Private Equity Fund Successfully Acquired $2 Billion by BlueFive Capital, a Leading Financial Firm within the GCC Region

BlueFive Capital, one of the fastest-growing global asset managers in the GCC, has announced the creation of the BlueFive Reef Private Equity Fund I. Registered with the Abu Dhabi Global Market (ADGM), this new fund boasts a capital of $2 billion.

The fund, which will be managed from Abu Dhabi, is a significant milestone for the company, according to Hazem Ben-Gacem, founder and CEO of BlueFive Capital. The investment team for the fund comprises 27 people spanning various locations including London, Abu Dhabi, Dubai, Riyadh, Jeddah, Bahrain, and Beijing.

The BlueFive Reef Private Equity Fund I is set to expand the private equity market in the GCC. The fund targets large-cap GCC private equity investments and will focus on majority and minority investments in sizeable businesses and conglomerates across the UAE and the broader GCC. The fund's focus sectors are Healthcare, Technology, Hospitality, Aviation, and Industrial.

Hazem Ben-Gacem emphasizes the fund's focus on supporting the growth of exceptional businesses and conglomerates across the UAE and the broader GCC. The fund intends to leverage the region's economic growth momentum and its increasing position as the gateway to various world areas and economies, both East and West.

The fund will partner with notable founders and management teams to foster the emergence of global leaders from the GCC. The BlueFive Reef Private Equity Fund I will also aim to expand into other regions, leveraging the region's strategic location to tap into opportunities in both East and West.

In his statement, Hazem Ben-Gacem mentions the fund's intention to contribute to the growth of the private equity market in the GCC, creating opportunities for businesses and investors alike. The exact founding date of the BlueFive Reef Private Equity Fund I is not publicly available.

The creation of the BlueFive Reef Private Equity Fund I underscores BlueFive Capital's commitment to the GCC and its belief in the region's potential for growth and success. With its experienced investment team and focus on strategic sectors, the fund is poised to make a significant impact on the private equity landscape in the GCC.

Private Equity Fund Successfully Acquired $2 Billion by BlueFive Capital, a Leading Financial Firm within the GCC Region