Abu Dhabi-based private equity firm BlueFive Capital is preparing to close a new USD 1 bn Asia fund in 4Q 2025, Reuters reports citing statements made by CEO Hazem Ben-Gacem at a conference in Singapore. The Mumtalakat-backed firm is currently courting Middle Eastern family offices looking to break into Asian markets.

Focused on alternative investments: The proposed vehicle will channel capital into Indonesian aviation and mining, alongside transport-linked infrastructure in China (such as airports and ports), as the PE firm looks to capture shifting trade and capital flows. “The direction of the geopolitics for the next, most likely, decade or two, is such where you will see a very close rerouting of both trade and capital between Asia, China and the Middle East,” Ben-Gacem said, adding that BlueFive aims to be “in the middle” of that rerouting.

BlueFive already has a China play in motion: Just last month, BlueFive partnered with China’s CICC Capital to launch a USD 500 mn private equity fund — the first GCC-originated PE platform to be denominated in CNY — targeting China’s new economy sectors including tech, green energy and advanced manufacturing. The firm was also said to be in talks to acquire some USD 500 mn worth of Chinese real estate assets, including the Four Seasons Beijing.

ICYMI- BlueFive, which recently closed its USD 2 bn debut fund, is aiming to scale into a USD 25 bn platform within five years across the Gulf, Asia and Latin America, hitting the USD 5 bn mark as early as November.

ALSO- The firm is pushing into Southeast Asia through a new Shariah-compliant asset management platform launched under its partnership with Jeddah-based Al Murjan Group. The tie-up will also see BlueFive open a Riyadh office to co-manage Saudi investments with Al Murjan unit Sidra Capital.

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