BlueFive Capital today announced that it has concluded raising the BlueFive Reef Private Equity Fund I. The $2 billion fund is registered with the Abu Dhabi Global Market (ADGM) and targets large-cap GCC private equity investments.
The Fund will be managed from Abu Dhabi and target majority and minority investments in sizeable high-growth businesses and conglomerates across the UAE and the broader GCC, with a focus on five key sectors: Healthcare, Technology, Hospitality, Aviation, and Industrial. The Fund will leverage the region’s economic growth momentum and its increasing position as the gateway to various regions and economies in the world, both East and West.
Hazem Ben-Gacem, founder and chief executive of BlueFive Capital, said: “Our inaugural $2 billion dedicated GCC private equity fund is a landmark achievement. 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.”
