BlueFive Capital — founded by a former Investcorp Holdings executive — raised $2 billion in a move that places it among the biggest funds assembled by an investor based in the Gulf.
The fund set up in Abu Dhabi will initially target growth across the six-member Gulf Cooperation Council and look for investments in healthcare, technology, hospitality, aviation and industrial businesses, BlueFive said in a statement.
Founded by Hazem Ben-Gacem, a former Investcorp co-head, the new fund comes at time when the oil-rich emirate of Abu Dhabi is attracting some of the world’s largest wealth managers and hedge funds ...
