Capital North Africa Venture Fund II is the follow-on fund of CNAV I in which EIB invested in 2006. The Luxemburg based fund will seek to make investments in medium-sized companies mainly in Morocco, but will also have the opportunity to invest to a limited extent in the other Maghreb countries (Algeria, Tunisia, Egypt) and West-Africa. The Fund is managed by Capital Invest Group, a public company limited by shares (‘societe anonyme’), registered under the laws of Luxembourg.