• Mohammed VI Fund selects 14 firms to manage sector-focused funds aimed at boosting enterprise equity and job creation in Morocco.
• The firms raised MAD 14.5B, with MAD 4.5B added by the fund, totaling MAD 19B (USD 2.1B) in capital.
• Funds will target key sectors like industry, tourism, and agriculture, with tailored support for SMEs through seven generalist investment funds.

Mohammed VI Investment Fund

The Mohammed VI Investment Fund announced the selection of 14 companies to manage thematic and sector-specific funds. These funds will aim to strengthen the equity capital of enterprises and enhance their capacity to invest and generate sustainable jobs.

The 14 selected management companies have mobilized approximately MAD 14.5 billion (USD 1.6B) in national and international capital. This is in addition to MAD 4.5 billion (USD 500K) bringing the total to MAD 19 billion (USD 2.1B). Moreover, this exceeds quadruple the funds’ initial commitment.

The selected fund managers will cover a wide range of sectors within the national economy in alignment with the investment policy of the fund. This includes: 

• 3 funds dedicated to industry 
• 1 fund dedicated to agriculture and agri-food
• 2 fund dedicated to tourism 
• 1 fund dedicated to transport and logistics 
• 7 general funds.

The seven general funds will be structured according to target investment sizes. This is to offer tailored financing solutions for SMEs.

Morocco 

The selected fund managers include nine Moroccan companies and five international firms. The funds will be headquartered in Morocco either independently or in partnership with foreign funds. Furthermore, the aim is to foster a robust ecosystem of private equity fund management in Morocco. Additionally, it aims to support the country’s mission to become a regional and continental hub in this field. 

 The Mohammed VI Investment Fund is a signatory to the United Nations Principles for Responsible Investment. Thus, it is committed to promoting international best practices in environmental, social, and governance (ESG) standards. Moreover, this was taken into consideration when selecting and monitoring the fund managers.