Summary sheet
Angola Capital Partners (ACP), a joint venture between Banco Africano de Investimento (BAI) and Norfund (Norway). ACP will originate, implement, manage and realise investments on behalf of FIPA. ACP Management will include from the start three investment executives, already identified.
FIPA will be a private equity fund promoted by Norfund and BAI, a local, private commercial Angolan bank. FIPA’s objective will be to invest in local enterprises in Angola, thus overcoming the lack of equity/venture capital and similar instruments in the country.
FIPA will be 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 100 million., investments will take the form of equity, preference shares or loan instruments.
Not available.
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