FIPA is a private equity fund promoted by Norfund and BAI, a local, private commercial Angolan bank. FIPA’s objective is to invest in local enterprises in Angola, thus overcoming the lack of equity/venture capital and similar instruments in the country. It is the first private equity fund in Angola focusing on investments in established and/or start-up local SMEs. Target size of the fund is USD 100m, with investments taking the form of equity, preference shares or loan instruments.
- Fund size
- 39m
- Geography
- Southern Africa
- Sector(s)
- Generalist
- Vintage year
- 2010
- EIB commitment
- USD 6m
- Website
- http://www.angolacapitalpartners.com/en/funds/fipa.html