The Ukrainian business support fund attracted $350M and exceeded its initial target by 40%.
Private Equity Fund Horizon Capital attracted $350M for investments in Ukrainian companies through its Horizon Capital Growth Fund IV fund. The fund, launched in 2022, reached this amount at the final close that took place in Tokyo on February 19, 2024. Now, the total amount under the company’s management is $1.6B. It is noted that the company has exceeded the fund’s initial target size of $250M by 40%. Investors twice supported an increase in the fund’s maximum length: first from $250M to $300M and then to $350M. The fund’s pipeline includes more than 80 investments in fast-growing export-oriented enterprises, mainly in the technological sphere. The company also notes that the investors who supported the HCGF IV have about $700B in capital. Among them are such international financial institutions as the IFC, EBRD, the EIB through the EU Fund for Ukraine, DFC, DEG, FMO, JICA, Proparco, SIFEM, Swedfund, Finnfund, WNISEF, IFU, and others.