EBRD and IFC co-invest in Dragon Capital's Rebuild Ukraine Fund
Ukraine, Nov. 14 -- The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), a member of the World Bank Group, have jointly committed US$ 50.0 million (€43.6 million) to the Rebuild Ukraine Fund, a new private equity fund managed by Dragon Capital.The fund will provide long-term equity and quasi-equity financing for Ukrainian small and medium-sized enterprises (SMEs) and mid-cap companies, helping them to grow despite the challenges caused by Russia's full-scale invasion, as well as to contribute to Ukraine's future reconstruction.The EBRD and IFC's anchor investments of US$ 25.0 million (€21.8 million) each will help the fund to achieve a viable first close and send a strong s...
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