Original disclosure @ IFC website
Updated in EWS Sep 4, 2022
Disclosed by Bank Jun 24, 2022
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According to the bank website, the project consists of an IFC equity commitment of up to $30 million in Horizon Capital Growth Fund IV, (HCGF IV or the Fund) a private equity (PE) fund with a target size of $250 million. The Fund will invest primarily in fast-growing technology and export-oriented mid-cap companies, primarily active in Ukraine and Moldova, benefiting from cost competitive local platforms with global reach. The Fund will make investments of $10-30 million to acquire minority stakes in 10-15 mid-cap companies with enterprise values of $50-150 million. HCGF IV is the successor fund to Emerging Emerging Europe Growth Fund III (2017 vintage) and will follow a similar investment strategy focusing on IT services and products, as well as e-commerce, innovative consumer goods, and fintech.
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