Abu Dhabi-based BlueFive Capital is preparing to close a $1bn Asia-focused private equity fund by the fourth quarter of 2025, targeting high-growth opportunities in infrastructure, aviation, and mining, according to Reuters.

The fund will invest in Indonesian aviation and mining assets, alongside transport-related infrastructure in China such as ports and airports. Chief executive Hazem Ben-Gacem said the strategy is backed by strong demand from Middle Eastern family offices and growing interest from Chinese institutional investors.

“The direction of the geopolitics for the next, most likely, decade or two, is such where you will see a very close rerouting of both trade and capital between Asia, China and the Middle East. That’s where we at BlueFive want to play an anchor partner, to be kind of in the middle of that rerouting of capital,” Ben-Gacem said.

The firm sees scope in China to form public-private partnerships for concession agreements in key infrastructure, helping free up capital for the country’s growth plans.

Founded in November 2024, BlueFive has rapidly scaled to more than $6bn in assets under management across Bahrain, London, Abu Dhabi, and Beijing. In July, it raised $2bn for a Gulf-focused private equity fund, and in August Bahrain’s sovereign wealth fund Mumtalakat acquired a stake in the manager.

The $1bn close would mark BlueFive’s latest step in building out a dual focus on Gulf and Asian private equity strategies, positioning the firm as a bridge between Middle Eastern capital and Asian growth markets.

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