Horizon Capital, an asset management company, that invested over $500 million via private equity funds, plans to invest $100-200 million more in the country in the coming five years, Horizon Capital founder and CEO Lenna Koszarny has said.
“We continue investing after this difficult 2013-2014 period – more than $50 million over this period. Our plans for the next five years are to invest another $100-200 million. Now we see many opportunities,” she said in an interview with the Business weekly.
According to her, at present the company is discussing the possibilities of entering into the charter capital with more than 30 companies, trying to find “founders-visionaries”.
Koszarny said that the offer of lending to Ukrainian business has recently increased. It must be supplemented with foreign direct investment (FDI), and its volume today is only $1-1.5 billion per year.
“For five years, I would like to see investments at $6-7 billion annually: from America, Europe, but also from the Middle East, Asia, India and China,” the Horizon Capital CEO said.
According to Koszarny, the IT industry can be the driver of export for Ukraine due to the switch from the model of export of raw materials to the model of export of goods and services with high added value.
Horizon Capital was established in 2006. It manages private equity funds Western NIS Enterprise Fund (WNISEF, established in 1994 with a capital of $150 million), Emerging Europe Growth Fund, L.P. (EEGF, established in 2006 with a capital of $132 million) and EEGF II (EEGF, established in 2008 with $370 million capital).
The money of these funds is invested in projects in Ukraine, Moldova, and Belarus.
The founding partners of Horizon Capital are Jeffrey C. Neal, Mark Andrew Iwashko, Natalie Jaresko and CEO Lenna Koszarny.
In June 2016, OPIC (Overseas Private Investment Corporation) said that the OPIC would provide up to $37.5 million to EEGF III launched by Horizon Capital for the period of up to 10 years.
