BAKU, Azerbaijan, January 22. On the sidelines
of the World Economic Forum, the European Investment Bank (EIB) has
announced a €50 million commitment to Amber Dragon Ukraine
Infrastructure Fund I (ADUIF), the first specialised infrastructure
equity fund dedicated to Ukraine, Trend reports via the EIB.
The fund aims to mobilise private capital to support the
country’s recovery and long-term reconstruction efforts.
Alongside the EIB’s commitment, the fund is expected to attract
contributions from the European Bank for Reconstruction and
Development (EBRD), the International Finance Corporation (IFC),
Swedfund, and Impact Fund Denmark. These combined commitments are
projected to reach approximately €200 million at first close,
exceeding half of ADUIF’s €350 million target and enabling the fund
to begin making investments.
ADUIF will focus on renewable energy, transport, and digital
infrastructure, supporting essential services, economic activity,
and Ukraine’s resilience. The fund is managed through a joint
venture between Amber Infrastructure, a European infrastructure
investor, and Dragon Capital, a leading Ukrainian investment
manager, blending international expertise with strong local market
knowledge.
The European Investment Bank, the EU’s financing institution,
has been active in Ukraine since 2007. Following Russia’s
full-scale invasion in 2022, the EIB significantly increased
support for critical infrastructure and resilience-building
projects, providing more than €4 billion in financing to date. The
EIB’s support is channelled through instruments such as the EU for
Ukraine Fund (EU4U) and the broader €50 billion Ukraine Facility,
in partnership with the European Commission, EU Member States, and
international partners.
The EU4U Fund, established in 2023, is backed by 16 EU countries
and aims to finance recovery projects that might not otherwise
secure funding. It has supported small businesses, emergency
services, and urban transport modernisation, helping maintain
essential services and strengthen Ukraine’s economic
resilience.
Amber Infrastructure is part of Boyd Watterson Global Asset
Management, managing over $36 billion in assets globally. The firm
specialises in infrastructure investment and fund management across
energy, transport, digital, and demographic sectors.
Dragon Capital, founded in 2000, is one of Ukraine’s leading
independent private investment and asset management firms, with
nearly three decades of experience investing in the country’s top
manufacturers, service providers, and landmark real estate
projects.
