Norfund, the Norwegian government investment fund, will contribute $15 million to the Rebuild Ukraine Fund (REBUF), managed by Dragon Capital. These funds are aimed at supporting Ukrainian companies that seek growth and development amid the military conflict.
This is reported by Finway
Supporting Resilient Ukrainian Companies
REBUF intends to raise $250 million in investments to finance businesses that demonstrate resilience despite the war. The fund’s priority sectors include manufacturing, consumer goods, healthcare, and technology. Norfund’s investment will be part of the first fundraising round, which has also attracted other European development institutions, including the IFC and EBRD, which committed to invest $25 million each in November.
“Its goal is to promote projects that carry high risks but have a significant impact on the country’s resilience, its reconstruction, and integration with European markets.”
Dragon Capital’s Investment Strategy
Dragon Capital has confirmed its readiness to invest $20 million of its own funds in REBUF. The company has been managing direct investment funds since 2010, and REBUF has now become the third such fund in its portfolio. The primary goal of REBUF is to support the process of economic recovery in Ukraine by investing in small and medium-sized enterprises, as well as mid-cap companies with annual revenues of up to $50 million.
Norfund’s investment in REBUF is the fund’s second attempt to support Ukraine in line with its development mandate aimed at ensuring economic resilience, reconstruction, and further integration of Ukrainian companies into European markets.