EBRD increased its commitments to Horizon Capital Catalyst Fund to EUR50 million

The European Bank for Reconstruction and Development (EBRD) will additionally allocate up to EUR20 million to the Horizon Capital Catalyst Fund (HCCF), increasing the total volume of its commitments to the fund to EUR50 million, the financial institution reported on Friday.

Taking into account the investors' new commitments, the fund reached EUR200 million following the second closing, or two-thirds of the target volume of EUR300 million. About half of the new commitments were provided by private investors.

Impact Fund Denmark joined the HCCF investor circle at the second close, along with private investors, including family offices and funds. The fund was previously also invested in by the International Finance Corporation (IFC), Swedfund (Sweden), Proparco (France), Norfund (Norway), and FMO (Netherlands).

After the first closing, HCCF made its first investment by providing equity capital for a 124 MW wind power project being implemented by Germany's Notus Energy in Ukraine.

"Active participation of private investors in HCCF testifies to trust in the Ukrainian economy and its resilience. Partnership with private capital is key to attracting a larger volume of investment into the country," noted EBRD Managing Director for Ukraine and Moldova Arvid Tuerkner.

As reported, in January 2026 Horizon Capital announced the first closing of HCCF at EUR150 million. At the same time, the EBRD clarified that the actual volume of the fund after the first closing was EUR152 million.

Horizon Capital Catalyst Fund invests in equity and quasi-equity capital of Ukrainian mid-cap companies and capital-intensive projects, primarily in energy, digital infrastructure, and construction.

Horizon Capital manages six private equity funds (over 40 institutional investors) with assets of $1.6 billion, including WNISEF (with capital of $150 million), Emerging Europe Growth Fund (EEGF, $132 million), EEGF II ($370 million), EEGF III ($200 million), HCGF II ($258.3 million) and HCGF IV ($350 million). The funds of these funds were invested in 191 companies, which employ over 80 thousand people in Ukraine and Moldova.