The Libyan Investment Authority (LIA) was established in 2006 after the end of economic sanctions previously precluding foreign investment in Libya. LIA is Africa’s largest SWF and is a coalition of over 550 assets held in five subsidiaries. Its organizational structure is divided into direct investments and subsidiaries, including LLIDF for the domestic portfolio, and LAFICO, LAIP, LTIP, LFIC and Oilinvest for the international portfolio.