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BlueFive Capital, an investment platform originating from the GCC with a global mandate, announced the successful closing of its Founding Shareholders Circle investment round, valuing the company at $120 million.
The funding round was oversubscribed and concluded in less than six months since the company's formation, highlighting investors' confidence in BlueFive Capital's business ambitions. The founding shareholders consist of 25 institutions and family offices, including prominent GCC merchant and royal families alongside renowned finance leaders from North America, Europe and Asia. The offering was subsequently expanded to accommodate additional interest.
Since its inception at the end of 2024, BlueFive Capital has established itself as one of the GCC's fastest growing global asset managers and oversees more than $650 million in AUM. The firm combines tenured leadership with a 27-person team spanning London, Bahrain, Abu Dhabi, Dubai, Riyadh, Jeddah, Singapore and Beijing.
BlueFive is founded by Hazem Ben-Gacem, who was previously co-Chief Executive Officer at Investcorp, the Middle East's largest non-sovereign private equity firm. During his 30 years at the firm, Hazem directly led investment teams in most of its world regions, while assets under management grew from $10 billion to more than $50 billion.
Hazem Ben-Gacem, Founder and Chief Executive, said: "This overwhelming confidence from 25 blue-chip shareholders validates our team's expertise and our strategy to disrupt the value chain in high-growth financial markets."
BlueFive Capital's board is chaired by Sheikh Mohamed Bin Isa Al Khalifa. Lord Gerry Grimstone, former Minister of Investment for the United Kingdom, and Sheikh Mubarak Abdulla Al-Mubarak Al-Sabah of Kuwait serve as vice chairmen.