Mumtalakat Takes Anchor Stake in BlueFive Capital

Bahrain's state-owned fund Mumtalakat has made a strategic acquisition in Abu Dhabi-based private equity firm BlueFive Capital, and it is now an anchor investor in the one-year-old investment firm.

Though the size of the deal and terms are not disclosed, BlueFive said that Mumtalakat is now among its 25 GCC and international investors in its expanding investor base.

The transaction follows barely more than a month after BlueFive Capital, in July, raised USD 2 billion to invest in large-cap private equity opportunities in five sectors- healthcare, technology, hospitality, aviation, and industry.

BlueFive has over USD 2.6 billion of assets under management, with offices in Bahrain, London, Abu Dhabi, and Beijing.

Key Highlights:

• Mumtalakat becomes anchor investor in Abu Dhabi-based BlueFive Capital, expanding its global investment footprint
• The investment follows BlueFive’s recent USD 2B raise to target large-cap opportunities across five key sectors
• Mumtalakat reported record profit of USD 963M in 2025, marking a major turnaround from the previous year’s loss

"Mumtalakat's anchor investor backing reflects high regional confidence in our strategy and long-term vision," stated Hazem Ben-Gacem, founder and CEO of BlueFive Capital and ex-co-CEO of Investcorp.

The company is led by chairman Sheikh Mohamed Isa Al Khalifa, ex-CEO of Bahrain's national pension fund, providing additional institutional weight to the firm's leadership.

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This strategic investment is made during Mumtalakat's most financially robust year to date. In May 2025, the fund logged its highest annual profit of BD363 million (USD 963 million), bouncing back from a net loss of BD497 million in the prior year.

"Our investment in BlueFive Capital supports our strategy to invest in high-potential platforms that can provide long-term value in core sectors," said a Mumtalakat spokesperson.

Mumtalakat now has around USD 18 billion in assets under its control, making it one of the Gulf's smaller but more active sovereign wealth funds.