Rebuild Ukraine Fund (REBUF)
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.
Read more in our press release: Swedfund invests in private sector recovery and resilience in Ukraine
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
Reduced Inequalities
Reduce inequality within and among countries.
Sector
Food systems
In the Food Systems sector, we contribute to increased food production, less waste during production and increased sustainability throughout the value chain.
Value creation
Impact
The investment will provide financing and capacity‑building opportunities for small and medium‑sized enterprises in Ukraine. It is expected to support Ukraine’s economic resilience by protecting and creating jobs and sustaining economic activity, thereby contributing to economic growth and a stronger private sector.
Additionality
Our investment is financially additional as it is made in a difficult context where access to capital is limited and the business climate is poor. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, social, business integrity and corporate governance issues are prioritised.
ESG
Requirements
In line with Swedfund’s Policy for Sustainable Development, the portfolio company is required to materially comply with, inter alia: (i) all internationally recognised human rights (ii) the EDFI harmonized exclusion list and EDFI Fossil Fuel Exclusion List, (iii) local environmental, health & safety and labour laws and regulations, (iv) applicable IFC Performance Standards, (v) the ILO’s Declaration on Fundamental Principles and Rights at Work and the ILO’s Basic Terms and Conditions of Employment.
ESG Risk
E&S risk categorisation is Fund B+ based on potential E&S risks in the portfolio, the investment mandate and contextual risks given the ongoing conflict.
ESG Mitigation Measures
Swedfund is supporting the fund manager in developing its ESMS, further strengthening its E&S capacity, and addressing conflict‑specific risks across the portfolio.
Applicable IFC Performance Standards
IFC Performance Standards (PS) 1–4 are applicable.
Whistleblowing channels and Grievance Mechanism
Swedfund’s whistleblowing services can be used by employees, contractors and others at Swedfund, and by the companies and funds in which Swedfund invests. The complaints mechanism can be used for all types of complaints concerning Swedfund and Swedfund’s portfolio companies, but not for complaints concerning individuals as a result of restrictions arising from data protection legislation. 🔹 Link in website footer.
Other investments within
Energy & Climate