Investment strategy

The Investment Fund for North-West Russia and Eastern Europe Ltd will co-invest with Norwegian investors, on commercial and equal terms. Investments can be both equity and debt. The mandate is to promote business cooperation between Norway and the mandate area.

The Investment Fund can invest in the following 18 countries (mandate area): Russia, Ukraine, Belarus, Moldova, Georgia, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan, Tajikistan, Serbia, Bosnia, North Macedonia, Montenegro, Albania and Kosovo. This does not apply to EU countries. The Investment Fund can also invest in the three northern counties in Norway; Nordland, Troms and Finnmark, if the company has significant activity in any of the above-mentioned countries.

Investments into a single project is limited upwards to MNOK 40, and for one sector it is limited to MNOK 70. The Investment fund can hold a maximum of 49% stake in individual companies. Investments can be done either through share subscriptions and/or facilitation of debt or convertible debt.

The Fund will seek investments in a variety of industries, targeting companies in attractive and growing sectors, which are professionally managed by dedicated and trustworthy entrepreneurs and owners. The business and industry must not violate our CR policy.

Statement regarding the Russian invasion of Ukraine

We strongly condemn the Russian Federation’s war actions in Ukraine. New investments and contact with the authorities in Russia and Belarus have been suspended until further notice.

Our position in this matter coincides with the statement from Norwegian-Russian Chamber of Commerce (NRCC), where Kirkenes Fondsforvaltning is a member. Read the statement here.

Uttalelse om den russiske invasjonen av Ukraina

Vi fordømmer på det sterkeste Russlands krigshandlinger i Ukraina. Nye investeringer og kontakt med myndighetene i Russland og Belarus er innstilt inntil videre.

Vårt standpunkt i denne saken er sammenfallende med uttalelsen fra Norsk-Russisk Handelskammer (NRCC), hvor Kirkenes Fondsforvaltning er medlem. Les uttalelsen her.