A venture capitalist with a soft spot for smallholder farmers in Africa and a strong stomach for risk taking,Tellef Thorleifsson has taken over the helm of Norfund, the 22-billion-crown aid-financed investment fund in Oslo. His first task is to oversee a new Norfund strategy, writes Development Today.
Tellef Thorleifsson, 56, has spent most of his career in the private sector. He first worked in shipping and then, in 1996, kicked off the venture fund Northzone which now manages EUR 1 billion through eight investment funds. [...]
Now Thorleifsson has taken over the helm of Norfund, the Norwegian aid-financed investor in developing countries with assets of NOK 22.4 billion (EUR 2.4 billion - 2017). Norfund will be investing in countries and areas where other investors hesitate to go. As a venture fund investor, he says he is accustomed to taking risk.
“If we don’t take risk and try to move into new markets and territories, we are not doing our job,” Thorleifsson says to Development Today.