Norfund

Norfund, also known as the Norwegian Investment Fund for Developing Countries, is a state-owned development finance institution based in Oslo, Norway, with a regional office in Bangkok, Thailand. Norfund invests in businesses in developing countries, with a focus on renewable energy, financial institutions, and agribusiness. The company provides long-term capital and support to help businesses grow and create jobs, contributing to economic development and poverty reduction. Norfund's Bangkok office serves as a hub for its investments in Southeast Asia and is staffed by a team of experienced professionals with expertise in finance and development.

Norfund was founded in 1997 and is owned by the Norwegian government. The company is led by CEO Tellef Thorleifsson, who has over 20 years of experience in investment and finance. Prior to joining Norfund, Thorleifsson co-founded and served as CEO of Northzone, a leading venture capital firm in Europe. Under Thorleifsson's leadership, Norfund has invested in several notable companies, including BBOXX, a provider of solar-powered home systems in Africa, and XacBank, a leading bank in Mongolia.

In 2020, Norfund invested in Southeast Asia-based renewable energy company The Blue Circle, which operates wind farms in Vietnam and Cambodia. Norfund has been recognized for its work in promoting sustainable development, receiving the "Green Investor of the Year" award at the 2020 Euromoney Global Awards for Excellence.

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