PRESS RELEASE,  Oslo, 6.6.2018


Tellef Thorleifsson appointed as new CEO for Norfund

Tellef Thorleifsson (55) is appointed as the new CEO for Norfund – Norwegian Investment Fund for Developing Countries.

- We are really satisfied that Tellef Thorleifsson will be the new CEO for Norfund. Thorleifsson has shown a thorough understanding of Norfund’s mandate, he has considerable experience as an investor and as an active owner, he has a good social and environmental understanding and he has a wide network. Thorleifsson’s expertise, experience and engagement for Norfund’s development mandate makes him the right person to lead and further develop Norfund, says chair of Norfund board, Kristin Clemet.

Thorleifsson has worked as an investor for more than 20 years, and he is one of the founders of the venture company Northzone. Since 1996, Thorleifsson has contributed to building Northzone to become a leading European venture firm, which has invested in more than 130 companies. Thorleifsson is also a co-founder and chairman of the investment committee of the Voxtra Foundation which is making targeted investments and grants within agribusiness in East Africa. Prior to Northzone, Thorleifsson worked for I.M. Skaugen and Western Bulk, and also a short period as a political advisor at the Oslo municipality.  Thorleifsson has had several directorships, and took the initiative to establish the Norwegian Venture Capital & Private Equity Association.   

Tellef Thorleifsson is looking forward to taking on the position as CEO for Norfund. – I have followed Norfund closely the last few years and I have met many of Norfund’s skilled employees. I am impressed by what they have accomplished, and I am convinced that Norfund plays a vital role. The establishment of new companies and the strengthening of private sector are necessary to fight poverty and secure sustainable growth. I believe my experience can contribute to further develop Norfund, but at the same time I also feel humble as to the complexity of the assignment. Being a successful investor is generally challenging. However, it is even more challenging when the mandate is to invest in some of the world’s most challenging markets. Norfund is a highly competent institution, and I look forward to get started with this interesting task.  

Tellef Thorleifsson accedes the position as CEO latest by the 1st October 2018.



Communication Manager Inger Nygaard, tlf. +47 477 01 248

Chair of Norfund’s board Kristin Clemet, tlf. +47 480 82 690