BlueFive Capital closes $3 billion Onyx Fund I targeting US, Europe tech investments

BlueFive Capital ‍closed its $3 billion Onyx Fund I, ⁠it said on Monday, targeting opportunistic technology and growth investments ‌in ‌the US and Europe.

The fund, which ‌is registered with the Abu Dhabi Global Market, will focus on investments in artificial intelligence, biotechnology and advanced computing, the firm ‌said.

BlueFive ‍said the fund is ‍anchored by sovereign capital from ‌across the Gulf.


Founder and Chief Executive Hazem Ben-Gacem said the fund aims to invest at inflection points in computational ‍and biological intelligence and described ADGM as a ‍suitable ⁠regulatory ⁠base for a globally focused fund.

BlueFive said it expects to make several technology and biotechnology investments in the US in the coming months.