Norfund

Norfund is a Norwegian government organization founded in 1997, based in Oslo, that focuses on reducing poverty and enhancing economic development in low-income countries. It serves as an active, strategic minority investor, providing risk capital, equity, and loans to businesses in regions where access to financing is limited. Primarily operating in Sub-Saharan Africa, as well as selected areas in Southeast Asia and Central America, Norfund aims to foster sustainable business growth in environments where the private sector is underdeveloped. The organization also invests in small and medium-sized enterprises (SMEs) to further support local economic initiatives. Through its investments, Norfund seeks to create a significant positive impact on the economies of the countries it targets.

Sarita Bartlett

Investment Manager of Social, Environment and Governance (SEG)

Vegard Benterud

Investment Director, Funds

Bernt Christian Brun

Vice President, Funds

Nic Christoforou

Senior Investment Manager

Cathrine Kaasen Conradi

Chief Financial and Risk Officer & Head, Human Resources

Mark Davis

Executive Vice President, Clean Energy

Elin Ersdal

Investment Director Food and Agribusiness

Vegard Halvorsen

Investment Director

Birgette Kolrud

Senior Investment Manager

Chishamiso Mawoyo

Investment Director, Southern Africa

Teeranun Newachuen

Senior Investment Associate

Kristin L. Sellevold

Senior Investment Manager, Funds

Hege Holst Skalmerud

Investment Manager

Tellef Thorleifsson

Chief Executive Officer

Andrew James Tillery

Senior Investment Manager

Past deals in South Africa

Neofresh

Private Equity Round in 2017
Neofresh (Pty) Ltd. is an Agri-business located in the Mpumalanga Lowveld of South Africa, focusing on the production, packaging, and marketing of subtropical fruits. The company specializes in papaya and litchi, while also cultivating a variety of other fruits including mango, lemon, blueberry, and macadamia nuts. Neofresh operates its own farms and pack houses, employing efficient production techniques to ensure high yields and quality. By utilizing conventional breeding methods, the company aims to provide consumers with fresh and healthy fruit options.

Globeleq

Private Equity Round in 2015
Globeleq Generation Limited develops, builds, and operates renewable power projects in Africa and the Americas. It operates a portfolio of natural gas, solar, wind, HFO, and fuel oil power generation assets. The company was founded in 2002 and is based in London, United Kingdom with regional offices in Nairobi, Kenya; Cape Town, South Africa; and Doula, Cameroon.

Advans Group

Private Equity Round in 2015
Advans Group is an international microfinance organization established in August 2005 and headquartered in Luxembourg. As the venture capital investment arm of Horus Development Finance, it specializes in providing equity, loans, and guarantees primarily to microfinance institutions across Africa, the Middle East, and Asia. Advans Group aims to strengthen local businesses, enhance job creation, and improve living standards, thereby promoting private sector-led economic and social development in these regions. One of its subsidiaries, Advans Tunisie, focuses on offering microfinance and credit solutions tailored for retailers, wholesalers, artisans, small industries, services, and small-scale farmers in Tunisia. As a majority shareholder in its investments, Advans Group typically assumes a lead role in the microfinance institutions it supports.

Renewable Energy Holdings

Private Equity Round in 2014
REH focuses on the development, construction and operation of green-field and refurbished independent power plants (IPPs) in the range of 5MW to 50 MW across Southern Africa.

Bronkhorstspruit Biogas Plant

Private Equity Round in 2011
Bio2Watt is the production of methane and carbon dioxide is a natural consequence of the degradation of organic waste. In this plant, the process is accelerated and the methane is captured and used to generate electricity using gas engines. The technology is established and commercially proven with many biogas plants operating in Asia, Europe and the Americas.The generation capacity of the biogas plant is 4.2 MW, providing an estimated 35 GWh of energy per year.

Real People Home Finance

Private Equity Round in 2010
Real People is a financial institution that offers credit to small enterprises and individuals who otherwise have limited access to financial services in South Africa and other countries in the region. Real People is one of South Africa’s largest non-banking independent financial services provider that has been operating in Southern Africa for more than 15 years. Real People is a consumer finance and mortgage financing institution that targets customers from previously disadvantaged communities, with low to moderate household earnings who would traditionally not qualify for credit from the banking institutions in South Africa.