- Bahrain’s Mumtalakat Holding Company has announced the acquisition of a stake in BlueFive Capital, a direct investment firm headquartered in Abu Dhabi.
- The deal reflects a growing trend among investment firms to sell stakes in their general partnerships to raise capital without giving up control.
- BlueFive recently raised around $2 billion for a new fund focused on expanding its direct investment activities across the Gulf region.
Abu Dhabi-based direct investment firm BlueFive Capital announced on Monday that Bahrain’s sovereign wealth fund, Mumtalakat, has acquired a stake in the company. The details of the deal, including the size of the stake and financial terms, were not disclosed.
This move comes amid a growing trend among smaller alternative asset managers and private equity firms to sell portions of their general partnership interests as a way to raise capital — without relinquishing control over operations or investment decisions.
A similar strategy was followed last year by Abu Dhabi’s Mubadala, which acquired a majority stake in U.S.-based investment management firm Fortress.
Mumtalakat is one of the smaller sovereign wealth funds in the Gulf region, managing assets estimated at around $18 billion, according to a report by Global SWF, a firm specializing in sovereign wealth fund research.
In July, BlueFive successfully raised approximately $2 billion for a new fund focused on expanding its direct investment portfolio across the Gulf Cooperation Council (GCC) region, reflecting growing regional and global investor interest in the area’s promising opportunities.
