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Summary of Project Information (SPI) |
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| Project number | 7098 |
| Project name | Ukraine Venture Capital Fund II |
| Country | Ukraine |
| Sector | Collective Investment Vehicles |
| Department | Private Equity and Investment Funds |
| Company name | Ukraine Venture Capital Fund II |
| Environmental category | FI |
| Date disclosed | December 13, 1995 |
| Status | Completed |
| Previous Events | Invested: July 25, 1996
Signed: July 19, 1996
Approved: February 22, 1996 |
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Summary Of Project Information (SPI)
| Project Name | Ukraine-Ukraine Fund |
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Sector
Project No007098
Projected Board DateJanuary 15, 1996
Company NameUkraine Fund
Technical Partner and/or Major Shareholders
Claflin Management Partners, Bank of Boston, Emerging Markets Investors, EBRD, IFC
Project Cost Including proposed IFC investment
US$18 million, including proposed IFC investment of US$1.5 million
Location of project and Description of site
The Fund’s management company office is located in Kiev; however, portfolio companies are located throughout Ukraine.
Description of Company and Purpose of Project
The Ukraine Fund is an equity capital fund which invests in small, privately-owned Ukrainian companies. IFC committed US$2 million to the Fund in December 1993; the current project represents an increase in capital in order to continue the Fund’s investment program. To date, the Fund has made investments totalling US$5.3 million in 18 private companies throughout Ukraine.
Environmental Category and Issues
IFC’s Environment Division has classified the project as Category FI. IFC has ascertained that the Fund has an Environmental Risk Management System in place and has the capacity to assess the potential environmental risks of its investee companies.
| Date SPI sent to PIC | December 13, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365 |
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