{"id":6501,"date":"2023-04-18T11:20:15","date_gmt":"2023-04-18T09:20:15","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2022\/?page_id=6501"},"modified":"2023-09-04T10:47:21","modified_gmt":"2023-09-04T08:47:21","slug":"portfolio-overview","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2022\/year-2021\/portfolio-overview\/","title":{"rendered":"Portfolio overview"},"content":{"rendered":"\n<p class=\"has-ingress-font-size\">By year end 2022, Norfund had committed investments totaling 31.65 billion NOK in 226 projects. The Development Mandate accounted for 29.5 billion NOK in 219 projects, and the new Climate Mandate accounted for 2.14 billion NOK in seven projects.<\/p>\n\n\n<div class=\"pdf-page-break\"><\/div>\n\n\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-portfolio-since-inception\">Portfolio since inception<\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"756\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/5\/2023\/06\/Development_in_committed_portfolio-1024x756.png\" alt=\"\" class=\"wp-image-7903\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/06\/Development_in_committed_portfolio-1024x756.png 1024w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/06\/Development_in_committed_portfolio-300x221.png 300w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/06\/Development_in_committed_portfolio-768x567.png 768w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/06\/Development_in_committed_portfolio-1536x1134.png 1536w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/06\/Development_in_committed_portfolio-2048x1512.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Priority investment areas<\/h2>\n\n\n\n<p>Norfund invests in four areas under the Development Mandate. These are areas where the potential for development impact is substantial and that are aligned with the SDGs: Renewable Energy, Financial Inclusion, Scalable Enterprises and Green Infrastructure. In addition we now invest through the new <a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/investing-in-the-transition-to-net-zero\/\">Climate Mandate<\/a> with the Climate Investment Fund, in order to accelerate the global energy transition by investing in renewable energy in developing countries with large emissions from coal and other fossil power production.<\/p>\n\n\n<div class=\"pdf-page-break\"><\/div>\n\n\n<h2 class=\"has-text-align-center wp-block-heading\">Portfolio per investment area (MNOK)<\/h2>\n\n\n<script type=\"text\/javascript\">\ngoogle.charts.load(\"current\", {packages:[\"corechart\"]});\n\nif ( screen.width < 800 ) {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawChartdonutportfolio20226aecca726465b( 'bottom', 12, 12 );\n\t} );\n} else {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawChartdonutportfolio20226aecca726465b( 'right', 15, 17 );\n\t} );\n}\n\nfunction drawChartdonutportfolio20226aecca726465b( customLegendPosition, customFontSize, customSliceFontSize ) {\n\tlet data = google.visualization.arrayToDataTable([\n\t['Navn', 'Verdi'],['Renewable Energy', 1073],['Scalable Enterprises', 1518],['Financial Inclusion', 1809],['Green Infrastructure', 139],['Climate Mandate', 2135]\t]);\n\n\t\tlet options = {\n\t\tpieSliceText: 'percentage',\n\t\tpieSliceTextStyle: {\n\t\t\tfontSize: customSliceFontSize,\n\t\t\tbold: true,\n\t\t},\n\t\tpieHole: 0.6,\n\t\tslices: [{\"color\":\"#94CCC5\"},{\"color\":\"#00ADB6\"},{\"color\":\"#6169AD\"},{\"color\":\"#028977\"},{\"color\":\"#C9DC5D\"}],\n\t\t\t\tlegend: {\n\t\t\t'position': 'bottom',\n\t\t\t'alignment': 'center',\n\t\t\ttextStyle: {\n\t\t\t\tfontSize: customFontSize,\n\t\t\t}\n\t\t},\n\t\tchartArea: { 'width': '100%', 'height': '80%' },\n\t\t\t\tfontName: 'Merriweather Sans',\n\t};\n\n\tlet chart = new google.visualization.PieChart(document.getElementById('donutportfolio20226aecca726465b'));\n\n\t\n\tchart.draw(data, options);\n}\n\nwindow.addEventListener( 'resize', () => {\n\tif ( screen.width < 800 ) {\n\t\tdrawChartdonutportfolio20226aecca726465b( 'bottom', 12, 12 );\n\t} else {\n\t\tdrawChartdonutportfolio20226aecca726465b( 'right', 15, 17 );\n\t}\n} );\n\n<\/script>\n<style>\n#donutportfolio20226aecca726465b svg g path {\n\tstroke-width: 4;\n}\n\n@media screen and (min-width: 800px) {\n\t#donutportfolio20226aecca726465b {\n\t\twidth: 100%;\n\t\tmin-height: 500px;\n\t}\n}\n<\/style>\n\n<div id=\"donutportfolio20226aecca726465b\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicators (KPIs) for Norfund's Development Mandate portfolio<\/h2>\n\n\n\n<p>Four Key Performance Indicators are defined for Norfund's Development Mandate portfolio.