Capital North Africa Venture Fund S.A.S

Equity : January 2006

Capital North Africa Venture Fund is a private equity fund which made equity and equity-related investments in small and medium-sized enterprises (SMEs) located in Morocco.

Amount

€ 3,000,000.00

Type of investment

Equity

Development impacts

Local economic growth
Private sector consolidation/innovation

Beneficiary locations

Middle East & North Africa: Morocco

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Capital North Africa Venture Fund S.A.S

The investments include companies in diversified sectors (services, construction, agrobusiness, etc.). The fund was fully invested by end of 2011.

CNAV is managed by Capital Invest, a fund management company based in Casablanca, Morocco.

Development impacts

Local economic growth
Access to long-term financing for SMEs
Private sector consolidation/innovation
Know-how transfer to investees with regards to management and governance: Capital Invest usually requests to take a seat in the board of the portfolio companies. The presence and the demands of the fund manager oblige the companies to increase their transparence, improve their financial monitoring systems and review the financial impact of their strategy.