The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

BlueFive Capital 
BlueFive Capital, a global investment firm overseeing $7.4 billion in assets, has concluded closing its Onyx Fund I. 

The $3 billion fund, which is registered with the Abu Dhabi Global Market, targets opportunistic technology and growth capital investments in the US and Europe. 

The firm – incorporated in Abu Dhabi Global Market and with offices in London, Manama, Abu Dhabi, Dubai, Muscat and Beijing – offers private equity, real estate, infrastructure and financial products to private wealth, institutional and retail clients.

The fund will target businesses at the frontier of innovation, specifically in artificial intelligence, biotechnology, and advanced computing, where disruptive potential meets scalable commercial application, BlueFive Capital said in a statement this week. 

The fund expects to undertake a number of technology and biotechnology investments in the US in the coming months.