CDG Capital
CDG Capital is the investment banking arm of Morocco's Groupe CDG, providing corporate advisory, debt and equity finance, capital market services, and asset management (215B MAD AUM) to large Moroccan corporates, government entities, and institutional investors.
- Company typePrivate
- Founded2006
- HeadquartersRabat, Morocco
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CDG Capital does
CDG Capital is the investment banking subsidiary of Groupe CDG (Caisse de Dépôt et de Gestion), Morocco's national deposit and public development finance institution. Headquartered in Rabat and operating three core business lines, the bank holds dominant positions across Moroccan capital markets: 42% market share in bond emissions, #1 ranking as private debt operator and bond depositary, and 215 billion MAD in assets under management through its wholly-owned subsidiary CDG Capital Gestion. The bank serves large Moroccan corporates, state-owned enterprises, public institutions, and institutional investors including pension funds and insurance companies. Customer mandates span diverse sectors including mining (OCP, Phosboucraa), water infrastructure (OCP Green Water), railway (ONCF), reinsurance (SCR), pensions (CMR), and automotive finance (SOFAC).
CDG Capital firmographics
Firmographics- Name
- CDG Capital
- Legal name
- CDG Capital
- Website
- https://cdgcapital.ma
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CDG Capital is the investment banking arm of Morocco's Groupe CDG, providing corporate advisory, debt and equity finance, capital market services, and asset management (215B MAD AUM) to large Moroccan corporates, government entities, and institutional investors.
- Ownership category
- akta.pro rank
CDG Capital industry classification
Industry- Product category
- Investment Banking
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Collateralized Debt Obligations (CDO/CBO/CFO) (FSACACAD)
Keywords
Where CDG Capital is headquartered
LocationHeadquarters
- HQ city
- Rabat
- HQ country
- Morocco
- HQ region
- Africa
Offices1 record
Markets served
CDG Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Banking / Corporate Advisory: Fees earned from advising large corporates, public institutions, and government entities on financing strategies, M&A advisory, and capital structure optimization. Revenue derived from structuring and arranging debt and equity financing mandates.
- Asset Management (Investment Management): Management fees and performance fees from managing institutional assets under mandate. CDG Capital manages 215 billion dirhams in assets for pension funds, insurance companies, and institutional investors through its subsidiary CDG Capital Gestion.
- Capital Market Services: Revenues from bond placement syndicate fees, depository services, and securities administration. The bank serves as the #1 private debt operator and leading bond depositary in Morocco.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
CDG Capital product offering
Product offeringCore offering
CDG Capital is a Moroccan boutique investment bank that provides corporate and investment banking services including debt and equity financing, capital market intermediation (bond issuance, depositary and securities services), and institutional asset management (215 billion MAD AUM through subsidiary CDG Capital Gestion). It serves large Moroccan corporates, state-owned enterprises, public institutions, and institutional investors with advisory, structuring, placement, and ongoing asset management mandates, alongside sustainable/green finance enabled by Green Climate Fund accreditation.
Product overview
CDG Capital is a Moroccan investment bank and financing institution operating as part of the CDG Group. The company offers three core business lines: Investment Management (managing institutional assets worth 215 GDH), Debt & Equity Finance (corporate investment banking with 42% market share in bond emissions), and Capital Market Services (custody and securities services as Morocco's #1 bond depositary). The bank operates through its subsidiary CDG Capital Gestion for OPCVM and alternative asset management, and maintains CDG Capital Insight for economic research. The institution is also accredited by the Green Climate Fund for sustainable finance operations, with a focus on financing infrastructure, public-private partnerships, and green projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Management
- Debt & Equity Finance (Corporate & Investment Banking)
- Capital Market Services
- Sustainable Finance (Finance Durable)
- Public-Private Partnership (PPP) Advisory
Quantifiable outcome
- 42% market share - leader on bond emissions in Morocco
- +4 more outcomes
Companies that use CDG Capital
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
CDG Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CDG Capital partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered strategic and core.
- Caisse des Dépôts et Consignations de Côte d'Ivoire (CDC-CI)strategicCDG Capital and CDC-CI signed a cooperation convention on October 18, 2022 for technical assistance in setting up the Long-Term Investment Facility (Facilité d'Investissement à Long Terme - FILT). This partnership supports capacity building and knowledge exchange between the two institutions.
- Green Climate Fund (GCF) - Joint IDFC PublicationstrategicIDFC and GCF published a joint report highlighting synergies created by their partnership to help development banks finance green and climate-resilient transitions. CDG Capital played a leading role in this collaboration as the first MENA-accredited GCF entity and active IDFC member.
- UN Environment Programme Finance Initiative (UNEP FI)coreCDG Capital became an official member of UNEP FI, a partnership between UN Environment and the global financial sector since 1992. The membership provides a platform for knowledge sharing and best practices to catalyze sustainable finance. CDG Capital participates in UNEP FI working groups and initiatives.
- Société Financière Internationale (SFI / IFC - World Bank Group)coreCDG Capital and IFC signed a Memorandum of Understanding (MoU) for joint financial advisory services in Public-Private Partnerships (PPP). The partnership enables CDG Capital and IFC to provide advisory services to ministries, public enterprises, and public sector agencies for structuring PPP infrastructure and public service projects in Morocco.
