IFC and EBRD Co-Invest in Dragon Capital's Rebuild Ukraine Fund
Ukraine, Nov. 14 -- The International Finance Corporation (IFC), a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD) have jointly committed $50 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-caps, helping them to grow despite the challenges caused by Russia's invasion of Ukraine and to contribute to the country's future reconstruction.The EBRD and IFC's anchor investments of $25 million each (€21.8 million equivalent) will help the fund to achieve a viable first close, and will additionally send a strong signal to the m...
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