Abu Dhabi-based private equity firm BlueFive Capital announced on Monday that Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, has acquired a stake in the firm, underscoring Mumtalakat’s commitment to supporting emerging financial players.
Mumtalakat’s stake follows BlueFive Capital’s successful close of its Founding Shareholders Circle, 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.
“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,” said BlueFive chairman Sheikh Mohamed Isa Al Khalifa.
Founded in 2024, BlueFive Capital has rapidly grown to manage more than $2.6 billion in assets. As well as a flagship office in Manama, the firm operates across key global centers including London, Abu Dhabi 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.
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The firm targets opportunities in high-growth economies with the goal of transforming traditional financial models and fostering sustainable growth.
Incorporated in Abu Dhabi Global Market, the firm provides strategic exposure to sectors that will define the next generation of economic prosperity through consolidating parts of the financial services industry across insurance, private wealth and public markets.
