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Horizon Capital with its fifth fund raises assets under management to $ 1.1 bln
KYIV. Sept 27 (Interfax-Ukraine) – The American private equity fund Horizon Capital has raised $ 258.3 million for Ukraine-oriented Horizon Capital Growth Fund II (HCGF II), according to the company’s website.
According to the report, this fund became the fifth under its management, and their total assets reached $ 1.1 billion.
Horizon Capital Growth Fund II, LP is a private equity fund that provides additional capital and supports the further development of some high-tech Ukrainian companies. The fund’s investors are international institutional investors, international financial institutions and global family offices, the website says.
Earlier, the European Bank for Reconstruction and Development (EBRD) announced that it had allocated $ 10 million to HCGF II. The EBRD clarified that HCGF II was formed to support individual companies in which another fund from the Horizon Capital portfolio has invested – Emerging Europe Growth Fund II (EEGF II).
A source in the market told Interfax-Ukraine that at present Horizon Capital is also forming a new fund with an approximate volume of about $ 250 million.
Horizon Capital is a large investment company that manages five private equity funds (more than 40 institutional investors) with assets of $ 1.1 billion, including WNISEF (with capital of $ 150 million), EEGF ($ 132 million), EEGF II ($ 370 million) and EEGF III ($ 200 million). The money of these funds is invested in projects in Ukraine, Moldova and Belarus.
The company currently has two founding partners – CEO Lenna Koszarny and Investment Committee Chairman Jeffrey C. Neal. The company’s offices are located in Kyiv and Chicago.
