EBRD sees $150m Horizon

The bank is considering an equity investment of up to $30m in Horizon Capital Advisors’ Emerging Europe Growth Fund III.

The European Bank for Reconstruction and Development (EBRD) may inject up to $30m in the Emerging Europe Growth Fund III, managed by Horizon Capital Advisors.

EBRD’s investment would be made with a view of supporting small and medium-sized enterprises and mid-market businesses in Ukraine and Moldova. The bank is expected to make its final decision during a review by the board on May 4.

Horizon Capital is targeting a $150m close for the fund, which will make long-term and quasi-equity investments.

Overseas Private Investment Corporation (Opic), the international development agency of the US government, said in June 2016 it would supply up to $37.5m to the fund over a period of 10 years.

The fund follows the $132m Emerging Europe Growth Fund established in 2006 and Emerging Europe Growth Fund II, established in 2008 with $370m in capital.

See more from this Government Report: European Bank for Reconstruction and Development (EBRD)

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Europe ‘guarantees’ research and innovation budget

    November 28, 2017

  2. Spire enters $70m series C orbit

    November 16, 2017

  3. Definvest targets startups with $59m

    November 21, 2017

  4. Nautilus sails to $26m series C

    November 22, 2017

  5. Codiak develops $76.5m series C

    November 30, 2017