# Botswana Public Officers Pension Fund

Botswana Public Officers Pension Fund is a Pension Fund based in Gaborone, Botswana.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Gaborone, Botswana
- **Region:** Africa
- **Address:** Unit 3, Second Floor Peelo Place, Plot 54366, Gaborone, Botswana
- **Founded:** 2001
- **Assets under management:** BWP 100 Bn
- **Website:** bpopf.co.bw
- **LinkedIn:** https://www.linkedin.com/company/botswanapublicofficerspensionfund

## Regulatory record

- **Reports private funds:** No

## About

Botswana Public Officers Pension Fund was founded in 2001 as the dedicated retirement vehicle for Botswana's public service employees. It operates under the oversight of the Non-Bank Financial Institutions Regulatory Authority. Gaone Macholo chairs the board of trustees. The fund allocates across private equity, real estate, infrastructure and listed equities. Private equity exposure stands at 7.01 percent. Confirmed holdings include a 73 percent stake in Mascom Wireless Botswana through Deci Investments, the Hilton Garden Inn Gaborone, and equity in Tlou Energy for the Lesedi Gas-to-Power project. Additional commitments run to Vaaka Partners in Finland and African Development Partners II. Geographic reach centers on Botswana with selected exposure across Southern Africa. Assets include the Peelo Place mixed-use development and Ghanzi commercial lots acquired in 2023. The fund maintains relationships with asset managers including Allan Gray Botswana, Ninety One and Vunani Fund Managers. August 2024: Held media briefing on annual financial results, AUM growth, and infrastructure investment strategy. The fund's Incubation Policy directs over BWP 5 billion toward emerging local investment managers. This structure creates a distinct channel for domestic manager development while the fund remains the primary co-investor with the Government of Botswana on national infrastructure projects.

## Sectors

- Diversified

## People

- Moemedi Malindah — Chief Executive Officer

## Questions

### Who runs investment decisions at Botswana Public Officers Pension Fund?

Tshephang Loeto holds the Chief Investment Officer role. The board of trustees, chaired by Gaone Macholo, sets overall policy.

### Does Botswana Public Officers Pension Fund participate in fund commitments or only direct deals?

The fund acts as limited partner in private equity vehicles including Vaaka Partners and African Development Partners II while also holding direct stakes such as Mascom Wireless Botswana.

### What investment stages does Botswana Public Officers Pension Fund typically target?

The fund targets buyout and growth strategies through its private equity allocation and direct holdings.

### How is Botswana Public Officers Pension Fund related to the Government of Botswana?

The fund serves as the primary pension vehicle for public service employees and has provided a BWP 3 billion loan facility to the government for salary obligations.

### Which sectors does Botswana Public Officers Pension Fund explicitly avoid?

No explicit avoidance sectors are stated in available records.

### What is Botswana Public Officers Pension Fund's known posture on co-investments alongside external GPs?

The fund co-invests through its Incubation Policy with emerging managers and participates in infrastructure projects alongside the government.

## Related profiles

- [Center for Technological & Industrial Development](https://altss.com/profile/center-for-technological-industrial-development)
- [British Steel Pension Scheme](https://altss.com/profile/british-steel-pension-scheme)

---

Last updated: 2026-07-08T20:58:21.917Z

Canonical page: https://altss.com/profile/botswana-public-officers-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology