Highland Private Equity and Mezzanine Fund

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 50336

Status Signed

Location

Kyrgyz Republic

Business Sector

Equity Funds

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 50336

Status Signed

Location

Kyrgyz Republic

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

28 Jan 2020

Disclosure date

19 Jun 2019

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Kyrgyz | Russian

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

Transition impact

ETI Score:80

PSD last updated

26 Nov 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

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Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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