A.P. Moller Capital completes final close of Morocco transport and logistics fund
APM Capital Morocco will invest in express logistics, 3PL, air cargo handling and cold storage.
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A.P. Moller Capital, a Danish infrastructure fund manager headquartered in Copenhagen, has held a final closing on its APM Capital Morocco Fund. The Morocco-focused transport and logistics investment fund was established under an initiative of the Mohammed VI Investment Fund – a Moroccan sovereign investment fund – with participation from Moroccan and foreign institutional investors.
The fund closed with total commitments of MAD 1.64 billion (about $178 million). A.P. Moller Capital – Emerging Markets Infrastructure Fund II K/S, a Danish fund managed by A.P. Moller Capital, committed an additional MAD 600 million (about $65 million) alongside the fund. This brings total capital available for investment in Morocco’s transport and logistics sector to MAD 2.24 billion (about $243 million).
A.P. Moller Capital has previously invested in Morocco across transport, logistics and energy-related infrastructure. This includes an investment in Mass Céréales al Maghreb, a Casablanca-based grain terminal operator, which the firm exited in 2025.
The fund is managed by APM Capital Morocco, which is led by CEO Ghislane Guedira. The fund’s pipeline includes international express logistics, third-party logistics, air cargo handling and cold storage.
Kim Fejfer, CEO of A.P. Moller Capital, said: “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.”
Ghislane Guedira, CEO of APM Capital Morocco, commented: “The strategy mobilises both domestic and international capital into Morocco’s transport and logistics sector. Combining A.P. Moller Capital’s global experience with strong local expertise on the ground, we will focus on developing and scaling high-quality businesses and supporting their long-term operational performance and growth.”
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