- International Development Finance Club (IDFC)coreCDG Capital is an active member of IDFC, a group of 26 national and regional development banks worldwide committed to aligning activities with the Paris Agreement. CDG Capital holds a preeminent role in the network and contributes to strategic studies on development finance and sustainable development objectives at 2030 horizon. The bank presented research on the evolving role of development banks at IDFC annual meetings.
- Vigeo EirisstrategicVigeo Eiris, a leading European and Moroccan RSE rating and audit agency, conducted the ISO 26000 maturity assessment for CDG Capital. The agency designed the ISO 26000 framework adapted to each sector and draws on a unique database of over 4,000 listed companies for benchmarking.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
CDG Capital competitors and assessment
Company assessmentBroad incumbents
- BMCI: BNP Paribas subsidiary operating in Morocco with corporate banking, capital markets, and asset management capabilities. International backing provides broader product reach than CDG Capital, including cross-border capabilities for Moroccan corporates seeking international finance.
- Banque Populaire du Maroc: Major Moroccan banking group with capital markets, depositary, and advisory activities through subsidiaries. Competes with CDG Capital across multiple product lines but as part of a much larger cooperative banking franchise with broader retail footprint.
- Attijariwafa bank: Largest private-sector banking group in Morocco with full-service capabilities spanning commercial banking, investment banking (via Attijari Finances Corp), and asset management (via Wafa Gestion). Larger and more diversified than CDG Capital but overlaps in capital markets and institutional asset management.
- Société Générale Marocaine de Banques: Major Moroccan bank with Société Générale as international parent, offering investment banking and capital markets services. Competes with CDG Capital for mid-to-large cap mandates and brings international product capabilities through its parent.
Others
- IFC (International Finance Corporation): World Bank Group member focused on private sector development in emerging markets. Comparable institutional mandate to CDG Capital's public-development affiliation, and formal PPP advisory partner (MoU signed 2018). Sister-institution rather than direct competitor.
Direct peers
- Wafa Gestion: Asset management subsidiary of Attijariwafa bank, managing institutional and retail OPCVM funds in Morocco. Directly competes with CDG Capital Gestion for pension fund, insurance company, and institutional asset management mandates in the Moroccan market.
- Attijari Finances Corp: Investment banking arm of Attijariwafa bank, Morocco's largest banking group. Directly competes with CDG Capital in Moroccan corporate advisory, debt issuance, and asset management, serving the same segments of large corporates and institutional investors.
- BMCE Capital (Bank of Africa): Investment banking arm of Bank of Africa (formerly BMCE Bank of Africa). Directly comparable as a Moroccan IB offering advisory, capital markets, and structured finance solutions competing with CDG Capital for the same large-corporate and public-institution mandates.
- Upline Capital: Moroccan boutique investment bank offering M&A advisory and capital markets services. Similar boutique scale and focus on Moroccan mid-to-large cap corporates; competes head-to-head with CDG Capital on advisory mandates.
Regional players
- EBRD (European Bank for Reconstruction and Development): International development bank investing across emerging markets including the southern and eastern Mediterranean region. Comparable DFI mandate with similar climate-finance and PPP capabilities to CDG Capital, but operates across different geographies with similar institutional banking model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
CDG Capital social profiles
Digital presenceCDG Capital compliance and trust
Trust signalCompliance5 records
CDG Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
CDG Capital leadership team
Management profileNumber of profiles
Profiles19 records
CDG Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
CDG Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CDG Capital M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CDG Capital
What does CDG Capital do?
CDG Capital is a Moroccan boutique investment bank that provides corporate and investment banking services including debt and equity financing, capital market intermediation (bond issuance, depositary and securities services), and institutional asset management (215 billion MAD AUM through subsidiary CDG Capital Gestion). It serves large Moroccan corporates, state-owned enterprises, public institutions, and institutional investors with advisory, structuring, placement, and ongoing asset management mandates, alongside sustainable/green finance enabled by Green Climate Fund accreditation.
Is CDG Capital a public or private company?
CDG Capital is a private company. It is classified as corporate owned and is currently operating.
When was CDG Capital founded?
CDG Capital was founded in 2006. It employs 11 to 50 people.
Where is CDG Capital based?
CDG Capital is headquartered in Rabat, Morocco, in the Africa region.
How does CDG Capital make money?
Three revenue lines are on record. Investment Banking / Corporate Advisory is the primary driver. The others are asset Management (Investment Management) and capital Market Services.
Who are CDG Capital's main competitors?
Broad incumbents on record are BMCI, Banque Populaire du Maroc, Attijariwafa bank and Société Générale Marocaine de Banques. IFC (International Finance Corporation) is listed as an others. Direct peers are Wafa Gestion, Attijari Finances Corp, BMCE Capital (Bank of Africa) and Upline Capital. EBRD (European Bank for Reconstruction and Development) is listed as a regional player.
Does CDG Capital have an API?
No public API is recorded for CDG Capital.
What industry is CDG Capital in?
CDG Capital's product category is Investment Banking. Its primary akta.pro industry code is FSACACAD, Collateralized Debt Obligations (CDO/CBO/CFO). Its NAICS code is 523940 and its SIC code is 6199.