Launch of the Colombus 1 Fund managed by Red Med Private Equity.
Red Med Private Equity (RMPE) has just launched Colombus 1, its first venture capital fund approved by the AMMC under the number AG/SPCC/001/2022 on April 19th, 2022 targeting primarily Moroccan SMEs and companies, with a first raise of 300 million dirhams.
Colombus 1 is the result of Red Med Capital’s strategic vision to position itself as an integrated group around the corporate finance, asset management, private equity and securities brokerage businesses, coupled with an entrepreneurial project led by a finance professional, Mohamed Nasset.
The Fund, with a maximum size of 1.1 billion dirhams, prioritizes the support of national SMEs, characterized by chronic under-capitalization largely exacerbated during the COVID crisis, through investment tickets primarily between 30 and 90 million dirhams. Colombus 1’s strategy focuses on companies active in sectors driven by local consumption, by working with SMEs and companies with solid economic models in value-creating development or transmission projects.
It is therefore natural to find in the initial closing roundtable of Colombus 1 leading national institutional and private players, including the Moroccan Retirement Fund (CMR), Al Barid Bank, Best Financière, CAT Assurance & Reinsurance and CNSS (via a dedicated fund). All of them share the willingness to support national SMEs and companies in their local and regional development, promote “Made in Morocco” and participate in the creation and sustainability of jobs in our country.
With a firmly local focus 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 of investment experts able to assist entrepreneurs in implementing ambitious development projects and recognized expertise in consumption-related sectors made available to targets. This support aims, beyond the expected financial return, to sustain the jobs of invested companies and turn them into future national champions.
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