LONDON, September 26, 2022 /PRNewswire/ — Horizon Capital, a US private equity firm that invests in fast-growing technology and export-oriented companies Ukraine and the nearby region, announced the launch of Horizon Capital Growth Fund IV, LP (“HCGF IV”, the “Fund”) $125 million raised at first closing. Horizon Capital is the leading private equity firm in Europe’s emerging markets with over $1.2 billion in assets of investors with a higher capital base $570 billionraising over $580 million of growth capital to support visionary entrepreneurs Ukraine and Moldova (the “Region”) in just over 5 years. Funds managed by Horizon Capital have invested in over 160 companies employing more than 77,000 people in the region.
With the launch of HCGF IV, Horizon Capital has achieved a record high in first closing, capturing 50% of its stake $250 million goal and the highest first close result in the company’s history. The first closing of the fund was made by the European Bank for Reconstruction and Development (“EBRD”), the International Finance Corporation (“IFC”), the German Investment and Development Company (“DEG”) and a subsidiary of KfW Bankengruppe, the Dutch Entrepreneurial, supporting Development Bank (“FMO”), the Swiss Investment Fund for Emerging Markets (“SIFEM”), the Western NIS Enterprise Fund and the Zero Gap Fund, an impact investing collaboration between the Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation. The official signing ceremony took place today at IFC London Office and comprised senior representatives from these respected institutions along with the Founding Partner and CEO of Horizon Capital Lena Koszárnyand Senior Partners Vasile Tofan.
“We are honored to make history by launching the first fund for Ukraine and Moldova since February 24ththand the first to support these countries since they achieved well-deserved and hard-fought EU candidate status in June,” he said Lena Koszárny, founding partner and CEO of Horizon Capital. “We dedicate this fund to the people of Ukrainewho inspire the world with their bravery and tenacity in defending their homes and thus securing a future in which to live Ukraine takes its rightful place among European nations. Ukraine needs partners who believe in the country, who stand side by side with its people, who lead the way and who leave no stone unturned to ensure that investment capital is available now, not when hostilities end. Ukrainians must have access to sufficient resources to drive economic prosperity, renewal and revitalization of their country. Horizon Capital has kept up Ukraine since 2006, stands with Ukraine today and in the future. We are extremely grateful to our valued limited partners for providing capital that is ready to be deployed, for their unwavering belief in our team, track record, strategy and vision, and for sending this strong signal to the marketplace. We are confident that this historic fund will be a resounding success, delivering both returns and impact for years to come.”
Vasile TofanSenior boss, continues: “I am proud of my compatriots in Moldova for hosting more Ukrainian refugees per capita than any other country, as well as for their strength and resilience throughout. This spirit of resilience is also being demonstrated by technology companies across the region, particularly in Ukrainewhere the technology sector is driving a high pace of innovation and digitization, expanding by 23% yoy in the first half of 2022 and generating record-high export earnings $3.74 billionwith more than 8 billion dollars Guidance for 2022. The new fund will continue to focus on technology and export-oriented companies, led by visionary entrepreneurs with a proven track record of leveraging competitive platforms to thrive globally and building on the success of our cohort 2017 dollars $200 million fund whose stellar results are driven by the outstanding performance of the underlying companies and their talented founders and management teams. We look forward to continuing to support founders with an average of $10-30 million in growth capital and the strong value-added contribution of our team.”
Horizon Capital (www.horizoncapital.com.ua) is the leading private equity firm in Ukrainebacked by over 40 institutional investors with over $1.2 billion managed in six funds. Horizon Capital is a value-added investor that backs visionary entrepreneurs running transformative businesses Ukraine and the nearby region. Stephenson Harwood LLP acted as legal advisor to the fund.
This press release is for informational purposes only. Horizon Capital is not providing any investment advice and does not authorize anyone to rely on the contents of this press release. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any limited interest in Horizon Capital Growth Fund IV LP (the “Interests”) or any other securities in any jurisdiction and under no circumstances constitutes an offer, a Solicitation or sale in any jurisdiction in which or to any person to which such offer, solicitation or sale would be unlawful. There is no public offering of the Shares. The investments will be offered to suitable investors as part of a private placement.
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SOURCE Horizon Capital