Fund vehicle

Capmezzanine II

Compiled from public sources

Capmezzanine II SCR is a closed-ended, growth equity and hybrid mezzanine investment fund dedicated to backing high-growth, unlisted small and medium-sized enterprises (SMEs) and mid-caps in Morocco. Domiciled in Morocco as a Société de Capital Risque (SCR) regulated under AMMC rules, the fund is managed by CDG Invest Growth (CIG, formerly CDG Capital Private Equity)—the specialised private equity management arm of Morocco's state-backed institutional investor, Caisse de Dépôt et de Gestion (CDG). Succeeding its predecessor vehicle Capmezzanine I, Capmezzanine II provides expansion capital, mezzanine debt, and structured equity instruments to family-owned businesses, mid-market leaders, and high-margin industrial platforms seeking operational modernisation, C-suite governance elevation, and regional expansion across North and West Africa. The fund achieved a final close of MAD 444.5 million (~€41.5 million / ~$45 million) in December 2015 with institutional backing from CDG alongside international development finance institutions (DFIs) and Moroccan banking partners. Capmezzanine II is 100% deployed across 7 platform investments in healthcare, medical distribution, speciality chemicals, fine catering, office manufacturing, IT cybersecurity, and oncology services, and is actively executing portfolio realisations (including its flagship exit of T2S to Helios Investment Partners in 2021).

Manager

CDG Invest Growth

Vintage

2014

Strategy

Private Equity

Size

$45m

Status

Fully Invested