Hazem Ben-Gacem’s BlueFive Capital closes oversubscribed founding round at USD 120 mn valuation: BlueFive Capital, the investment platform founded by former Investcorp Co-CEO Hazem Ben-Gacem, closed its oversubscribed founding shareholders circle round, valuing the firm at USD 120 mn, according to a press release. The round wrapped up in under six months since the firm’s launch in November 2024. The size of the investment and stake allocations were not disclosed.

Who’s backing it? BlueFive’s founding shareholder base includes 25 institutions and family offices, including prominent GCC merchant and royal families, alongside finance leaders from North America, Europe, and Asia.

The fund manages over USD 650 mn in assets, operated by a 27-member team spread across London, Bahrain, Abu Dhabi, Dubai, Riyadh, Jeddah, Singapore, and Beijing.

What they said: “The GCC is our launchpad, but our vision is hemispheric: connecting institutional-grade platforms to underserved capital markets, driving the next wave of global prosperity,” Ben-Gacem said.

ICYMI- BlueFive Capital was launched in November 2024, targeting investments across the Gulf, Asia, and Latin America, with the goal of becoming a USD 25 bn platform within five years. It plans to operate through two entities: BlueFive Financial, focusing on consolidating potential investments in financial services; and BlueFive Asset Management, expected to launch next year, which will target private equity and infrastructure investments.

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