Libyan Investment Authority

Libya US$ 66 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2006
Transparency Rating: 1
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Firm Investment Style: Mixed
Entity Structure: Fund
Population Est.: 6 million – 2013
Wealth Per Capita Est.: $11,000

Fund Details

Strategy & Objectives

SWF Asset Allocation (undergoing major change)

Fixed Income Managers

Alternative Managers

Fund Commitments

Key Executives and People

Main Office
The Libyan Investment Authority
Tripoli Tower
Borgaiba Street, 22nd Floor
Tarabulus
Libya
Tel: +218 21-336-2091
Fax: +218 21-336-2084

Mailing Address
P.O.Box: 93099
Tripoli
Libya

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Governance
It is overseen by the government of Libya through a board of directors and board of trustees.

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.

Updates – NEW STRUCTURE
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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.

In 1981, the Libyan government created LFICO’s predecessor, the Libyan Arab Foreign Investment Company, for the purpose of investing Libyan money outside of Libya. The entity soon became the Libyan Foreign Investment Company (LFICO). The LIA is currently the sole shareholder of LFICO.

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Major Direct Foreign Investments (Public)

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Major Direct Foreign Investments (Private)
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