BlueFive Capital Closes $3 Billion Onyx Fund I To Target US, Europe Ttech Investments

BlueFive Capital, founded in late 2024 is led by Hazem Ben-Gacem, a highly experienced professional with one of the longest tenures in the global private equity industry.

The fund will focus on companies at the forefront of innovation, including artificial intelligence, biotechnology, and advanced computing, where disruptive technologies have the potential for scalable commercial impact.

The fund is anchored by opportunistic sovereign capital from across the GCC reflecting a strategic alignment between the region’s long-term investment priorities and high-conviction exposure to transformative technologies in Western markets.

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Hazem Ben Gacem founder and chief executive of BlueFive Capital said: “The Onyx Fund aims to target the current inflection points in both computational and biological intelligence, allowing us to partner with visionary entrepreneurs who are defining the next technological epoch. ADGM provides the ideal forward-looking regulatory ecosystem to anchor a fund of this global ambition.”

BlueFive Capital is a global investment platform targeting high-potential markets to transform traditional financial models and drive sustainable growth.

Incorporated in the Abu Dhabi Global Market, with offices in London, Manama, Abu Dhabi, Dubai, Muscat and Beijing, the firm offers private equity, real estate, infrastructure, and financial products to private wealth, institutional, and retail clients.