Mumtalakat Acquires Stake in BlueFive Capital

Underscoring its commitment to supporting emerging financial players, Bahrain’s sovereign wealth fund (SWF) Mumtalakat Holding Company has acquired a stake in BlueFive Capital, a global investment platform based in Abu Dhabi.

Mumtalakat’s stake follows BlueFive Capital’s successful close of its Founding Shareholders Circle valuing the company at $120 million, and it joins the 25 prominent GCC and global investors backing the firm. This latest investment provides BlueFive with long-term institutional backing as it continues to scale internationally.

Since its inception at the end of 2024, BlueFive Capital has established itself as one of the GCC’s fastest growing global asset managers and oversees more than $2.6 billion in assets under management (AUM). The firm combines tenured leadership with a 27-person team spanning London, Bahrain, Abu Dhabi, Dubai, Riyadh, Jeddah, Singapore and Beijing.

It was founded by private equity veteran Hazem Ben-Gacem and chaired by Sheikh Mohamed Isa Al Khalifa, the former CEO of Bahrain’s national pension fund.

BlueFive Chairman Sheikh Mohamed Isa Al Khalifa said that Mumtalakat as one of the company’s anchor shareholders is both a milestone and a strong statement of confidence in their vision and capabilities.

This partnership provides stability and credibility as we accelerate our global expansion, firmly rooted in Bahrain’s dynamic financial landscape, he added.

BlueFive’s Acquisitions

Last month, BlueFive Capital’s BlueFive Reef Private Equity Fund I has acquired 100% of Wusoom Holding, a holding company with assets across high-growth sectors in the GCC region. This strategic acquisition marks a significant milestone in BlueFive’s mission to drive value in the region’s most critical and promising sectors.

The Wusoom group, which is based in Abu Dhabi, has a diversified group of companies across the fast-growing real estate, technology, hospitality, aviation, and industrial sectors. BlueFive will leverage its operational expertise and global network to accelerate growth, optimize efficiencies, and scale cross-sector collaborations across the newly acquired businesses.

The acquisition aligns with BlueFive Reef Private Equity Fund I’s mandate to invest in later-stage private equity opportunities that benefit from the GCC’s economic diversification and long-term growth.

BlueFive Capital will initiate integration efforts, focusing on operational enhancements, technology adoption, and talent development across the Wusoom Holding portfolio. Further acquisitions in the GCC are anticipated in the coming months, BlueFive said.

BlueFive in China

Meanwhile BlueFive Capital is reportedly in talks to acquire approximately $500 million in Chinese real estate assets, including the prestigious Four Seasons Hotel in Beijing, according to a report in news portal Semafor.

Qouting two people familiar with the matter, the report said that the deal also encompasses a connected mall, gym, and parking complex owned by Chinese media mogul Liu Changle. Should the transaction proceed, the assets are expected to be syndicated to a group of Gulf investors, primarily from Saudi Arabia.