Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, has acquired a stake in private equity firm BlueFive Capital, the Abu Dhabi-based firm said in a statement on Monday.
The investment comes shortly after BlueFive closed a fundraising round under its Circle initiative, backed by 25 founding shareholders. Mumtalakat joins a group of regional and international investors supporting the firm’s expansion strategy.
Financial terms of the transaction were not disclosed.
BlueFive Capital manages more than $2.6 billion in assets and operates offices in Abu Dhabi, London, Manama and Beijing. The firm was established in 2024 by Hazem Ben-Gacem, former co-CEO of Investcorp, and is chaired by Sheikh Mohamed Isa Al Khalifa, the former CEO of Bahrain’s national pension fund.
In July, BlueFive raised $2 billion for a fund focused on growth-stage investments across the Gulf Cooperation Council. Target sectors include healthcare, technology, aviation, hospitality and industrials.
Mumtalakat’s latest move adds to its recent series of international and regional private equity placements as the fund seeks long-term capital deployment opportunities aligned with Bahrain’s economic diversification strategy.
