BlueFive Capital, a leading Abu Dhabi-based private equity firm, today announced that Bahrain Mumtalakat Holding Company, the Kingdom’s sovereign wealth fund, has acquired a stake in the firm, reinforcing Mumtalakat’s strategy to support high-potential financial institutions.
The deal follows BlueFive’s successful close of its Founding Shareholders Circle, which brought together 25 prominent regional and international investors. Mumtalakat’s participation provides BlueFive with long-term institutional support as it scales its operations globally.
Founded in 2024 by private equity veteran Hazem Ben-Gacem, BlueFive Capital now manages over $2.6 billion in assets and maintains a strong presence across Abu Dhabi, Bahrain, London, and Beijing. The firm is chaired by Sheikh Mohamed Isa Al Khalifa, former CEO of Bahrain’s national pension fund.
Sheikh Mohamed Isa Al Khalifa, Chairman of BlueFive Capital, commented:
“Welcoming Mumtalakat as one of our anchor shareholders is both a milestone and a strong statement of confidence in our vision and capabilities. This partnership provides stability and credibility as we accelerate our global expansion, firmly rooted in Bahrain’s dynamic financial landscape.”
The move comes amid a rising trend among smaller alternative asset managers and PE firms to sell stakes in their General Partner entities to raise capital without relinquishing control—a model adopted last year by UAE’s Mubadala in its majority acquisition of U.S.-based Fortress Investment Group.
