The Oman office will focus on investment advisory, capital raising, and cross-border strategic partnerships aligned with the Oman Vision 2040.

BlueFive Capital, a global investment solutions platform with $4.4 billion in assets under management (AuM), has launched its legal entity in the Sultanate of Oman, BlueFive Capital Majan SPC. The new platform will bolster the firm’s commitment to the country and its role within the Gulf Cooperation Council (GCC).

The development, which will lay the foundation opening BlueFive’s Muscat office, underscores the firm’s dedication to supporting Oman’s economic diversification and capital markets development agenda, the firm said in a statement. Oman’s sovereign investment funds are among the founding shareholders of BlueFive Capital.

Ashish Mehta, director at BlueFive Capital, will head the firm’s new Muscat office. With experience across global markets and the GCC region, Mehta will oversee operations in Oman and lead efforts to build partnerships with local institutions, family offices, and international investors.

The firm highlighted that Oman stands out as one of the GCC’s most forward-looking economies, defined by stable governance, strategic location, and a bold vision for diversification and sustainable development. The country attracts international investors seeking long-term value creation. BlueFive Capital’s entry reflects its confidence in Oman’s economic future and its commitment to contributing to that growth.

Future Fund Oman, an Oman Investment Authority (OIA) fund, for instance, and Templewater, a pan-Asia alternative asset manager recently launched an Energy Transition Fund, in a bid to help combat climate change. It marks the first fund of its kind in the Sultanate of Oman, designed to accelerate investment in the energy transition and advanced manufacturing in the country, the firm said.

BlueFive Capital Muscat office will serve as a hub for investment advisory, capital raising, and cross-border strategic partnerships, with a focus on priority sectors under Vision 2040, including infrastructure, logistics modernisation, sustainable energy, and financial innovation. Initial efforts will centre on engaging local stakeholders while introducing global investors to high-impact opportunities. BlueFive’s Oman presence complements its existing GCC operations in the United Arab Emirates (UAE), Saudi Arabia and Bahrain, creating a regionally integrated platform with global capabilities.

A number of firms, such as US-headquartered investment manager Brown Advisory, have recently set up shop in Dubai and neighbouring Abu Dhabi, exploiting the rising level of demand for wealth management, for example inter-generational wealth and business transfer advisory work.

“Oman’s sovereign investment funds have been one of the early backers of BlueFive Capital in the initial days of its formation and as joint partners, we want to play an important role, alongside Omani institutions and private sector players to support the country's transformation goals and unlock cross-border capital opportunities,” Hazem Ben-Gacem, CEO of BlueFive Capital, said. “This will be the mandate of our newly-opened Muscat office.”