Red Med Private Equity (RMPE) has just launched Colombus 1, its first OPCC private equity fund approved by the AMMC under number AG/SPCC/001/2022 dated April 19, 2022, primarily targeting Moroccan SMEs and companies , with an initial fundraising of 300 million dirhams.
Colombus 1 was born from the strategic vision of Red Med Capital to position itself as an integrated group around the businesses of corporate finance, asset management, private equity and stock market intermediation, coupled with an entrepreneurial project led by a finance professional, Mohamed Nasset.
The Fund, with a maximum size of 1.1 billion dirhams, aims primarily to support national SMEs, characterized by chronic under-capitalization greatly aggravated during the COVID crisis, through investment tickets located mainly between 30 and 90 million dirhams. Colombus 1’s strategy focuses on companies active in particular in sectors driven by local consumption, by intervening with SMEs and companies with solid economic models in value-creating development or transmission projects.
It is therefore natural to find in the round table of the initial closing of Colombus 1 institutional and private national players of the first order, in particular the Moroccan Pension Fund (CMR), Al Barid Bank, Best Financière, CAT Assurance & Réassurance and the CNSS (via a dedicated fund), who all share the desire to support SMEs and national companies in their local and regional development, to promote Made in Morocco and to participate in the creation and sustainability of jobs in our country .
With resolutely local roots and operational standards in line with international requirements, RMPE will be able to provide tailor-made support to Moroccan SMEs and companies, thanks in particular to a management team comprising investment experts to support entrepreneurs in the implementation of ambitious development projects and recognized expertise in consumer-related sectors made available to targets. This support will aim, beyond the expected financial return, to sustain the jobs of the invested companies and to make them future national champions.
Colombus 1 intends to make its first investments in the next few months and aims to achieve, in parallel with its investments, the final closing of the Fund during the first half of 2023.