The IFC plans to invest $15 million in the Moroccan fund IMG Fund I.
The International Finance Corporation (IFC), a branch of the World Bank Group dedicated to financing the private sector, is set to strengthen its commitment in Morocco with an investment of up to $15 million in the IMG Fund I investment fund.
This initiative underscores the growing interest of international financial institutions in the Moroccan market and the opportunities presented by rapidly expanding domestic companies.
A Fund to Support High-Potential Moroccan Enterprises
Managed by the Moroccan company IMG Capital, the IMG Fund I aims to mobilize up to 1.5 billion dirhams, approximately $162 million, to finance between 7 and 10 Moroccan companies.
The contemplated investments are expected to range between 60 and 200 million dirhams per operation, thus supporting companies at various stages of their development.
A Flexible Investment Strategy
The fund adopts a strategy primarily centered on acquiring minority stakes in targeted companies. However, it also reserves the option to take majority stakes when opportunities show significant potential for value creation.
This flexibility aims to meet the specific needs of companies while maximizing the impact of the investments made.
Targeting Strategic Sectors
IMG Fund I focuses its interventions on several key sectors of the Moroccan economy, including:
- Health
- Consumer Goods
- Digital Infrastructure
- Financial Services
- Education
The fund also pays particular attention to family-owned businesses facing critical stages of their development, such as generational transfers, restructuring, acquisition processes, or expansion projects.
A Successful First Fundraising Round
At the beginning of 2026, IMG Fund I achieved a significant milestone by successfully raising nearly 1.1 billion dirhams in its first fundraising round.
This capital raise received support from several Moroccan institutional investors, including the Mohammed VI Fund for Investment, illustrating confidence in this financial vehicle and the potential for direct investment in Morocco.
IMG Capital: An Emerging Private Equity Player
The fund is managed by IMG Capital, an independent Moroccan company specializing in private equity. Founded in 2023 by entrepreneur Ibrahim Kessous, the company is licensed by the Moroccan Capital Markets Authority (AMMC), further enhancing its credibility with national and international investors.
IFC Aims to Strengthen the Moroccan Financial Ecosystem
Beyond financial contributions, the IFC believes its participation will help broaden the financing sources available for Moroccan enterprises and support the development of the private equity sector in the Kingdom.
The institution also estimates that this initiative could enhance Morocco’s attractiveness to international investors by promoting the emergence of new growth opportunities.
Focus on Governance and Sustainability Support
The IFC’s engagement will extend beyond financing. The institution plans to assist the fund’s management team in adopting international best practices regarding corporate governance, social responsibility, and environmental standards.
This approach aims to ensure the sustainability of the financed companies and improve their long-term performance.
