Key figures for Norfund
Committed investments in total portfolio (MNOK) 20 439
Capital allocated by the ower (MNOK)1 500
New investments (NOK m)3 600
Total equity (NOK m)22 375
Share of new investments in least developed countries34%
Share of new investments in Africa35%
Internal Rate of Return (IRR) in investment currency6%
Internal Rate of Return (IRR) in NOK9.3 %
Ratio of cash to equity12%
Number of direct investments136
Number of companies in portfolio874
Number of employees in Norfund71
Total number of jobs in portfolio companies292 000


Value adjusted equity 



Annual return by investment area

IRR Table


Norfund's audited results for 2017*

audited results

* Detailed accounts are published in our annual report that is found here


New investments per year since 2003 (MNOK)

The main drivers of new investments are available capital, the project pipeline and staffing. High year-on-year variations occur because of the long and complex project development processes. 

new inv