BlueFive Capital Announces the Launch of $2 Billion Private Equity Fund Focused on GCC Countries
International investment firm BlueFive Capital has announced the successful closing of its BlueFive Reef Private Equity Fund, a $2 billion fund registered in the Abu Dhabi Global Market (ADGM). The fund will target investments in high-growth companies and conglomerates in the Gulf Cooperation Council (GCC) countries.
The fund will be managed from Abu Dhabi and will focus on making majority and minority investments in large-cap companies across the UAE and other GCC countries, with a particular emphasis on five key sectors: healthcare, technology, hospitality, aviation, and industry. The fund will leverage the region's economic growth dynamics and its increasingly important role as a gateway to other regions and economies around the world, both East and West.
"The launch of our first private equity fund dedicated to the GCC region, with a total value of $2 billion, is a major achievement. This fund will play a central role in expanding the private equity market in the GCC and will enable us to partner with exceptional entrepreneurs and management teams to support the creation of global leaders from the region," said Hazem Ben-Gacem, Founder and CEO of BlueFive Capital.
As one of the fastest-growing international asset managers in the GCC, BlueFive Capital boasts a 27-person investment team spread across London, Abu Dhabi, Dubai, Riyadh, Jeddah, Manama in Bahrain, and Beijing.
