diff --git a/sdk/identity/azure-identity/CHANGELOG.md b/sdk/identity/azure-identity/CHANGELOG.md
index 84475f002..19eb2455d 100644
--- a/sdk/identity/azure-identity/CHANGELOG.md
+++ b/sdk/identity/azure-identity/CHANGELOG.md
@@ -1,15 +1,21 @@
 # Release History
 
-## 1.5.0-beta.3 (Unreleased)
+## 1.5.0 (2023-05-04)
 
 ### Features Added
 
-### Breaking Changes
+- Added support for challenge-based and multi-tenant authentication.
+- Added `DefaultAzureCredential`.
 
 ### Bugs Fixed
 
+- [[#4443]](https://github.com/Azure/azure-sdk-for-cpp/issues/4443) Fixed potentially high CPU usage on Windows.
+
 ### Other Changes
 
+- Improved diagnostics to utilize `Azure::Core::Credentials::TokenCredential::GetCredentialName()`.
+- Improved log messages.
+
 ## 1.5.0-beta.2 (2023-04-06)
 
 ### Features Added
diff --git a/sdk/identity/azure-identity/src/private/package_version.hpp b/sdk/identity/azure-identity/src/private/package_version.hpp
index 9eace8304..7f4961aff 100644
--- a/sdk/identity/azure-identity/src/private/package_version.hpp
+++ b/sdk/identity/azure-identity/src/private/package_version.hpp
@@ -13,7 +13,7 @@
 #define AZURE_IDENTITY_VERSION_MAJOR 1
 #define AZURE_IDENTITY_VERSION_MINOR 5
 #define AZURE_IDENTITY_VERSION_PATCH 0
-#define AZURE_IDENTITY_VERSION_PRERELEASE "beta.3"
+#define AZURE_IDENTITY_VERSION_PRERELEASE ""
 
 #define AZURE_IDENTITY_VERSION_ITOA_HELPER(i) #i
 #define AZURE_IDENTITY_VERSION_ITOA(i) AZURE_IDENTITY_VERSION_ITOA_HELPER(i)
diff --git a/sdk/identity/azure-identity/vcpkg/Config.cmake.in b/sdk/identity/azure-identity/vcpkg/Config.cmake.in
index 7b1bd607d..6c3254a8a 100644
--- a/sdk/identity/azure-identity/vcpkg/Config.cmake.in
+++ b/sdk/identity/azure-identity/vcpkg/Config.cmake.in
@@ -4,7 +4,7 @@
 @PACKAGE_INIT@
 
 include(CMakeFindDependencyMacro)
-find_dependency(azure-core-cpp "1.8.0")
+find_dependency(azure-core-cpp "1.9.0")
 
 find_dependency(OpenSSL)
 
diff --git a/sdk/identity/azure-identity/vcpkg/vcpkg.json b/sdk/identity/azure-identity/vcpkg/vcpkg.json
index 6598bd81e..0eb6fcdd7 100644
--- a/sdk/identity/azure-identity/vcpkg/vcpkg.json
+++ b/sdk/identity/azure-identity/vcpkg/vcpkg.json
@@ -14,7 +14,7 @@
     {
       "name": "azure-core-cpp",
       "default-features": false,
-      "version>=": "1.9.0-beta.1"
+      "version>=": "1.9.0"
     },
     "openssl",
     {