BlueFive Capital, a global investment firm, has announced the successful close of its first private equity fund—BlueFive Reef Private Equity Fund I—with total commitments reaching $2 billion. The fund, registered with the Abu Dhabi Global Market (ADGM), will focus on large-cap private equity investments across the Gulf Cooperation Council (GCC) region.
Headquartered in Abu Dhabi, the fund will pursue both majority and minority positions in prominent, fast-growing companies and conglomerates within the UAE and the wider GCC. It will concentrate on five strategic sectors: Healthcare, Technology, Hospitality, Aviation, and Industrials, aiming to capitalize on the region’s robust economic momentum and growing role as a global commercial hub connecting East and West.
Hazem Ben-Gacem, BlueFive’s founder and CEO, called the fund a “landmark achievement,” adding, “This inaugural $2 billion GCC fund significantly strengthens the region’s private equity landscape. It enables us to collaborate with outstanding founders and management teams to build globally competitive businesses rooted in the Gulf.”
BlueFive Capital is among the fastest-growing global asset managers in the GCC, with a 27-member investment team operating across key financial centers including Abu Dhabi, Dubai, Riyadh, Jeddah, Bahrain, London, and Beijing.
Source: BlueFive Capital
