Despite losing a potential sum of P450 million from the private equity investment in Botswana Opportunity Partnership (BOP), Botswana Public Officers Pensions Fund (BPOPF) remains financially strong with assets over P61 billion as at March 31, 2018. BPOPF currently has investments locally and offshore with a mix of approximately 40/60, and the latest actuarial valuation reflects a positive funding level with a surplus. The revelation was made by Minister for Presidential Affairs, Governance and Public Administration Nonofo Molefhi when responding to a question from Gabane/Mmankgodi MP Pius Mokgware last Thursday. “The Fund is invested in all asset classes being listed equities and bonds, real estate alternative investments,” he said. BOP is a private equity fund that was operated by Capital Management Botswana (CMB) who are currently locked in a bruising legal battle with BPOPF over the management of the fund. BPOPF is fighting to convince court to appoint a statutory manager to enable a thorough investigation into the affairs of BOP. BPOPF is also seeking to recover losses from CMB with respect to the remaining assets being investments in Bona Life, Kawena, Agile University and Makuba Airlines.