<\/p>\n\n\n\n<h2 class=\"is-style-line wp-block-heading\">Least Developed Countries &gt;33%<\/h2>\n\n\n\n<p>The scarcity of capital available in Least Developed Countries (LDC) means the needs for our investments are high. 37% of Norfund's portfolio is in these markets.<\/p>\n\n\n\n<div class=\"wp-block-norfund-key-figures alignfull\"><div class=\"block-inner\"><div class=\"norfund-key-figure-item\" data-key=\"0\"><div class=\"norfund-key-figure-number\">37%<\/div><div class=\"norfund-key-figure-number-bar\"><div class=\"norfund-key-figure-number-bar-progress\" data-number=\"37\"><\/div><\/div><p class=\"norfund-key-figure-text\">Total portfolio in LDCs<\/p><\/div><\/div><\/div>\n\n\n\n<h2 class=\"is-style-line wp-block-heading\">Sub-Saharan Africa &gt;50%<\/h2>\n\n\n\n<p>In line with Norfund\u2019s strategic target, 61% of all new commitments in 2022 were in Sub-Saharan Africa, and 63% of the portfolio is now allocated in the region.<\/p>\n\n\n\n<div class=\"wp-block-norfund-key-figures alignfull\"><div class=\"block-inner\"><div class=\"norfund-key-figure-item\" data-key=\"0\"><div class=\"norfund-key-figure-number\">63%<\/div><div class=\"norfund-key-figure-number-bar\"><div class=\"norfund-key-figure-number-bar-progress\" data-number=\"63\"><\/div><\/div><p class=\"norfund-key-figure-text\">Investments in Sub-Saharan Africa<\/p><\/div><\/div><\/div>\n\n\n\n<h2 class=\"is-style-line wp-block-heading\">Greenfield &gt;15% of three years\u2019 moving average<\/h2>\n\n\n\n<p>Investments in new power plants, startups and first-generation funds are classified as greenfield investments. Greenfield investments often carry high risk but may be particularly important to development. The greenfield KPI is different to the other KPIs. This is a floating average of commitments over the past three years and not a portfolio level measure. This KPI ended in 2022.<\/p>\n\n\n\n<div class=\"wp-block-norfund-key-figures alignfull\"><div class=\"block-inner\"><div class=\"norfund-key-figure-item\" data-key=\"0\"><div class=\"norfund-key-figure-number\">25%<\/div><div class=\"norfund-key-figure-number-bar\"><div class=\"norfund-key-figure-number-bar-progress\" data-number=\"25\"><\/div><\/div><p class=\"norfund-key-figure-text\">Total portfolio in greenfield<\/p><\/div><\/div><\/div>\n\n\n\n<h2 class=\"is-style-line wp-block-heading\">Equity and indirect equity &gt;70%<\/h2>\n\n\n\n<p>Norfund provides capital in the form of equity, debt and fund investments. Preference is given to equity investments \u2013 both direct investments and through funds \u2013 because in most developing countries equity is the scarcest type of capital available to enterprises.<\/p>\n\n\n<script type=\"text\/javascript\">\ngoogle.charts.load(\"current\", {packages:[\"corechart\"]});\n\nif ( screen.width < 800 ) {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawChartdonutprioritytoequitydimtotal6aecca7264c4b( 'bottom', 12, 12 );\n\t} );\n} else {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawChartdonutprioritytoequitydimtotal6aecca7264c4b( 'right', 15, 17 );\n\t} );\n}\n\nfunction drawChartdonutprioritytoequitydimtotal6aecca7264c4b( customLegendPosition, customFontSize, customSliceFontSize ) {\n\tlet data = google.visualization.arrayToDataTable([\n\t['Navn', 'Verdi'],['Equity', 14040],['Indirect equity (funds)', 7731],['Loans', 7745]\t]);\n\n\t\tlet options = {\n\t\tpieSliceText: 'percentage',\n\t\tpieSliceTextStyle: {\n\t\t\tfontSize: customSliceFontSize,\n\t\t\tbold: true,\n\t\t},\n\t\tpieHole: 0.6,\n\t\tslices: [{\"color\":\"#375172\"},{\"color\":\"#7594BC\"},{\"color\":\"#A3B8D3\"}],\n\t\t\t\tlegend: {\n\t\t\t'position': 'bottom',\n\t\t\t'alignment': 'center',\n\t\t\ttextStyle: {\n\t\t\t\tfontSize: customFontSize,\n\t\t\t}\n\t\t},\n\t\tchartArea: { 'width': '100%', 'height': '80%' },\n\t\t\t\tfontName: 'Merriweather Sans',\n\t};\n\n\tlet chart = new google.visualization.PieChart(document.getElementById('donutprioritytoequitydimtotal6aecca7264c4b'));\n\n\t\n\tchart.draw(data, options);\n}\n\nwindow.addEventListener( 'resize', () => {\n\tif ( screen.width < 800 ) {\n\t\tdrawChartdonutprioritytoequitydimtotal6aecca7264c4b( 'bottom', 12, 12 );\n\t} else {\n\t\tdrawChartdonutprioritytoequitydimtotal6aecca7264c4b( 'right', 15, 17 );\n\t}\n} );\n\n<\/script>\n<style>\n#donutprioritytoequitydimtotal6aecca7264c4b svg g path {\n\tstroke-width: 4;\n}\n\n@media screen and (min-width: 800px) {\n\t#donutprioritytoequitydimtotal6aecca7264c4b {\n\t\twidth: 100%;\n\t\tmin-height: 500px;\n\t}\n}\n<\/style>\n\n<div id=\"donutprioritytoequitydimtotal6aecca7264c4b\"><\/div>\n\n\n\n<p><em>Note: This diagram only includes the Development Mandate<\/em><\/p>\n\n\n\n<div class=\"wp-block-teft-link-list\"><div class=\"teft-link-list__items\">\n<div class=\"wp-block-teft-link-list-item\"><a class=\"teft-link-list-item__holder\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/year-2021\/key-figures\/\"><div class=\"teft-link-list-item__content\"><div class=\"teft-link-list-item__content-inner\"><div class=\"teft-link-list-item__content-wrapper\"><h3 class=\"teft-link-list-item__title\">Key figures for 2022<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Norfund investment portfolio overview<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\">(as of 31.12.2022)<\/h4>\n\n\n<div class=\"t2-featured-content-layout alignwide wp-block-t2-featured-content-layout\"><div class=\"t2-featured-single-post t2-featured-content is-post-type-page wp-block-t2-featured-single-post t2-featured-content-layout-col-6\"><a class=\"t2-post-link wp-block-t2-post-link\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/development-mandate\/investment-areas\/renewable-energy\/renewable-energy-portfolio-2022\/\">\n<figure  class=\"t2-post-featured-image has-image-ratio-16-9 wp-block-t2-post-featured-image\"><img width=\"2000\" height=\"1332\" src=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52210264967_8711b8bd0a_k-1.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52210264967_8711b8bd0a_k-1.jpg 2000w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52210264967_8711b8bd0a_k-1-300x200.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52210264967_8711b8bd0a_k-1-1024x682.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52210264967_8711b8bd0a_k-1-768x511.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52210264967_8711b8bd0a_k-1-1536x1023.jpg 1536w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><\/figure>\n\n<div class=\"wp-block-group alignfull is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n\t<h2 class=\"t2-post-title wp-block-t2-post-title\">Renewable Energy portfolio 2022<\/h2>\n<\/div><\/div>\n\n<\/a><\/div><div class=\"t2-featured-single-post t2-featured-content is-post-type-page wp-block-t2-featured-single-post t2-featured-content-layout-col-6\"><a class=\"t2-post-link wp-block-t2-post-link\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/development-mandate\/investment-areas\/financial-inclusion\/financial-inclusion-portfolio-2022\/\">\n<figure  class=\"t2-post-featured-image has-image-ratio-16-9 wp-block-t2-post-featured-image\"><img width=\"2048\" height=\"1363\" src=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52516882948_92bd7e86fd_k.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52516882948_92bd7e86fd_k.jpg 2048w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52516882948_92bd7e86fd_k-300x200.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52516882948_92bd7e86fd_k-1024x682.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52516882948_92bd7e86fd_k-768x511.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52516882948_92bd7e86fd_k-1536x1022.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n<div class=\"wp-block-group alignfull is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n\t<h2 class=\"t2-post-title wp-block-t2-post-title\">Financial Inclusion portfolio 2022<\/h2>\n<\/div><\/div>\n\n<\/a><\/div><div class=\"t2-featured-single-post t2-featured-content is-post-type-page wp-block-t2-featured-single-post t2-featured-content-layout-col-6\"><a class=\"t2-post-link wp-block-t2-post-link\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/development-mandate\/investment-areas\/scalable-enterprises\/funds-portfolio-2022\/\">\n<figure  class=\"t2-post-featured-image has-image-ratio-16-9 wp-block-t2-post-featured-image\"><img width=\"2048\" height=\"1365\" src=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52851161395_2a61589d28_k.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52851161395_2a61589d28_k.jpg 2048w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52851161395_2a61589d28_k-300x200.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52851161395_2a61589d28_k-1024x683.