- BlueFive Capital closed Onyx Fund I at $3 billion.
- The fund is registered in Abu Dhabi Global Market and targets tech growth investments in the U.S. and Europe.
Investment focus includes AI, biotechnology, and advanced computing, with U.S. deals expected soon
BlueFive Capital has announced the final close of its first investment vehicle, Onyx Fund I, at $3 billion. The fund is registered in Abu Dhabi Global Market (ADGM) and targets growth opportunities across the United States and Europe.
Focus on Deep Technology
Onyx Fund I is designed to back companies driving the next wave of technological innovation, particularly in:
Artificial Intelligence (AI)
Biotechnology
Advanced Computing
The fund prioritizes businesses that combine breakthrough science with scalable commercial applications, positioning it firmly within the deep tech investment space.
GCC Capital Expanding into Western Tech Markets
The fund is supported by sovereign and institutional capital from GCC countries, reflecting a long-term regional strategy to align Gulf investment priorities with high-impact technology opportunities in Western markets. This signals a continued shift toward knowledge-driven and innovation-led assets.
Leadership Perspective
Hazem Ben Gacem, Founder and CEO of BlueFive Capital, stated that Onyx Fund I aims to capture major inflection points in computational intelligence and biological intelligence. He emphasized partnering with visionary entrepreneurs shaping the next technological era, noting that ADGM provides a forward-looking regulatory ecosystem suited for a globally ambitious fund.
Upcoming Investments
The fund is expected to begin deploying capital into technology and biotech companies in the United States in the coming months.
