Norfund

Norwegian Investment Fund for Developing Countries (Norfund) is an economic development agency based in Oslo, Norway. Established in 1997 by the Norwegian Government (Storting), the fund invests in the establishment and development of profitable and sustainable enterprises in developing countries. Norfund provides equity, other risk capital, and loans to companies in selected countries and sectors where businesses lack access to sufficient capital to develop and grow. Norfund invests in some SME funds to support small and medium-sized companies in developing countries. The assets of the agency are managed and governed by the Board of Directors.Norwegian Investment Fund for Developing Countries' investment portfolio is valued at over NOK2 billion (USD$232.81 million), with investments in domestic and international equity, cash and private equity. The fund's investment portfolio return was 2.9%.