Dragon Capital Commits $20M to Rebuild Ukraine Fund, Plans First Closing in September
Dragon Capital, one of the largest private equity investors in Ukraine, has committed $20 million of its own capital to its Rebuild Ukraine Fund LP (REBUF). The fund, which was launched a year ago, is set to close its first capital raising round in September this year, according to AndriyNosok, the company’s Managing Director and Head of Direct Investment Department.
This investment comes amid ongoing efforts to stabilize and rebuild Ukraine’s economy, particularly in the wake of the war in the east. The Rebuild Ukraine Fund aims to support local businesses, infrastructure projects, and companies that have been impacted by the conflict. Dragon Capital’s participation in the fund underscores its commitment to long-term investment in Ukraine’s economic recovery.
The first closing of the fund is expected to attract additional private capital from both domestic and international investors. Nosok emphasized that the fund’s strategy focuses on sectors such, as energy, manufacturing, and technology, which are crucial for Ukraine’s economic resilience and growth.
With the global economic climate uncertain, the timing of the fund’s first closing is seen as a positive signal for Ukraine’s investment landscape. Dragon Capital’s involvement is also viewed as a testament to the firm’s confidence in Ukraine’s long-term economic prospects, despite the current geopolitical challenges.
The Rebuild Ukraine Fund is part of a broader initiative to revitalize Ukraine’s economy, with support from various international partners and financial institutions. As the first closing approaches, the fund is expected to play a significant role in attracting private and public capital to support Ukraine’s recovery and development efforts.