Norfund - The Norwegian Investment Fund for Developing Countries, is owned by the Norwegian Government and serves as an instrument in Norwegian development policy. Norfund contributes to poverty reduction and economic development in the poorest countries through investments in profitable businesses and transfer of knowledge and technology. 

Norfund invests equity and/or debt capital, always as a financial minority together with partners, international or Norwegian. 

The main sector for investment is clean energy. Norfund is Norway's biggest investor in microfinance through the Norwegian Microfinance Initiative (NMI), and is also a prominent investor in small and medium sized businesses through regional funds and direct investments. 

Norfund's geographical focus is on Sub-Sahara Africa, where the fund has three regional offices (Nairobi, Cape Town and Accra). In addition, Norfund invests in selected countries in Asia and Latin America, with regional offices in Costa Rica and Bangkok. Norfund seeks to hire local staff in the regions, and 15 nationalities are represented among the staff.

Norfund

Tellef Thorleifsson

Sandersen Erik

Simen Berger Øby

Thomas Fjeld Heltne

Ellen Cathrine Rasmussen

Ylva Lindberg

The Investment Team at Norfund focuses on identifying, evaluating, and managing profitable investment opportunities that contribute to poverty reduction and economic development in developing countries. The team primarily invests in sectors such as clean energy, financial inclusion, and small and medium-sized enterprises. They conduct thorough due diligence, partner with local and international stakeholders, and ensure the adherence to Norfund’s mandate of sustainable development. The team operates out of regional offices in Sub-Sahara Africa, Asia, and Latin America to leverage local expertise and opportunities.

Investment Team

The Leadership Team at Norfund steers the strategic direction and operational execution of the organization, ensuring alignment with its mission of poverty reduction and economic development in the poorest countries. Comprising top executives, including the CEO and sector-specific vice presidents, this team oversees key investment decisions, manages stakeholder relationships, and ensures the effective integration of financial, economic, and environmental goals in line with Norwegian development policy. Their collective expertise in finance, renewable energy, and global markets drives Norfund's impact in Sub-Sahara Africa, Asia, and Latin America.

Norfund

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Teams

Investment Team

Leadership Team

Offices

Norfund

Org chart

Teams

Investment Team

Leadership Team

Offices

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