The EEGF III fund – whose target size in $150 million – invests into export-oriented industries, in particular in the fields information technology, light manufacturing and food.
Focus is also made on e-commerce, healthcare and other sectors that are geared towards the domestic market.
Among the first investments already made by the EEGF III are a light manufacturing company and an IT product company, both of which are noted for their social involvement.
The fund’s anchor investors include the Western NIS Enterprise Fund (WNISEF), a regional private equity fund backed by USAID to invest in Ukraine and Moldova, the International Finance Corporation (IFC, a member of the World Bank Group), the European Bank for Reconstruction and Development (EBRD) and the Dutch development finance institution FMO.
The fund is managed by Horizon Capital, a fund manager with offices in Kyiv (Kiev), Ukraine and Chicago which originates and manages investments in mid-cap companies