14:03 26.11.2014

EBRD intends to launch high-risk private equity fund with $50-60 mln capital

1 min read

Kyiv, November 26 (Interfax-Ukraine) - The European Bank for Reconstruction and Development (EBRD) is planned to launch a private equity fund which will invest in Ukrainian assets with $50-60 million capital in early 2015, EBRD Director to Ukraine Sevki Acuner has said.

"We're mulling the possibility of launching a small high-risk private equity fund in 2015. The fund will focus on technological companies, including from the IT area," he said at a press conference at Interfax-Ukraine on Wednesday.

He said that the development of the fund's structure has not been finished. It is planned that the fund's capital will be around $50-60 million.

"The project is similar to current investment of the bank into Ukrainian companies which are financed using own funds. The project is pending the approval by the bank. But it is planned to launch it early next year," Acuner said.

The EBRD is the largest financial investor in Ukraine. As of October 2014 the Bank had committed almost EUR 9.8 billion ($ 12.4 billion) through 337 projects in the country.

In 2015, the bank plans to invest EUR 1 billion into projects in Ukraine.

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