{"id":2927,"date":"2021-05-25T14:29:49","date_gmt":"2021-05-21T14:14:01","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=2927"},"modified":"2022-06-07T15:58:52","modified_gmt":"2022-06-07T13:58:52","slug":"funds-portfolio-2021","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2021\/investments-areas\/scalable-enterprises\/funds-portfolio-2021\/","title":{"rendered":"Scalable enterprises – Funds portfolio 2021"},"content":{"rendered":"
Investment<\/th>Country<\/th>Investment year<\/th>Sector<\/th>Instrument<\/th>Owner share<\/th>Domicile<\/th>Committed (MNOK)<\/th><\/tr><\/thead>
Helios IV<\/td>Africa<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>Guernsey<\/td>220.5<\/td><\/tr>
Vantage Mezzanine Fund IV – USD<\/td>Africa<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>South Africa<\/td>211.7<\/td><\/tr>
Meridiam Africa Fund II<\/td>Africa<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>France<\/td>199.8<\/td><\/tr>
Vietnam Investments Fund IV<\/td>Vietnam<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>Cayman Islands<\/td>132.3<\/td><\/tr>
African Rivers Fund III<\/td>Africa<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>Mauritius<\/td>132.2<\/td><\/tr>
AFMF: ASEAN Frontier Markets Fund<\/td>Asia & Pacific<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td><\/td>88.2<\/td><\/tr>
Vantage Mezzanine Fund IV – ZAR<\/td>Africa<\/td>2021<\/td>Investment funds<\/td>Funds<\/td>0%<\/td>South Africa<\/td>49.8<\/td><\/tr>
ACI Motors Ltd<\/td>Bangladesh<\/td>2021<\/td>Manufacture of motor vehicles trailers and semi-trailers<\/td>Equity<\/td>5%<\/td>Netherlands<\/td>41.0<\/td><\/tr>
AfricInvest Fund IV<\/td>Africa<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>10%<\/td>Mauritius<\/td>262.6<\/td><\/tr>
Navis CLMV<\/td>Asia & Pacific<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>17%<\/td>Cayman Islands<\/td>216.8<\/td><\/tr>
CASEIF IV<\/td>America<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>26%<\/td>Canada<\/td>176.3<\/td><\/tr>
Excelsior Vietnam<\/td>Vietnam<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>19%<\/td>Singapore<\/td>131.7<\/td><\/tr>
Openspace Ventures III<\/td>Asia & Pacific<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>8%<\/td>Cayman Islands<\/td>131.6<\/td><\/tr>
Ascent Rift Valley Fund II<\/td>Africa<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>12%<\/td>Mauritius<\/td>87.9<\/td><\/tr>
Novastar Ventures Africa Fund II<\/td>Africa<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>7%<\/td>Mauritius<\/td>71.1<\/td><\/tr>
Solon Capital Holdings<\/td>Africa<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>30%<\/td>Mauritius<\/td>35.0<\/td><\/tr>
Antler East Africa Fund I<\/td>Africa<\/td>2020<\/td>Investment funds<\/td>Funds<\/td>20%<\/td>Cayman Islands<\/td>13.2<\/td><\/tr>
Development Partners International III<\/td>Africa<\/td>2019<\/td>Investment funds<\/td>Funds<\/td>4%<\/td>Guernsey<\/td>355.4<\/td><\/tr>
Verod Capital Growth Fund III<\/td>Africa<\/td>2019<\/td>Investment funds<\/td>Funds<\/td>10%<\/td>Mauritius<\/td>178.0<\/td><\/tr>
Frontiir Co. Ltd.<\/td>Myanmar<\/td>2019<\/td>Information service activities<\/td>Equity<\/td>2%<\/td>British Virgin Islands<\/td>26.9<\/td><\/tr>
ECP Africa Fund IV<\/td>Africa<\/td>2018<\/td>Investment funds<\/td>Funds<\/td>8%<\/td>Mauritius<\/td>242.3<\/td><\/tr>
Cepheus Growth Capital Fund<\/td>Ethiopia<\/td>2018<\/td>Investment funds<\/td>Funds<\/td>18%<\/td>Mauritius<\/td>135.3<\/td><\/tr>
Myanmar Opportunities Fund II<\/td>Myanmar<\/td>2018<\/td>Investment funds<\/td>Funds<\/td>14%<\/td>Cayman Islands<\/td>72.8<\/td><\/tr>
EcoEnterprises Partners III LP<\/td>America<\/td>2018<\/td>Investment funds<\/td>Funds<\/td>5%<\/td>Ireland<\/td>54.5<\/td><\/tr>
