Horizon Capital - EEGFIII

Location:

Regional

Project number:

48033

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

12 Dec 2018

Status:

Signed

PSD disclosed:

22 Mar 2017

Original PSD

Please note: PSD updated 1 November 2018

Translated version of this PSD: Ukrainian

Project Description

An additional equity commitment of up to USD 10 million to Emerging Europe Growth Fund III (the "Fund"), a Delaware limited partnership.

Project Objectives

The Fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies primarily in Ukraine and Moldova.

Transition Impact

The transition impact of the Fund will primarily be generated through the demonstration effect and market expansion of the private equity asset class in the region by supporting the follow-on fund of an experienced team of investment professionals. In doing so, the project will provide an alternative source of financing to small and medium sized enterprises in the investment region.

Client Information

HORIZON CAPITAL

The Fund will be managed by Horizon Capital Associates III LLC.

EBRD Finance Summary

US$ 10,000,000

An additional equity commitment of up to US$ 10 million.

Environmental and Social Summary

Categorised FI. 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 submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Tetyana Bega, Investor Relations Manager
TBega@horizoncapital.com.ua
+38 (044) 490-5580
+38 (044) 490-5589
www.horizoncapital.com.us
4 Mykoly Rayevskoho Street Kyiv 01042 Ukraine

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