Valoris’s first private equity fund launches with $28mln

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Valoris Capital has announced the launch and initial closing of its first private equity fund, raising MAD 300 million (or approximately $28 million) from a mix of private and public sector pension funds, banking organizations, and insurance companies. The Casablanca-based investment firm is aiming to raise a total of $75 million for the Valoris Equity Fund (or VEF) which will be invested in Moroccan businesses.

VEF’s strategy is to invest between MAD 20 million and MAD 75 million (or approximately between $2 million to $7 million) in each of its investments, taking either significant minority or majority stakes in the businesses it backs. The fund, which is sector-agnostic, will back entrepreneurs and companies at all stages of their life cycle and will work closely with its investees to help their management teams build value in their companies.

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