Nordic Horn of Africa Opportunities Fund<\/td>Somalia<\/td>2018<\/td>Investment funds<\/td>Funds<\/td>11%<\/td>Canada<\/td>34.3<\/td><\/tr>
Agri-Vie II<\/td>Africa<\/td>2017<\/td>Investment funds<\/td>Funds<\/td>11%<\/td>Mauritius<\/td>130.4<\/td><\/tr>
Fanisi Capital Fund II<\/td>Africa<\/td>2017<\/td>Investment funds<\/td>Funds<\/td>35%<\/td>Mauritius<\/td>109.0<\/td><\/tr>
Spear Africa Holding II<\/td>Africa<\/td>2017<\/td>Manufacturing<\/td>Funds<\/td>21%<\/td>Mauritius<\/td>66.7<\/td><\/tr>
Oasis Africa Fund<\/td>Africa<\/td>2017<\/td>Investment funds<\/td>Funds<\/td>10%<\/td>Ghana<\/td>42.7<\/td><\/tr>
Fanisi Management II<\/td>Africa<\/td>2017<\/td>Investment funds<\/td>Loans Equity<\/td>25%<\/td>Mauritius<\/td>22.1<\/td><\/tr>
FIPA II<\/td>Africa<\/td>2016<\/td>Investment funds<\/td>Funds<\/td>38%<\/td>Luxembourg<\/td>156.7<\/td><\/tr>
Frontier Fund II<\/td>Bangladesh<\/td>2016<\/td>Investment funds<\/td>Funds<\/td>10%<\/td>Cayman Islands<\/td>29.4<\/td><\/tr>
GroFin SGB Fund Limited Partnership<\/td>Africa<\/td>2015<\/td>Investment funds<\/td>Funds<\/td>19%<\/td>Mauritius<\/td>125.6<\/td><\/tr>
Cambodia Laos Myanmar Development Fund II<\/td>Asia & Pacific<\/td>2015<\/td>Investment funds<\/td>Funds<\/td>16%<\/td>Singapore<\/td>93.3<\/td><\/tr>
BPI East Africa LLC<\/td>Africa<\/td>2015<\/td>Investment funds<\/td>Funds<\/td>17%<\/td>Mauritius<\/td>51.1<\/td><\/tr>
CASEIF III<\/td>America<\/td>2014<\/td>Investment funds<\/td>Funds<\/td>24%<\/td>Canada<\/td>80.9<\/td><\/tr>
Ascent Rift Valley Fund Ltd<\/td>Africa<\/td>2013<\/td>Investment funds<\/td>Funds<\/td>13%<\/td>Mauritius<\/td>84.4<\/td><\/tr>
Novastar Ventures East Africa Fund<\/td>Africa<\/td>2013<\/td>Investment funds<\/td>Funds<\/td>13%<\/td>Mauritius<\/td>83.1<\/td><\/tr>
CORECO<\/td>America<\/td>2012<\/td>Other financial services<\/td>Funds<\/td>22%<\/td>Delaware<\/td>75.0<\/td><\/tr>
Kinyeti Capital Ltd<\/td>South Sudan<\/td>2012<\/td>Other financial services<\/td>Loans Equity<\/td>50%<\/td>South Sudan<\/td>35.4<\/td><\/tr>
Africa Health Fund (Aureos)<\/td>Africa<\/td>2011<\/td>Investment funds<\/td>Funds<\/td>9%<\/td>South Africa<\/td>44.5<\/td><\/tr>
Voxtra East Africa Agribusiness Ini<\/td>Africa<\/td>2011<\/td>Agriculture forestry and fishing<\/td>Funds<\/td>30%<\/td>Norway<\/td>31.7<\/td><\/tr>
Vantage Mezzanine Fund II<\/td>Africa<\/td>2011<\/td>Investment funds<\/td>Funds<\/td>5%<\/td>South Africa<\/td>23.1<\/td><\/tr>
Frontier Fund<\/td>Bangladesh<\/td>2010<\/td>Investment funds<\/td>Funds<\/td>11%<\/td>Cayman Islands<\/td>49.5<\/td><\/tr>
Neoma South-East Asia Fund II<\/td>Regional<\/td>2010<\/td>Investment funds<\/td>Funds<\/td>2%<\/td>Canada<\/td>27.2<\/td><\/tr>
Agri-Vie<\/td>Africa<\/td>2010<\/td>Agriculture forestry and fishing<\/td>Funds<\/td>9%<\/td>South Africa<\/td>22.7<\/td><\/tr><\/tbody><\/table><\/div><\/div>\n\n\n
\n
\n

About Norfund’s investments in scalable enterprises<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":5716,"parent":845,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Scalable Enterprises- funds portfolio 2020","teft_cards_image_id":5716,"teft_cards_image_focal_point_x":0.29,"teft_cards_image_focal_point_y":0.64,"teft_cards_title":"Portfolio overview 2021 - Scalable enterprises - funds (table)","teft_cards_excerpt":""},"acf":[],"yoast_head":"\nScalable enterprises - Funds portfolio 2021 | Report on Operations 2021<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2021\/investments-areas\/scalable-enterprises\/funds-portfolio-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scalable enterprises - 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