Where is Norfund's headquarters located?

Norfund's headquarters is located in Oslo (Norway).

How big is Norfund's investment team?

Norfund has a team of 101, including 14 partners.

How many companies has Norfund invested in?

Norfund has invested in 173 companies, including d light & Access Bank.

Which companies has Norfund invested in lately?

Cpcrecycle & B5Plusgroup are the latest investments by Norfund.

Norfund - 2026 Investor Profile, Portfolio, Team & Exits

Norfund is a private equity firm founded in 1998. It is primarily based in Oslo, Norway. As of Apr 2026, Norfund is an active investor with a portfolio of 173 companies, comprising 173 funding rounds and 4 acquisitions. In the last 12 months, it has participated in 10 funding rounds. The firm primarily invests in companies based in Kenya and South Africa. Its portfolio is spread across a wide range of sectors from Financial Services to Environment. Its latest investment was a $***** Series A round in Cpcrecycle on Feb 10, 2026

Overall Norfund portfolio has seen 1 unicorn, 9 IPOs and 15 acquisitions including key companies like Access Bank, Wave Systems and Ecobank. A lot of funds co-invest with Norfund, with names like FMO sharing a substantial percentage of its portfolio.

Norfund has a team of 101 people, including 14 partners.

Key Metrics

Founded Year

1998

Location

Oslo, Norway

Portfolio Companies

d light, Access Bank & 171 more

Portfolio Sectors

Financial Services, Environment

Portfolio Locations

Kenya, South Africa & 38 more

Acquisition Deals

FES, Globeleq & 2 more

Investment Deals

d light, Access Bank & 171 more

View Norfund's full profile

Norfund has a portfolio of 173 companies. They have invested in a total of 173 companies. Their most recent investment was in Cpcrecycle (Series A round) on Feb 10, 2026. Here are the most recent investments by Norfund:

Date	Company	Round	Amount	Co-Investors
Feb 10, 2026	Cpcrecycle	Series A	7213	-
Oct 14, 2025	B5Plusgroup	Conventional Debt	1718	-
Sep 30, 2025	SIPRA	Series B	4511	-
Sep 02, 2025	Mobile Power	Series A	3273	-

View all investments by Norfund

Norfund has acquired 4 companies. Their most recent acquisition was of FES on Apr 22, 2022. Here are the most recent acquisitions by Norfund:

Acquisition Date	Company	Short Description	Total Funding	Founded Year
Apr 22, 2022	FES	Integrated agricultural solutions provider, empowering African farmers with equipment and expertise	-	1967
Sep 15, 2015	Globeleq	Independent power producer developing and operating power plants in Africa	-	2002
Jun 01, 2014	Serengeti Fresh	Producer, processor & exporter of fresh vegetables and exotic fruits	-	2010
Jul 30, 2024	SNPower	Infrastructure fund manager	-	2002

Here is the portfolio snapshot of Norfund:

Investments by Year

The maximum number of investments were made in 2023

Acquisitions by Year

The maximum number of acquisitions were made in 2022

Portfolio by Location

Companies are primarily in Kenya and South Africa

Portfolio by Sector

Companies are primarily in Financial Services

Norfund has a team of 101 members including 14 Partners and 26 Principals located in Norway, Thailand and 8 more locations. Norfund's team sits on the board of 2 companies.

Here is a list of top team members in Norfund:

Name	Designation	Location	Board Memberships	Contact Details
Tellef Thorleifsson	Partner	Oslo	Kahoot	1 Email
Federico Fernandez	Partner	Costa Rica	-	1 Email
Vegard Benterud	Partner	Oslo	-	1 Email
Jarle Roth	Partner	Oslo	-	-
Sofie Kamsvag	Partner	Norway	-	-
Anne Jorun Aas	Partner	Oslo	-	1 Email
Martin Skancke	Partner	Oslo	-	-
Olaug Svarva	Partner	Oslo	-	-
Aslaug Marie Haga	Partner	Oslo	-	-
Pablo Barrera	Partner	Norway	-	-
Naana Winful Fynn	Partner	Ghana	-	1 Email