Abu Dhabi - Sharikat Mubasher: BlueFive Capital, an alternative investment platform, successfully raised its $2 million BlueFive Reef Private Equity Fund I, targeting large-cap private equity investments in the GCC region.

The fund will be based in Abu Dhabi and will target majority and minority investments in sizeable high-growth businesses and conglomerates across the UAE and the broader GCC, the company announced in a statement today.

The BlueFive Reef Private Equity Fund I will focus on five main sectors: healthcare, technology, hospitality, aviation, and industrial, leveraging the region’s economic growth momentum.

Commenting on this milestone, 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.”

BlueFive Capital is one of the GCC’s fastest-growing global asset managers with a 27-person investment team spanning London, Abu Dhabi, Dubai, Riyadh, Jeddah, Bahrain, and Beijing.