Euroventures Ukraine Fund II (EVU II) is the second fund launched by EVU in late 2005 focused primarily on Ukraine. In 2006 EVU II had a second closing for total of US$ 80 million from: - EBRD for US$ 25 million or 33% of the total fund's capital;
- International Finance Corporation (IFC) for US$ 7.5 million or 10% of the total fund's capital;
- SECO (Swiss governmental development institution) for US$ 5 million;
- IDI (Large French private equity fund manager) for US$ 10 million;
- Number of private western institutional investors and family offices for over US$ 27 million (combined);
- At the time of the final closing, July 31, 2006, EVU II was oversubscribed by another US$ 5 million investment from Dutch FMO.
Strategy of EVU II is the same as in EVU I to be opportunistic in order to maximize fund returns by targeting young, yet established companies with professional, trustworthy management who are executing sustainable, corruption-resistant business models in rapidly growing industry segments. Early Stage and Expansion Private Equity Fund is going to be distributed for direct investments in operating companies based primarily in Ukraine and opportunistically in neighbouring countries. Majority or significant minority equity investment will be directed in high growth segments of the increasingly free market economy of Ukraine.
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