The Government Institutions Pension Funds(GIPF) market value has in grown in size more than four times over the past 10 years and has reached the N$ 50 billion mark at the end of 31 March this year. This makes up the 61 per cent of the Namibian GDP, 75 per cent of the total market value of the investments of the financial sectors services and 86 percent of the market value of the total investments of the pension funds industry in Namibia. The market value of the Fund has grown from N$ 46 billion in 2011 to N$ 50 billion. The fund has now a N$5 million obligation per year towards its retired members but over 35 years with a 6 per cent inflation rate cash flows required will be N$ 12 billion. According to Conville Britzz, the General Manager at GIPF,in the Finance and Investments, he painted a more positive picture on the funds unlisted investments compared to the last few years where more than N$ 600 million disappeared from the GIPF’s Development Capital Portfolio(DCP). This, he ascribed to a much more transparent and much more effective unlisted investment policy, which by the end of March this year invested an amount of N$ 276 million in Africa through a credit asset manger South Suez Africa Fund. This is the first Pan African private equity fund-of-funds on the continent and is the leading fund of its kind in Africa with US$250 million in assets under management following its fourth Close. Conclusion The GIPF is invested a maximum of 10 per cent of its total assets in unlisted investments in Namibia to stem the capital outflow from the country and to ensure that Namibian savings are invested in the Namibian economy.