Development Finance Institutions

A captain of capital reflects on eight years at the helm of Norfund

During Tellef Thorleifsson’s tenure as CEO, Norfund received NOK 8 billion in capital for new mandates on climate and Ukraine, but capital for development has fallen off. In an interview with Development Today, he says he hopes the on-going revamp of Norway’s aid policy will change this.

Business July 16, 2026

At the frontier of development finance

The Dane Kirstine Damkjær has taken up the position as Chief Investment Officer at Amsterdam-based ILX,...

Business March 31, 2026

Crossroads: Norfund’s value now equals an entire aid budget

Norfund, with profits that have nearly kept pace with the oil fund, now has a total value that roughly...

Business February 23, 2026

NDF: Small is beautiful, but the Nordic fund’s financing could dry up

The Nordic Development Fund has carved out a niche for itself as an innovative player providing early-stage,...

Business November 17, 2025

Norfund closes SN Power chapter, books 21% annual return from two-decade long hydropower adventure

The Norwegian impact investor Norfund is selling off its remaining hydropower stakes in Africa to the...

Business September 22, 2025

Proof of concept: Norway’s Climate Fund exits pioneering South African solar project after just two years

The Oslo-based Climate Investment Fund is exiting the Kenhardt hybrid sun power and battery project in...

Business September 19, 2025

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Nordics back new asset class to mobilise pension fund capital for development

Five Nordic countries, the Netherlands, and the United Kingdom have given political backing for a new...

Business July 02, 2025

Finland’s unique zero-cost ODA scheme turns toward private asset managers

A new strategy for Finland’s loan and investment facility opens for engagement with private investment...

Business June 03, 2025

IFU facility has signed its first two guarantees

A new guarantee scheme managed by the Danish development finance institution IFU is now fully operational....

Business December 20, 2024

IFU ticks up annual net return expectations to 12-15% for second SDG fund

The Danish impact investor IFU and four Danish pension funds agreed this week to establish the Danish...

Business November 22, 2024

Development Finance Institutions

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