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Morocco’s Private‑Equity Boom Powers a Growing IPO Pipeline and Boosts Market Liquidity

<p>Private‑equity funds are rapidly becoming the main pipeline for future listings on the Casablanca Stock Exchange. Data from the Moroccan Association of Capital Investors (AMIC) show that companies backed by PE funds grew revenues by an average of 20.5 % in 2024, with ICT and health sectors posting the strongest gains. Capital deployment reached MAD 3.9 bn in 2024 and total fundraising since 2018 has climbed to almost MAD 13.8 bn – a 50 % jump over the previous generation.</p> <p>IPO exits now account for roughly 22 % of private‑equity exits, and governance standards of portfolio companies have markedly improved, lowering risk premiums for public investors. With more than 160 firms under AMIC‑member funds and an average hold period of six years, a steady stream of IPO candidates is expected between 2026‑2028, supported by the Mohammed VI Fund, UM6P Ventures and Al Mada Ventures.</p>

January 18th, 2026
4 min read
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Private‑equity funds are rapidly becoming the main pipeline for future listings on the Casablanca Stock Exchange. Data from the Moroccan Association of Capital Investors (AMIC) show that companies backed by PE funds grew revenues by an average of 20.5 % in 2024, with ICT and health sectors posting the strongest gains. Capital deployment reached MAD 3.9 bn in 2024 and total fundraising since 2018 has climbed to almost MAD 13.8 bn – a 50 % jump over the previous generation.

IPO exits now account for roughly 22 % of private‑equity exits, and governance standards of portfolio companies have markedly improved, lowering risk premiums for public investors. With more than 160 firms under AMIC‑member funds and an average hold period of six years, a steady stream of IPO candidates is expected between 2026‑2028, supported by the Mohammed VI Fund, UM6P Ventures and Al Mada Ventures.

<p>Private‑equity funds are rapidly becoming the main pipeline for future listings on the Casablanca Stock Exchange. Data from the Moroccan Association of Capital Investors (AMIC) show that companies backed by PE funds grew revenues by an average of 20.5 % in 2024, with ICT and health sectors posting the strongest gains. Capital deployment reached MAD 3.9 bn in 2024 and total fundraising since 2018 has climbed to almost MAD 13.8 bn – a 50 % jump over the previous generation.</p> <p>IPO exits now account for roughly 22 % of private‑equity exits, and governance standards of portfolio companies have markedly improved, lowering risk premiums for public investors. With more than 160 firms under AMIC‑member funds and an average hold period of six years, a steady stream of IPO candidates is expected between 2026‑2028, supported by the Mohammed VI Fund, UM6P Ventures and Al Mada Ventures.</p>

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