Norfund is Norway’s Development Finance Institution.
- Norfund's mandate is to support the building of sustainable businesses in poor countries and thereby contribute to economic and social development.
- Norfund is an active strategic minority investor – wholly owned and funded by the Norwegian Government.
- Norfund was founded in 1997 by the Norwegian Government.
By year end 2016, Norfund’s committed portfolio was USD 1,95 billion / NOK 16,8 billion and included more than 770 companies.
Norfund’s strategy is to invest in sectors and countries where we can have the greatest impact, where the private sector is weak and access to capital is scarce.
The priority geographical areas are primarily sub-Saharan Africa, but also some selected countries in South East Asia and Central America.
We invest in three sectors; Clean energy, Financial institutions and Food and Agribusiness. We also invest in Private Equity and Venture Capital Funds that target small- and medium-sized businesses (SMEs) in need of early phase or growth capital.
- When we exit investments, the funds are reinvested in other businesses.
- The average annual return on our investments is 4.9 per cent since inception.
Norfund has 69 employees, 47 in Oslo and 22 in our regional offices.
Norfund is a member of the Association of European Development Finance Institutions (EDFI) together with the 14 other bilateral Development Financial Institutions in Europe.