CICC Capital and BlueFive Capital have announced plans to establish a private equity fund focused on Chinese new economy companies seeking to expand into the Gulf Cooperation Council (GCC) region.

The vehicle will target high-growth sectors including technology, digital transformation, green energy, advanced manufacturing, and consumer-driven industries. The GCC will serve as both a gateway for Chinese firms into Middle Eastern markets and a launchpad for further international expansion.

The collaboration leverages BlueFive’s expertise in cross-border alternative investments and its Middle East-Asia network, alongside CICC Capital’s access to China’s private equity ecosystem and institutional capabilities.

“CICC Capital is committed to fostering cross-border partnerships that drive sustainable growth,” said Shan Junbao, Chairman of CICC Capital. “Together, we are well-positioned to identify and scale disruptive businesses that will define the future.”

Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, added: “Emerging markets are engines of the global economy, and by aligning BlueFive Capital’s GCC capabilities with CICC Capital’s track record in scaling innovation, we aim to deliver unparalleled value to investors while accelerating the growth of tomorrow’s industry leaders.”

CICC Capital manages approximately RMB 450bn ($62bn) in assets across private equity funds and fund-of-funds, while BlueFive Capital oversees $2.6bn in AUM with offices in Abu Dhabi, Dubai, London, Manama, and Beijing.

The partners will now negotiate definitive agreements, including fund structuring, capital commitments, and investment strategy.

If you think we missed any important news, please do not hesitate to contact us at [email protected].

Can`t stop reading? Read more.