Norfund is a private equity company established by the Norwegian Storting (parliament) in 1997 and owned by the Norwegian Ministry of Foreign Affairs. The fund receives its investment capital from the state budget. Its head office is located in Oslo with local offices in Thailand, Costa Rica, Kenya, Mozambique and Ghana. The largest investment made by Norfund is in the strategic subsidiary SN Power (originally established in partnership with Statkraft), a company producing hydroelectric power in developing countries.