– BlueFive Capital has raised $2 billion for a new private equity fund focused on the Gulf Cooperation Council (GCC) region.
– The fund, named BlueFive Reef Private Equity Fund, will invest in majority and minority stakes in large, high-growth businesses and conglomerates.
– Target markets include the United Arab Emirates, Saudi Arabia, and Qatar.
– Key sectors of focus: healthcare, technology, hospitality, aviation, and industrials.
– The fund is registered in the Abu Dhabi Global Market (ADGM).
– BlueFive Capital was launched in November last year by Hazem Ben-Gacem, former co-CEO of Investcorp.
– Founder and chief executive Hazem Ben-Gacem: “The fund will play a pivotal role in expanding the private equity marketplace in the GCC and allow us to partner with exceptional founders and management teams to support establishing global leaders that are originating from the GCC.”
– Offices are located in Abu Dhabi, London, Riyadh, and Beijing.
– The fund aims to expand the GCC private equity market and support the growth of global leaders originating from the region.
– There is growing global investor interest in GCC assets as regional governments diversify away from oil.
