- BlueFive Capital and China’s CICC Capital launch USD 500M fund to expand Chinese firms’ Gulf presence in tech, energy, manufacturing.
- The 10-year fund will invest in about 12 companies, two-thirds in China and the rest in Gulf-based firms.
- BlueFive, managing USD 2.6B in assets, also eyes expansion into asset management and insurance through upcoming strategic deals.
BlueFive Capital
Bahrain’s BlueFive Capital and China’s CICC Capital launched an investment fund with a capital of USD 500 million. The fund aims to expand the activities of Chinese companies operating in the Gulf region. This with a focus on the fields of technology, green energy, and advanced manufacturing,
It also seeks to serve as a launch platform for CICC Capital’s commercial and industrial initiatives worldwide. This is under its regulatory framework which has access to China’s private equity ecosystem. Simultaneously, it aims to leverage BlueFive Capital’s expertise in alternative investments and its extensive network across the Middle East and Asia.
Headquartered in Manama, BlueFive Capital is a global investment platform founded in 2024. It aims to connect capital with high-impact opportunities across emerging and mature markets. Additionally, it manages more than USD 2.6 billion in assets, is licensed under Abu Dhabi Global Market
Investments
Hazem bin Qasim, founder and CEO of BlueFive Capital disclosed that he expects the fund to include around 12 investments. Furthermore, two-thirds of which will be in Chinese companies with the remainder in Gulf-based companies. This is for GCC companies seeking to launch operations in China or expand more broadly in Asia.
The portfolio lifespan will be 10 years, with each investment lasting around four to five years. This is before being listed on financial markets, sold, or merged into other projects.
Up next, BlueFive is preparing to announce deals that will allow it to expand beyond current private equity activities.These deals will be in the fields of asset management and insurance across all segments.
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