Swedfund invests in private sector recovery and resilience in Ukraine
Introduction
Swedfund invests USD 15 million in the Rebuild Ukraine Fund (REBUF) to support Ukraine’s economic recovery. The investment will provide long term capital to small and medium sized enterprises, helping sustain jobs and access to essential goods and services in a country affected by war.
Small and medium sized enterprises are a core part of Ukraine’s economy, yet access to long term risk capital has declined sharply since the full-scale invasion. Swedfund’s investment addresses this gap by providing patient capital to companies that continue to operate and deliver economic activity and essential services.
The investment will support companies in sectors including healthcare, financial services, agri related industries, retail and technology, with a focus on corporate governance, productivity and sustainable business practices.
“Maintaining a functioning private sector is essential for Ukraine’s recovery. Through this investment, Swedfund provides long-term capital to companies that are important for employment, essential services, and economic activity. This is where our capital can be most additional and catalytic,” says Sofia Gedeon, Investment Director Sustainable Enterprises at Swedfund.
In addition to capital, Swedfund will actively engage on environmental, social and business integrity standards, supporting the fund manager in strengthening governance, sustainability practices and impact management in line with international requirements.
The investment contributes to SDG 10 Reduced Inequalities, by safeguarding jobs, supporting economic activity, and strengthening resilience in a war-affected country.
Swedfund’s investment is made alongside development finance institutions IFC, EBRD and Norfund.
About Rebuild Ukraine Fund
Rebuild Ukraine Fund is a private equity fund investing in small and medium sized enterprises operating in Ukraine. The fund is managed by Dragon Capital, a well-established Ukrainian investment and financial services firm founded in 2000, and has a mandate to provide long-term risk capital to companies in sectors relevant to economic activity and essential services.