Wessal Capital, the €2.5 billion Moroccan private equity-style vehicle backed by five sovereign-linked investors, is seeking private equity partners for co-investments in the country.

Tarik Senhaji, chief executive of the Moroccan Fund for Tourism and a board member of Wessal Capital, said that the firm was in talks with US-based private equity firms but would also look for European buyout firms to partner with on investments in Morocco.