51834
Horizon Capital Catalyst Fund
Dec 1, 2025
Ukraine
Europe
Jan 7, 2026
FI-1 - Significant
Active
Apr 16, 2026
Equity Portfolio Management
Funds
Approved : Jan 7, 2026
Signed : Jan 20, 2026
Invested : Apr 13, 2026
Growth Equity Fund
Blended Finance
The proposed project consists of (i) an IFC equity investment of up to €50 million in Horizon Capital Catalyst Fund, SCSp (Horizon Catalyst or the Fund), and (ii) a co-investment envelope of up to €50 million, on a delegated authority basis. The Fund will target strategic domestic sectors that are critical to Ukraine’s reconstruction including digital infrastructure, energy, construction materials and select industrials. The Fund aims to play a catalytic role in Ukraine’s reconstruction by mobilizing up to €3 billion through partnerships with global strategic investors, international funds, and Ukrainian founders and operators. The Fund is expected to invest €20–50 million tickets, primarily in the form of growth equity, as well as quasi-equity as well as project finance, acquiring minority stakes in 8–10 mid-cap, asset-heavy domestic businesses in Ukraine and opportunistically in Moldova., where there is a strategic nexus with, and direct benefit to, Ukraine. The Fund will be domiciled in Luxembourg and has a target size of €300 million.
IFC’s investment in the Fund is expected to be supported by Blended Finance contributors under the Economic Resilience Action Program (ERA) for Ukraine, as described in the Blended Finance Section.
For Inquiries About the Project, Contact
Horizon Capital
Lenna Koszarny
+380444905580
For Inquiries and Comments About IFC, Contact