Adil Rzal

Managing Director

Upline Alternative Investments


Adil Rzal, President of the Moroccan Private Equity and Venture Capital Association (AMIC) and Managing Director of Upline Alternative Investments

Appointed Managing Director in 2016 of Upline Alternative Investments, a subsidiary of the Banque Populaire Group, where he had been managing, since 2007, the private equity activity with a total of € 100 million in assets under management spread over a portfolio of twenty companies operating in several sectors, he also manages the fund of funds of the Group whose size reaches € 200 million and monitors its unlisted investments in real estate, tourism and phosphate industry worth € 400 million. Since 2018, his responsibilities have been extended to the development and management of the Alhif fund which has € 140 million commitment in the real estate and tourism sectors.

He started his career in 1998, in Paris, at PwC and then, Ernst & Young before joining Plastic Omnium, a leader in plastic automotive equipment, as Deputy Chief Finance Officer and led international audit assignments. He graduated in Engineering from the Ecole Centrale Paris and is certified by the Moroccan Institute of Administrators (IMA).

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