AlterMed Maghreb fund finds limited partner in Morocco-based bank Credit Agricole du Maroc.
Morocco-based bank Credit Agricole du Maroc will become a €3m ($4.1m) limited partner in Viveris Management’s AlterMed Maghreb venture capital fund.
The International Financial Corporation, part of the World Bank, backed AlterMed’s €75m fund raised in early 2008 that invests in the region (see picture).
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