Establishing FIPA - The first Private Equity fund in Angola
In Angola’s post-civil war capital market, risk capital was unavailable to small and medium sized companies. Norfund therefore decided to establish Fundo de Investimento Privado - Angola (FIPA), Angola’s first private equity fund. Since the first closing in 2009, FIPA I and II have invested in six companies, including the integrated fishing operation, African Selection Trust.