BlueFive Capital has secured the role of General Partner for a newly formed Fund of Funds created by CICC Capital and HBIS Group. The platform marks a new collaboration between financial and industrial partners in China and overseas markets.
The fund will deploy capital through both fund investments and direct equity stakes. Investment activity will reflect HBIS Group’s strategic priorities across traditional industries and emerging sectors, including advanced materials, clean energy, and next-generation information technology. The fund plans to raise RMB32 billion over a 15-year life and will pursue domestic and international opportunities.
The investment framework rests on three principles: alignment between industry and finance, cooperation between national and local stakeholders, and cross-border investment links. This approach is designed to support industrial growth by connecting government initiatives, global capital, and operating businesses. BlueFive Capital will partner with established financial institutions and local market participants to support execution and governance.
The official launch of the fund took place last month at HBIS Group’s R&D facility. The event was attended by Sheikh Mubarak Al-Sabah, Vice Chairman of BlueFive Capital; Chen Liang, Chairman of CICC; and Liu Jian, Chairman of HBIS Group.
Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, said:
“BlueFive Capital is deeply rooted in the Middle East with a global footprint. We are bullish about China’s long-term growth potential and see significant opportunities for HBIS Group’s cross-border expansion, particularly in high-end manufacturing and new building materials. This fund-of-funds will be instrumental in identifying high-quality investment opportunities both domestically and internationally, ultimately supporting industrial upgrading and high-quality development.”
