BlueFive Capital Pulls in Astounding $2 Billion Within a Year, Spearheading Investments in High-growth Businesses Across GCC

In what can only be described as a veritable coup, BlueFive Capital, a fledgling firm started by former Investcorp co-CEO, has successfully sealed its first private equity fund to the tune of $2 billion, all within the first year of its inception. This feat, remarkable as it is rare, presents a potent testament to the investment prowess ingrained in the firm’s DNA. Managed from the heart of Abu Dhabi, the fund, aptly named BlueFive Reef Private Equity Fund I, is casting its investment net wide.

Primarily, the firm targets significant and minority stakes in high-growth enterprises across the United Arab Emirates and the wider Gulf Cooperation Council countries. With an optimistic gaze fixed firmly on the region’s burgeoning economic momentum, BlueFive is leaving no stone unturned to corner the dojo of profitable returns.

First appearing on the scene towards the end of 2024 under the leadership of Hazem Ben-Gacem, BlueFive already boasted an impressive $650 million in Assets Under Management (AUM) as of June 2, with a devoted 25-strong investment team spread across major global financial hubs like London, Beijing, Bahrain, Abu Dhabi, and Dubai.

Beyond just accreting funds, the firm has also already dipped its toes in the real-world dynamics of deal-making. Only last month, BlueFive made a striking debut in real estate with the acquisition of Dubai-based investment firm Neo Capital, signaling the start of what promises to be a game-changing innings.