Announcement of the 14 Management Companies Selected for Thematic and Sectoral Funds

The Mohammed VI Investment Fund Selects 14 Management Companies

Within the framework of Expression of Interest No. FM6i/AMI/01/23, the Mohammed VI Investment Fund (FM6I) has announced the selection of a list of 14 sectoral and thematic fund management companies, whose purpose is to contribute to strengthening the equity of companies, enhancing their capacity to invest, and creating sustainable jobs.

The establishment of these funds constitutes one of the FM6I's main modes of intervention, in accordance with the High Guidelines of His Majesty King Mohammed VI, may God assist Him, contained in His speech of October 9, 2020: "Depending on the areas deemed a priority at each stage and, according to the needs of each sector, the Fund will rely, in its interventions, on specialized sectoral funds attached to it."

19 Billion Dirhams Mobilized to Strengthen Priority Sectors

The 14 selected management companies have succeeded in mobilizing nearly 14.5 billion dirhams in national and international capital, in addition to the allocation provided to them by the FM6I of approximately 4.5 billion dirhams, resulting in a total size of 19 billion dirhams and a multiplier effect exceeding four times (4x).

These management companies ensure broad coverage of the national economy's priority sectors in line with the FM6I's investment policy, through three (3) funds specialized in industry, one (1) in agriculture and agro-industry, two (2) in tourism, one (1) in transport and logistics, and seven (7) generalist funds. The generalist funds have, in turn, been segmented by target investment ticket sizes so that companies, especially SMEs, can find offers suited to their needs.

The selected management companies also present diversified and complementary profiles, including nine (9) national management companies and five (5) international management companies.

The funds are domiciled in Morocco, either autonomously or twinned with foreign funds, and the international management companies are establishing local teams. This will contribute to the emergence of an expertise ecosystem for private equity fund management in our country and to the development of "Morocco" as a regional and continental hub in this field.

As a signatory of the UN Principles for Responsible Investment, the FM6I is committed to promoting the highest international standards in Environmental, Social, and Governance (ESG) matters. Particular attention is paid to this within the framework of the selection and monitoring of management companies.

The list of the 14 selected management companies can be consulted on the FM6I website: www.fm6i.ma.