The Government Pension Institutions Fund (GIPF) says it has recovered all its more than N$661,2 million invested in 21 unlisted companies through its Development Capital Portfolio (DPC) between 1995 to 2005. Its chief executive officer David Nuyoma, however, says this money was only recovered from some companies while about 13 companies did not pay back and GIPF had to recover some of the funds through liquidating those who failed to pay. Three of the companies to which loans were advanced did not pay back any cent which amounted to N$27 million. A media briefing was to put in perspective the recent statement by the Prosecutor General on the developments in the investigations into the narrative that the GIPF lost over 600 million through the Development Capital Portfolio.