Finance
Investcorp Veteran Is Said to Plan $1 Billion Abu Dhabi Fund
- Ben-Gacem is setting up Abu Dhabi-based BlueFive Capital
- Firm to initially invest in Southeast Asian and GCC nations
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The former co-chief executive officer of the Middle East’s top alternative asset manager is setting up a $1 billion permanent capital fund to buy stakes in financial services firms across the Global South, according to people familiar with the matter.
Hazem Ben-Gacem, who stepped down as co-chief executive officer of Investcorp Holdings in September, is in talks with investors across the US, Asia, Europe, and the Middle East to raise funds for BlueFive Capital, the people said, asking not to be identified as the information is private.