Abu Dhabi-based BlueFive Capital is looking to preparing to close a new $1bn private equity fund focused on Asian investments by the fourth quarter of 2025, according to a report by Reuters citing Chief Executive Officer Hazem Ben-Gacem.
The firm is raising capital primarily from Middle Eastern family offices looking for exposure to Asian markets, while also seeing interest from Chinese institutional investors. The new vehicle will target Indonesian aviation and mining opportunities alongside transport-related infrastructure in China, including airports and ports.
Ben-Gacem said BlueFive aims to act as an “anchor partner” in the growing flow of trade and capital between Asia, China and the Middle East, adding that public-private partnerships in China could unlock access to concession agreements for key infrastructure assets.
The launch follows BlueFive’s $2bn Gulf-focused fund raised in July and Bahrain sovereign wealth fund Mumtalakat’s acquisition of a stake in the firm in August. Founded in November 2024, BlueFive now manages more than $6bn across Bahrain, London, Abu Dhabi and Beijing.
