BAKU, Azerbaijan, Jan. 21. The European Bank
for Reconstruction and Development (EBRD) has announced a €30
million commitment to the Horizon Capital Catalyst Fund (HCCF), a
private equity vehicle targeting investments in Ukraine to aid
reconstruction and economic recovery, Trend reports via the
EBRD.
HCCF has already secured over €150 million in commitments,
exceeding 50% of its €300 million target, marking the milestone
with a signing ceremony at Ukraine House Davos, held during the
World Economic Forum Annual Meeting. Other investors include the
International Finance Corporation (IFC) and development agencies
from Sweden, France, Norway and the Netherlands, including
Swedfund, Proparco, Norfund, and FMO.
Launched at the Ukraine Recovery Conference (URC) in Rome in
July 2025, HCCF aims to channel international capital into
Ukrainian businesses, fostering resilience and long-term growth
despite ongoing challenges. The fund will focus on
capital-intensive, domestically oriented mid-cap companies in
sectors such as energy, digital infrastructure, and construction,
with a particular emphasis on energy projects to strengthen
Ukraine’s energy security.
HCCF will continue to engage with investors to reach its €300
million target, providing robust support for Ukrainian enterprises
and contributing to a sustainable, inclusive recovery.
The EBRD has maintained a long-standing partnership with Horizon
Capital, having invested in all Horizon-managed funds since 2017.
Recent cooperation includes backing the Horizon Capital Growth Fund
IV, which provided expansion capital to fast-growing technology and
export-oriented companies.
As Ukraine’s largest institutional investor, the EBRD has
deployed over €9 billion in the country since the Russian invasion
in 2022, supporting energy security, critical infrastructure, food
security, trade, and the private sector.
