A.P. Moller Capital Closes USD 243M Morocco-Focused Transport and Logistics Fund

A.P. Moller Capital has closed a Morocco-focused transport and logistics fund with total capital of USD 243 million (MAD 2.24 billion), the firm announced. The vehicle, managed locally by APM Capital Morocco S.A., was set up as part of an initiative by the Mohammed VI Investment Fund and will direct capital into transport and logistics infrastructure to support private-sector growth, job creation and operational expansion across Morocco.

“Morocco is a priority market for A.P. Moller Capital, supported by strong macroeconomic fundamentals, rising near-shoring activity and sustained investment in transport and logistics infrastructure. It is a market we have known well for a long time, where we have invested across a full cycle, and where our industrial and operational expertise led to us being selected by FM6I to deploy long-term capital into attractive sectors,” said Kim Fejfer, CEO of A.P. Moller Capital.

The fund closed with two main commitments: USD 178 million (MAD 1.64 billion) committed via the A.P. Moller Capital – Emerging Markets Infrastructure Fund II K/S (EMIF II), and an additional USD 65 million (MAD 600 million) from a Danish fund also managed by A.P. Moller Capital. Those commitments bring the total capital available under the APM Capital Morocco Fund to USD 243 million.

Investment focus and pipeline

A.P. Moller Capital said the fund will target businesses and infrastructure across the transport and logistics value chain. The firm identified a deep and active pipeline that includes:

• international express logistics
• third-party logistics (3PL)
• air cargo handling
• cold storage

The emphasis on those sub-sectors reflects Morocco’s expanding role in nearshoring and increased trade activity, the firm noted. The vehicle also aims to deepen A.P. Moller Capital’s presence in North Africa by establishing a dedicated pool of long-term capital for the country’s transport and logistics sector, with participation from leading Moroccan and foreign institutional investors.

The announcement referenced the fund management company’s prior track record in Morocco, including its investment in Mass Céréales Al Maghreb, which A.P. Moller Capital said was fully exited in 2025. The firm also pointed to prior involvement in port-related and enabling infrastructure that support Morocco’s energy transition as part of its local experience.

Outlook

With USD 243 million now committed, A.P. Moller Capital is positioned to back operational expansion and job creation in Morocco’s logistics and transport industries, according to the firm. The dedicated fund structure, together with backing from the Mohammed VI Investment Fund and institutional partners, is intended to enable multiyear deployments across projects ranging from express delivery platforms to temperature-controlled storage and air cargo operations.