Abu Dhabi - Sharikat Mubasher: BlueFive Capital, a global investment company, successfully closed its $3 billion Onyx Fund I, dedicated to supporting businesses in innovative sectors, specifically in artificial intelligence (AI), biotechnology, and advanced computing.

The fund, registered with the Abu Dhabi Global Market (ADGM) and anchored by strategic sovereign capital from across the GCC, targets opportunistic technology and growth capital investments in the US and Europe, the company stated in a recent press release.

This milestone reflects a strategic alignment between the region's long-term investment priorities and high-conviction exposure to foundational technological disruption in Western markets.

Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, commented: “The Onyx Fund aims to target the current inflection points in both computational and biological intelligence, allowing us to partner with visionary entrepreneurs who are defining the next technological epoch. ADGM provides the ideal forward-looking regulatory ecosystem to anchor a fund of this global ambition.”

Onyx Fund I will undertake several technology and biotechnology investments in the US in the coming months.