Angola Sovereign Wealth Fund commits to BFA's private debt fund
Angola Sovereign Wealth Fund commits to BFA's private debt fund
The Angola Sovereign Wealth Fund (FSDEA) has formalised its entry into the Kimbo Fund, managed by BFA Asset Management.
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The Angola Sovereign Wealth Fund (FSDEA) has formalised its entry into the Kimbo Fund, an Angolan private debt fund managed by BFA Asset Management (BFAAM), with an equity investment of $5 million.
This investment will allow BFAAM’s Kimbo Fund to invest in businesses with high growth potential that generate income and are tackling key challenges in the local market aligned with the national economic diversification programme, including downstream agribusiness and logistics.
This equity commitment is expected to also help BFAAM to raise additional capital from other investors including the country’s pension funds, high-net-worth individuals, insurers, and foreign institutional investors.
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