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52851161395_2a61589d28_k-768x512.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52851161395_2a61589d28_k-1536x1024.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n<div class=\"wp-block-group alignfull is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n\t<h2 class=\"t2-post-title wp-block-t2-post-title\">Scalable enterprises &#8211; Funds portfolio 2022<\/h2>\n<\/div><\/div>\n\n<\/a><\/div><div class=\"t2-featured-single-post t2-featured-content is-post-type-page wp-block-t2-featured-single-post t2-featured-content-layout-col-6\"><a class=\"t2-post-link wp-block-t2-post-link\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/development-mandate\/investment-areas\/scalable-enterprises\/scalable-enterprises-portfolio-direct-investments\/\">\n<figure  class=\"t2-post-featured-image has-image-ratio-16-9 wp-block-t2-post-featured-image\"><img width=\"2048\" height=\"1365\" src=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52623820377_0be3b5116c_k.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52623820377_0be3b5116c_k.jpg 2048w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52623820377_0be3b5116c_k-300x200.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52623820377_0be3b5116c_k-1024x683.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52623820377_0be3b5116c_k-768x512.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52623820377_0be3b5116c_k-1536x1024.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n<div class=\"wp-block-group alignfull is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n\t<h2 class=\"t2-post-title wp-block-t2-post-title\">Scalable Enterprises &#8211; Direct portfolio 2022<\/h2>\n<\/div><\/div>\n\n<\/a><\/div><div class=\"t2-featured-single-post t2-featured-content is-post-type-page wp-block-t2-featured-single-post\"><a class=\"t2-post-link wp-block-t2-post-link\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/development-mandate\/investment-areas\/green-infrastructure\/green-infrastructure-portfolio-2022\/\">\n<figure  class=\"t2-post-featured-image has-image-ratio-16-9 wp-block-t2-post-featured-image\"><img width=\"2048\" height=\"1365\" src=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52537792755_0468d075da_k.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52537792755_0468d075da_k.jpg 2048w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52537792755_0468d075da_k-300x200.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52537792755_0468d075da_k-1024x683.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52537792755_0468d075da_k-768x512.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52537792755_0468d075da_k-1536x1024.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n<div class=\"wp-block-group alignfull is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n\t<h2 class=\"t2-post-title wp-block-t2-post-title\">Green Infrastructure Portfolio 2022<\/h2>\n<\/div><\/div>\n\n<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>By year end 2022, Norfund had committed investments totaling 31.65 billion NOK in 226 projects. The Development Mandate accounted for 29.5 billion NOK in 219 projects, and the new Climate Mandate accounted for 2.14 billion NOK in seven projects. Portfolio since inception Priority investment areas Norfund invests in four areas under the Development Mandate. These [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"parent":1303,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"hero","norfund_header_layout_image_id":7346,"norfund_header_layout_image_focal_point_x":0.52,"norfund_header_layout_image_focal_point_y":0.29,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Portfolio overview","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portfolio overview | Annual Report 2022<\/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-2022\/year-2021\/portfolio-overview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portfolio overview | Annual Report 2022\" \/>\n<meta property=\"og:description\" content=\"By year end 2022, Norfund had committed investments totaling 31.65 billion NOK in 226 projects. The Development Mandate accounted for 29.5 billion NOK in 219 projects, and the new Climate Mandate accounted for 2.14 billion NOK in seven projects. Portfolio since inception Priority investment areas Norfund invests in four areas under the Development Mandate. 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