Hazem Ben-Gacem, former co-executive Director of Investcorp Holdings, is creating a $1 billion BlueFive Capital permanent capital fund to buy out assets of financial companies in the Global South. This is reported by foreign media.
H. Ben-Ghasem is negotiating with investors in the United States, Asia, Europe and the Middle East to raise funds for the new BlueFive Capital fund, which will invest in insurance, private and stock brokerage companies.
He also intends to attract founding shareholders for BlueFive and transform the fund into a company worth $25 billion over five years. BlueFive's headquarters will be located in Abu Dhabi (UAE).
BlueFive will initially invest in Southeast Asian countries and the Gulf Cooperation Council, including Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Later, the company plans to invest in Latin America to create a financial company in the Global South.
Saudi Arabia and the UAE are trying to diversify their economies by increasing trade and investment ties with other major developing countries, including China and Brazil. In 2024, Investcorp established an investment fund with the support of China Investment Corp. to raise $750 million.
Mubadala Investment Co. Worth $302 billion, he is a shareholder in Investcorp, which is also sponsored by several of the richest members of the royal family and business magnates of the Middle East.
At Investcorp, H. Ben-Ghasem oversaw investment and capital raising in sovereign and institutional funds in the Middle East and led the European private equity business and global technology investments.
Investcorp is the largest asset management investment company in the Middle East. The company provides alternative investment products for private and institutional clients in three areas: corporate investments in the United States, Europe and the Persian Gulf, real estate investments in the United States and global hedge funds. Investcorp has offices in New York, London and Bahrain. The headquarters is located in Manama (Bahrain).
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