PROJECT

Projects

Summary of Investment Information

Project Number

48002

Company Name

Horizon Capital Growth Fund IV, L.P.

Date SPI Disclosed

Mar 14, 2023

Country

Ukraine

Region

Europe

Projected Board Date

Apr 20, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 25, 2025

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 19, 2023
Signed : Apr 28, 2023
Invested : Jun 27, 2023

Sector

Growth Equity Fund

Project Description

  The proposed project consists of (i) an additional IFC equity commitment of up to $30 million in Horizon Capital Growth Fund IV (HCGF IV or the Fund) in addition to an already existing commitment of up to $30 million in the Fund leading to a total commitment of up to $60 million, and (ii) a co investment envelope of up to $30 million, on a delegated authority basis, to invest in select companies alongside Emerging Europe Growth Fund III (EEGF III) and HCGF IV.

 

HCGF IV is a private equity (PE) fund with a target size of $250 million. The Fund will invest primarily in mid-cap fast-growing technology and export-oriented companies, primarily active in Ukraine (around 80% of Fund size) and Moldova (the Region) benefiting from cost competitive local platforms with global reach.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation