Key figures for Norfund
Committed investments in total portfolio (MNOK) 15 127
Capital allocated by the ower (MNOK)1 480
New investments (NOK m)2 395
Total equity (NOK m)15 006
Share of new investments in least developed countries38%
Share of new investments in Africa85%
Internal Rate of Return (IRR) in investment currency3,5%
Internal Rate of Return (IRR) in NOK18,7%
Ratio of cash to equity8%
Number of direct investments129
Number of companies in portfolio700
Number of employees in Norfund69
Total number of jobs in portfolio companies382 000


Value adjusted equity (as of 30.09.2016)

value adjusted


New investments per year since 2003 (MNOK)

The main drivers of new investments are available capital, the project pipeline and staffing. High year-on-year variations occurs because of the long and complex project development processes. 

New investments per year


Annual return by investment area

IRR per investment area


Norfund's audited results for 2015*

audited results 2015

* Detailed accounts are published in our annual report that is found here** Excluding currency effects. With foreign exchange effects, the write downs in 2015 were 139 MNOK