Nordic Development Fund Overview

  • Type
  • Economic Development Agency

  • Founded
  • 1988

  • Professionals
  • 2

  • AUM
  • 00000

  • Commitments
  • 8

Nordic Development Fund General Information


Nordic Development Fund (NDF) is an economic development agency based in Helsinki, Finland. Founded in 1988, the firm is a multilateral joint development finance institution of the five Nordic countries Denmark, Finland, Iceland, Norway, and Sweden. The objective of NDF's operations is to facilitate climate change investments in low-income countries. NDF finances in cooperation with bilateral and multilateral development institutions. The fund's board of directors makes all grant decisions, while the control committee oversees that the operations are conducted in accordance with the statutes. The assets are managed by the executive management team.

Contact Information

Year Founded
Commitment Size
Open To Secondaries
Open To First Time Founds
Institution Type
Economic Development Agency
Primary Contact
00000 0000000000
Chairman of the Board of Directors
+000 (0)00 000 000
Primary Office
  • Fabianinkatu 34
  • 00171 Helsinki
  • Finland
+358 010 000000

Nordic Development Fund Commitments (8)

Fund Name Fund Manager Fund Location Vintage Fund Size Commitment Date Commitment
000 00000 0000 United Nations Capital Development Fund Nairobi, Kenya 2022 0000 0000-00-00 0000
000-0000 000000 0000 0000000 00000000 Abidjan, Ivory Coast 2020 0000 0000-00-00
0000000000 0000000 0000 0000000000 00000 New York, NY 2019 00000 0000-00-00
000000 0000000000 0000 000000 0000000 Ho Chi Minh City, Vietnam 2006 0000 0000-00-00
0000000 00000000000000 0000000 00000000 Cape Town, South Africa 2004 00000 0000-00-00
You’re viewing 5 of 8 commitments. Get the full list »

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Nordic Development Fund Commitment Analytics

PitchBook’s data visualizations help you see a limited partner’s commitments—showing a breakdown of activity by fund type and region, complete with performance metrics.

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Commitments by Fund Type
Commitments by Fund Type
Commitments by Region
Commitments by Region

Nordic Development Fund Investment Allocations

PitchBook provides insight into a limited partner’s preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds.

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  • Target PE:
    Current PE:
    42.00 %  Actual
  • Target Real Estate:
    Real Estate:
    42.00 %  Actual
  • Target Equities:
    Current Equities:
  • Target Fixed Income:
    Fixed Income:
  • Target Cash:
    Current Cash:
Investment allocations

Nordic Development Fund Team (12)

Name Title Office
Leena Klossner Vice President and Deputy Managing Director Helsinki, Finland
Mats Slotte Manager, Financial Administration Helsinki, Finland
Karin Isaksson Managing Director Helsinki, Finland
Terhi Mäkinen Partner of Ernst & Young Oy, Auditor Helsinki, Finland
Christina Stenvall-Kekkonen General Counsel, Head of Legal & Administrative Support, and Secretary of the Board of Directors Helsinki, Finland
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Nordic Development Fund Board Members (11)

Name Representing Role Since
David Stefansson Nordic Development Fund Chairman of the Board of Directors 000 0000
Jan-Erik Enestam Nordic Development Fund Chairman, Control Committee 000 0000
Morten Blomqvist Nordic Development Fund Board Member 000 0000
Pekka Hirvonen Nordic Development Fund Board Member 000 0000
You’re viewing 4 of 11 board members. Get the full list »