Bahrain sovereign wealth fund buys stake in BlueFive Capital
Bahrain’s sovereign wealth fund, Mumtalakat, has bought a stake in alternative asset manager BlueFive Capital.
The firm predominantly focuses on private equity, real assets and credit strategies, according to its website.
BlueFive Capital has a flagship office in Manama and operates across key global centres including London, Abu Dhabi and Beijing. It was founded by Investcorp’s former co-chief executive Hazem Ben-Gacem and chaired by Sheikh Mohamed Isa Al Khalifa, former chief executive of Bahrain’s national pension fund.
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Bluefive Capital’s investment focus is on countries located in the Gulf, Asia, and Latin America.
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According to its website, BlueFive Capital manages more than $2.6bn (£2bn) in assets and has so far raised capital from 25 global investors.
“Welcoming Mumtalakat as one of our anchor shareholders is both a milestone and a strong statement of confidence in our vision and capabilities,” chair Al Khalifa said. “This partnership provides stability and credibility as we accelerate our global expansion, firmly rooted in Bahrain’s dynamic financial landscape.”
