Emerging Europe Growth Fund III

Emerging Europe Growth Fund III, LP (EEGF III) closed in December 2018 at hard-cap of $200 million far surpassing its original target of $150 million.

EEGF III was launched with an anchor commitment from Western NIS Enterprise Fund and attracted investments from the EBRD, FMO, IFC, PROPARCO, DEG, IFU with over one-third of capital raised from institutional investors, foundations, family offices and other private investors. The new fund enjoys strong backing from existing investors of Horizon Capital’s prior funds, who contributed over 55% of total commitments.  U.S. and Europe-based investors contributed roughly 35% each of total capital raised, with the remainder from other international investors.

Its strategy focuses on fast-growing, export-oriented companies that leverage Ukraine’s cost competitive platform to generate global revenues primarily in IT, light manufacturing, food and agriculture, and select domestic champions in healthcare and pharma, consumer goods and e-commerce.

EEGF III is investing alongside new generation visionary entrepreneurs who are building their companies, number one or two in their industry, interested in growth capital and value a partner who will contribute to their business success. Its investment size is from $5m to $20m.

EEGF III has made eight investments.  Investments include Genesis, global IT product company; Intellias, fast-growing large IT services company; Yarych, leading biscuits producer; MAIB, #1 bank in Moldova; Ajax Systems, a leading smart security systems manufacturer, Dobrobut, the leading private healthcare services provider, and others.