Investments in Costa Rica

Direct investment

Total commitment (MNOK): 350.3 MNOK

Investment Sector Year Instrument Commitment
LAAD Financial services 2004 Loan 5.47% 10.8
CIFI Financial services 2004 Equity and loan 2% 6.7
Aureos CA Growth Fund (EMERGE) Investment funds 2006 Fund 93% 6.6
CASEIF II Investment funds 2007 Fund 53.6% 2.2
Aureos Latin America Fund (ALAF) Investment funds 2007 Fund 23.21% 11.1
HEFF Microfinance 2011 Fund 18% 6.2
Desyfin Financial services 2011 Equity and loan 100% 42.0
CORECO Financial services 2012 Fund 26% 19.5
CASEIF III Investment funds 2014 Fund 25% 20.6
ARREND Central America Financial services 2015 Equity and loan 0.6% 0.6
Sunshine Energy - solar 2017 Loan 33.33% 4.4
Banco Promerica Costa Rica Banking 2018 Loan 100% 131.7
Banco BCT Banking 2019 Loan 100% 87.8

Indirect investment

Investment Sector Year Investor
Delifrost Manufacturing CASEIF III
SGSS Wholesale and retail CORECO
Gerber Ingredients Manufacturing CASEIF III
Rex/Intercartgo Other industrial partnerships CASEIF II
Mango Plantation S.A Other industrial partnerships Aureos CA Growth Fund (EMERGE)
Adalta Costa Rica Manufacturing Aureos CA Growth Fund (EMERGE)
Desarrollos Culturales Other services Aureos CA Growth Fund (EMERGE)
Horizontes Capital Holding Tourism Aureos CA Growth Fund (EMERGE)
Desyfin Financial services HEFF

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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