Norfund, a Norwegian state-owned financial services firm, invests in development projects globally.
Location
Oslo, NO
Founded
1997
Norfund, established by the Norwegian Storting in 1997 and owned by the Norwegian Ministry of Foreign Affairs, is a development finance institution headquartered in Oslo, Norway. The firm focuses on investing in developing countries with the aim of creating jobs, improving lives, and supporting the transition to net zero. Norfund's investment areas include Renewable Energy, Financial Inclusion, Scalable Enterprises, and Green Infrastructure. The fund typically engages in various investment rounds such as private equity, debt financing, and grants.
Key portfolio companies include D.Light Design, Ecobank, Globeleq, and Wave. The firm is led by CEO Tellef Thorleifsson and Chair Olaug Svarva. Norfund's investment philosophy centers on sustainable development and economic growth in emerging markets. They offer unique value-add services such as strategic guidance and local market expertise through their regional offices in Thailand, Costa Rica, Kenya, South Africa, Bangkok, and Ghana.
Norfund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
