US EditionBlueFive Capital appointed as GP for CICC–Hebei development fund
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BlueFive Capital appointed as GP for CICC–Hebei development fund
BlueFive Capital has been appointed as the first General Partner (GP) for a fund of funds established by CICC Capital, the private equity arm of China International Capital Corporation (CICC), and Chinese steelmaker HBIS Group. The fund targets raising CNY32bn ($4.58bn) with a 15-year term and will pursue investments aligned with HBIS Group’s industrial priorities, including cross-border investments. It will deploy capital through a combination …
Abu Dhabi, Beijing, China, January 6, 2026 – BlueFive Capital, a global investment platform, has been selected as the lead general partner for a hedge fund of funds (fund of funds) established jointly by CICC Capital, the private equity arm of China International Capital Corporation (CICC), and HBIS Group, one of China’s leading steel manufacturers. The fund of funds will raise capital through a mix of investments in other funds and direct inves…
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