Libyan Investment Authority

Libya US$ 65 Billion
Established: 2006
Transparency Rating: 1
View Sovereign Fund Transaction Data
View Asset Allocation		 Origin: Oil
Firm Investment Style: Mixed
Entity Structure: Fund
Population Est.: 6 million – 2013
Wealth Per Capita Est.: $10,829
Summary
It was established on August 2006 and the assets of the Libyan Arab Foreign Investment Company, the Libyan African Investment Portfolio and Oilinvest Company were transferred into it. In addition, excess oil revenues are transferred to the Libyan Investment Authority. The fund invests through a number of external managers. LIA may make investments locally.

Background
For decades Libyan reserves from oil revenues was deposited in financial institutions yielding decent interest. In the recent decade, prevailing rates have dropped which has forced the government of Libya to invest in financial assets with higher returns. The General Popular Committee established the Libyan Investment Authority.

Strategy & Objectives
Before the Libyan Revolution, the fund invested in a variety of asset classes, including taking direct stakes in companies

Governance
It is overseen by the government of Libya.

Sovereign Wealth Enterprises:
AUM amounts are prior to 5/17/2011

Long Term Investment Portfolio

Created in 1982, this portfolio of assets is around 10 billion USD. Most of which are invested in portfolios with financial institutions, real estate and cash deposits.

Libyan African Investment Portfolio

The fund has around $5.2 billion USD in capital and was created by the Libyan government in February 2006. It is a sovereign wealth enterprise (SWE) of the Libyan Investment Authority.

Significant holdings include:
OiLibya
Afriqiyah Airways
Sahel-Saharan Investment and Trade Bank (BISC)
LAP Green Network
Libyan Arab African Investment Trade Company
Libyan African Portfolio (Suisse) SA

Libyan Arab Foreign Investment Company (Lafico)

Founded in 1981 and controlled by the Central Bank of Libya, The Libyan Arab Foreign Investment Company (Lafico) is a Tripoli, Libyan Arab Jamahiriya-based investment management firm. The firm focuses on industrial, commerce, agriculture, tourism, and real state sectors and invests globally. They have a branch office in Rome. It has around $1.8 billion in AUM.

Oil Invest Company

This entity controls refineries in Europe and in addition controls around 3000 gas stations in Europe. It has around $940 million worth of assets.

DALIA Advisory Limited

Incorporated in July 2009, it is the UK arm of the LIA.

Major Direct Foreign Investments (Public)

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Major Direct Foreign Investments (Private)

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