diff --git a/eng/BranchInfo.props b/eng/BranchInfo.props
index 1d2155b657..0872e2ae3d 100644
--- a/eng/BranchInfo.props
+++ b/eng/BranchInfo.props
@@ -28,7 +28,7 @@
     <IsStableProject Condition="'$(StableProjects.IndexOf($(_NormalizedStableProjectName), StringComparison.OrdinalIgnoreCase))' != '-1'">true</IsStableProject>
   </PropertyGroup>
   <PropertyGroup Condition="'$(IsStableProject)' == 'true'">
-    <MajorVersion>4</MajorVersion>
+    <MajorVersion>5</MajorVersion>
     <MinorVersion>0</MinorVersion>
     <PatchVersion>0</PatchVersion>
     <!-- Set baseline version for stable packages to check for API Compat -->
@@ -36,7 +36,7 @@
   </PropertyGroup>
   <PropertyGroup Condition="'$(IsStableProject)' != 'true'">
     <MajorVersion>0</MajorVersion>
-    <MinorVersion>22</MinorVersion>
+    <MinorVersion>23</MinorVersion>
     <PatchVersion>0</PatchVersion>
   </PropertyGroup>
 </Project>
diff --git a/eng/Versions.props b/eng/Versions.props
index 5fb0b35ca6..b81cd40a00 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -9,7 +9,7 @@
         https://github.com/dotnet/arcade/blob/c788ffa83b088cafe9dbffc1cbc8155ba88b2553/Documentation/CorePackages/Versioning.md#output
     -->
     <DotNetUseShippingVersions>true</DotNetUseShippingVersions>
-    <VersionPrefix>4.0.0</VersionPrefix>
+    <VersionPrefix>5.0.0</VersionPrefix>
     <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
     <AssemblyVersion>1.0.0.0</AssemblyVersion>
     <!-- .NET Runtime product dependencies -->