Large-Scale GCC Private Equity Fund, Valued at $2 Billion, Successfully Secured by BlueFive Capital

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

The fund, according to Hazem Ben-Gacem, founder and CEO of BlueFive Capital, is a significant milestone. It is set to contribute significantly to expanding the private equity market in the GCC, as stated by Mr. Ben-Gacem.

The BlueFive Reef Private Equity Fund I will be managed from Abu Dhabi and will focus on majority and minority investments in sizeable businesses and conglomerates across the UAE and the broader GCC. The fund targets large-cap GCC private equity investments and will collaborate with outstanding founders and management teams to foster the growth of global leaders originating from the GCC.

The fund's investment team spans across London, Abu Dhabi, Dubai, Riyadh, Jeddah, Bahrain, and Beijing, ensuring a diverse and global perspective. The fund aims to utilize the region's economic growth momentum and its increasing position as the gateway to various areas and economies in the world, both East and West.

The focus sectors for the fund are Healthcare, Technology, Hospitality, Aviation, and Industrial. The fund will aim to capitalise on the growth potential of these sectors in the GCC and beyond.

Karanvir Singh, the founder and CEO of BlueFive Capital, expressed his excitement about the launch of the fund. The fund will aim to leverage the region's economic growth momentum and position as a gateway to various economies, both East and West.

The BlueFive Reef Private Equity Fund I is expected to play a significant role in boosting the private equity market in the GCC and supporting the growth of businesses and conglomerates in the region.