EBRD has made an equity commitment of USD 10 million to Horizon Capital Growth Fund II, L.P. (the "Fund", "HCGF II"), a private-equity fund investing in Ukraine-based assets and formed as the continuation vehicle for select assets of Emerging Europe Growth Fund II, L.P., also managed by Horizon Capital.
This project will support the further development of a portfolio of high-growth digitally-enabled companies in Ukraine and will provide significant additional follow-on capital raised during this process.
ETI score: 66
This project is expected to contribute to the Resilience of financial markets by supporting the development of the secondary private equity market and therefore enhancing liquidity options in this asset class. This project will also support the Competitiveness of the Ukrainian economy by contributing to the further development of the Fund's portfolio companies.
HORIZON CAPITAL GROWTH FUND II
The Fund is managed by Horizon Capital Associates II, LLC.
EBRD Finance Summary
An equity commitment of up to USD 10 million.
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2019). The Fund will manage and monitor existing portfolio companies and may commit additional follow-on capital raised during this process to such companies. The Fund applies the IFC performance standards, as well as EBRD's Category A and referral requirements, and has in place an ESMS which is appropriate to manage the existing exposures of the Fund.
Technical Cooperation and Grant Financing
Company Contact Information
Tetyana Bega, Investor Relations and Communications Director
+38 (044) 490-5580
+38 (044) 490-5589
4 Mykoly Rayevskoho Street Kyiv 01042 Ukraine
PSD last updated
11 Jun 2021
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Independent Project Accountability Mechanism (IPAM)
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