Big industrial groups and global investors are increasingly teaming up to chase long-term opportunities, especially as traditional manufacturing blends with cutting-edge technology.
That trend is clearly on display with a new partnership that brings together international capital expertise and one of China’s industrial heavyweights.
BlueFive Capital Steps In as a First-of-Its-Kind Partner
BlueFive Capital, a global investment platform, has been named the first General Partner for a newly launched Fund of Funds created by CICC Capital and HBIS Group.
CICC Capital is the private equity arm of China International Capital Corporation, while HBIS Group is one of China’s leading steelmakers with expanding interests beyond steel.
This appointment positions BlueFive Capital at the center of a major investment vehicle designed to support both industrial growth and financial returns.
How the Fund Plans to Invest
Rather than focusing on a single strategy, the Fund of Funds will deploy capital through a mix of investments in other funds and carefully selected direct investments.
These investments are closely aligned with HBIS Group’s industrial roadmap.
The scope is broad, covering traditional industries alongside fast-growing sectors such as advanced materials, new energy, and next-generation information technology.
The idea is to balance stability with innovation, while staying anchored to real industrial demand.
Ambitious Size, Long-Term Vision
The fund is targeting a total raise of RMB32 billion, roughly $4.58 billion, and is structured with a 15-year lifespan.
This long-term horizon reflects a commitment to patient capital, allowing investments enough time to mature and deliver strategic value.
Cross-border investments are also part of the plan, signaling an outward-looking approach that connects Chinese industrial priorities with global opportunities.
Three Pillars Guiding the Strategy
At its core, the fund is built around three key pillars.
The first is industry-finance synergy, ensuring financial investments directly support industrial development.
The second is central-local cooperation, which aims to align national-level strategies with regional growth initiatives.
The third pillar is cross-border linkage, designed to connect domestic industries with international markets, technologies, and capital.
Together, these pillars form the framework guiding how and where capital will be deployed.
Collaboration at the Heart of Execution
BlueFive Capital won’t be working alone.
The firm plans to collaborate with leading industrial players, financial institutions, and local partners to support the fund’s long-term operations.
This collaborative approach is intended to strengthen deal sourcing, risk management, and on-the-ground execution across different regions.
Leadership and Global Footprint
The firm is led by Founder and Chief Executive Hazem Ben-Gacem and operates from offices in London, Abu Dhabi, Manama, and Beijing.
This international footprint gives BlueFive Capital a strong platform to manage cross-border investments and coordinate with partners across multiple markets.
What’s Next?
Attention now turns to fundraising progress, early investment decisions, and how quickly the fund can translate its strategy into concrete deals.
With a clear industrial focus and a long-term structure, the next phase will reveal how this partnership shapes HBIS Group’s industrial ambitions and BlueFive Capital’s growing role in global private markets.
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