KYIV. May 31 (Interfax-Ukraine) – Horizon Capital intends to launch private equity fund Emerging Europe Growth Fund III, L.P. with a capital of $150 million, according to a newsletter from the fund.
According to the document, the fund will focus on small but fast-growing export-oriented companies in Ukraine and Moldova. The fund will invest primarily through the purchase of minority stakes in such companies. At the same time, if necessary, provision of start-up capital, a full redemption of companies or participation in privatization is possible.
One of the investors in the fund may become Overseas Private Investment Corporation (OPIC, the United States). The OPIC board of directors will consider the issue of providing the fund with $37.5 million for ten years on June 9, 2016.
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.
