23.05.2016 - Angola SWF raised private equity investment, trims debt exposure in 2015
Angola’s sovereign wealth fund increased its investments in private equity focused on sub-Saharan Africa last year and sharply cut exposure to developed market bonds, the fund said in a statement published on Thursday. The fund said it had $4.7 billion under management at the end of last year, while audited results posted on its website showed it had $4.88 billion at the end of 2014. The fund, known by its Portuguese acronym FSDEA, said 58 percent of the portfolio was invested in funds holding private equity – or unlisted securities and debt – in infrastructure, real estate, agriculture, timber, healthcare, mining and mezzanine capital, according to its investment update...............................................Full Article: Source
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