BLUEFIVE Capital announced that Bahrain’s sovereign wealth fund, Mumtalakat, has acquired a stake in the investment firm, marking a commitment to support emerging financial players.
The investment follows the successful close of BlueFive’s Founding Shareholders Circle, which includes 25 prominent investors from the GCC and around the world. The funding is expected to provide long-term institutional backing as the firm scales internationally.
Founded in 2024, BlueFive Capital has grown to manage over $2.6 billion in assets. The firm, which has its flagship office in Manama, also operates in London, Abu Dhabi, and Beijing.
BlueFive was founded by private equity veteran Hazem Ben-Gacem and is chaired by Shaikh Mohamed Isa Al Khalifa, the former chief executive of Bahrain’s national pension fund.
“Welcoming Mumtalakat as one of our anchor shareholders is both a milestone and a strong statement of confidence in our vision and capabilities,” said Shaikh Mohamed.
“This partnership provides stability and credibility as we accelerate our global expansion, firmly rooted in Bahrain’s dynamic financial landscape.”
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