Fund vehicle

PME Croissance

Compiled from public sources

PME Croissance is an equity fund initiated by the Moroccan government and managed by AfricInvest, a leading pan-African private equity firm, in collaboration with its Moroccan office, MarocInvest. The fund's primary purpose is to address the financing gap hindering the growth of small and medium-sized enterprises (SMEs) in Morocco. It provides capital and support for promising SMEs, assisting them in their establishment, expansion, and transition into larger corporations. The fund prioritises economic growth, job creation, and sustainable industrialisation by promoting innovation within these enterprises. The fund set an initial target size of MAD400 million and achieved a final closed size of MAD432 million.

Manager

MarocInvest

Vintage

2012

Strategy

Private Equity

Target size

$43m

Size

$55m

Status

Closed