The local fund management company belonging to the global firm A.P. Moller Capital, operating under the trade name APM Capital Morocco S.A., has completed the final closing of its new financial vehicle, known as APM Capital Morocco Fund. The formal operations for the closure of this investment instrument, exclusively focused on the Moroccan transport and logistics market, were carried out on February 18, 2026, with communications issued simultaneously from the cities of Copenhagen and Casablanca.
The formation of this capital fund has been established as part of the initiative promoted by the Mohammed VI Investment Fund, an institutional mechanism that aims primarily to catalyze investments, accelerate economic growth, and promote job creation in the territory. The capital structure has included the direct participation of various top-tier institutional investors, both of Moroccan origin and from foreign markets.
In quantitative terms, the fund has closed its fundraising period reaching total commitments amounting to 1.640 billion Moroccan dirhams. This financial amount represents approximately 178 million US dollars, calculated according to the exchange rate applied for these operations. This principal injection of funds has been supplemented by an additional capital commitment made through the A.P. Moller Capital Emerging Markets Infrastructure Fund II K/S (EMIF II). This second instrument, a capital fund structured in Denmark and also managed by A.P. Moller Capital, has contributed an additional amount of 600 million Moroccan dirhams to the project, which is equivalent to about 65 million US dollars.
The combination of both financial contributions has increased the total capital available for direct investment in the Moroccan transport and logistics sector to 2.240 billion Moroccan dirhams, positioning the global volume of resources around 243 million US dollars. All monetary conversion calculations provided by the firm have been made establishing an approximate exchange rate of 9.2 Moroccan dirhams per each US dollar.
The operational direction and daily management of the fund fall under APM Capital Morocco S.A., the local management entity that has the authorization and regulatory supervision of the Moroccan Capital Market Authority (AMMC). At the helm of this management company is the CEO Ghislane Guedira, who assumes the executive responsibility of channeling resources towards companies in the transport and logistics sector operating within Moroccan borders.
The management team has configured a portfolio of projects in development, described as deep and active, that contemplates investment operations in specific segments of the supply chain. Among the identified areas of interest are international express logistics, third-party logistics services, technical handling of air cargo, and cold storage infrastructures.
The CEO of the local manager, Ghislane Guedira, has stated that the implemented strategy mobilizes capital, both of national and international origin, towards Morocco's logistics and transport framework. According to the executive's statements, the operations will be based on combining the global experience of the parent A.P. Moller Capital with the technical knowledge of specialists on the ground. The objective of this conjunction of capabilities is to develop and scale companies that exhibit a high level of quality, providing sustained support to their long-term operational performance and commercial growth.
For his part, the CEO of A.P. Moller Capital, Kim Fejfer, has clarified that the Moroccan market constitutes a strategic priority for the investment company. This preferential position is backed by the strength of the country’s macroeconomic fundamentals, the increase in recorded near-shoring activities, and the sustained investment that administrations have allocated to transport and logistics infrastructures. Fejfer has indicated that the entity has a deep knowledge of this market for a long time, having completed investments throughout a complete financial cycle. This previous industrial and operational experience has been the determining factor for the Mohammed VI Investment Fund to select the fund manager to deploy long-term capital in sectors considered attractive.
The investor group has an established operational history in the Moroccan territory, with a historical focus on infrastructures related to transport, logistics, and energy. Among the previous corporate movements of A.P. Moller Capital in the country is the investment executed in the company Mass Céréales Al Maghreb. This financial operation definitively concluded in 2025 after the complete exit of capital by the manager. In parallel, the entity has maintained its involvement in the development of port-related infrastructures and enabler projects that provide support to the energy transition policies implemented in Morocco.
A.P. Moller Capital, the parent company of the local manager, operates as a global manager of institutional funds whose activity focuses on scaling the critical infrastructure needs in the areas of transport, logistics, and energy transition. The organization invests and develops businesses that support sustainable economic growth in its various markets of operation. Simultaneously, the firm seeks to provide consistent and attractive investment returns for the participants in its funds. The company A.P. Moller Capital P/S, integrated into the corporate structure of the A.P. Moller Group, conducts its activity under the formal authorization of the Danish Financial Supervisory Authority.