- Integration to establish BlueFive Private Wealth, focusing on real estate and infrastructure investments in Europe, the US and Asia
- Neo Capital brings $650m in AUM across European and US real estate
BlueFive Capital today announced the full integration of private wealth manager Neo Capital, which manages $650 million in assets. Effective immediately, the new entity will operate as BlueFive Private Wealth, leveraging Neo’s real estate expertise and BlueFive’s global reach to serve ultra-high-net-worth (UHNW) investors throughout the Gulf Cooperation Council (GCC) and international markets.
BlueFive Private Wealth’s investment focus will include real estate and infrastructure in Europe, the US, and Asia. Its Dubai office, regulated by the Dubai International Financial Centre, will serve as the hub for operations, while the Neo teams in Jeddah, Riyadh, and Dubai have transitioned into expanded roles across BlueFive’s businesses.
Hani Obaid, Founder of Neo Capital and now Co-founder and Partner at BlueFive Capital, said: “Seeing Neo Capital integrated into BlueFive marks an exciting new chapter for us. Under BlueFive, Neo’s platform is ready to accomplish the next phase of growth enabling larger transactions, attracting more clients, and driving greater liquidity across the region. I am confident that BlueFive Private Wealth will amplify the strong foundation we built and unlock new opportunities for investors.”
Hazem Ben-Gacem, Chief Executive Officer of BlueFive Capital, said: “The successful integration of Neo Capital into BlueFive Private Wealth is a cornerstone in our strategy to redefine private wealth management across emerging markets. Neo’s team brings deep expertise and established client relationships, which significantly strengthen BlueFive’s capacity. Together, we are well positioned to deliver tailored wealth solutions that combine local insight with global reach.”
