Norfund invests in W2AF

Norfund has committed NKr53.1 million to Water Access Acceleration Fund.

Institution:  Norfund
Headquarters: Oslo, Norway
AUM: NKr26.9 billion

Norfund has committed NKr53.1 million ($5.4 million; €5 billion ) to Water Access Accelerator Fund (W2AF), according to the firm’s website.

Managed by Incofin Investment Management, W2AF has a target size of $70 million and was launched in June 2020. It is an impact fund that will invest in technologies for potable water in Africa and Asia. The fund is targeting Cambodia, India, Indonesia, Kenya, Nigeria, Rwanda, Senegal and Uganda.

Norfund, which was founded in 1997, is an organisation owned and funded by the government of Norway that invests in sustainable businesses in developing countries.

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