Highland Private Equity and Mezzanine Fund

Location:

Kyrgyz Republic

Project number:

50336

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

28 Jan 2020

Status:

Signed

PSD disclosed:

19 Jun 2019

Translated version of this PSD: KyrgyzRussian

Project Description

The proposed transaction is an equity commitment of up to US$ 8 million in favour of Highland Private Equity & Mezzanine Fund LP (the "Fund").

Project Objectives

The Fund will make mezzanine and equity related investments in small and medium-sized enterprises in the Kyrgyz Republic, with the objective of achieving long-term capital appreciation.

Transition Impact

The Bank's investment will provide long-term risk capital to small and medium-sized enterprises in the Kyrgyz Republic, thereby increasing the competitiveness of investee companies and strengthening the resilience of the domestic financial sector by developing alternative sources of funding and expanding private equity and mezzanine finance as an asset class.

Client Information

HIGHLAND PRIVATE EQUITY AND MEZZANINE FUND

EBRD Finance Summary

USD  8,000,000

Total Project Cost

USD  30,000,000

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and to submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Eldan Usubakunov
usubakunov@highland.kg
+996 312 961 935
http://www.highland.kg
Business Center Avangard, 7th floor, 125/1 Toktogul Street, Bishkek, Kyrgyz Republic

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