HCGF is now capitalized at USD 254m. It invests in high-growth, high-impact tech and export-oriented companies, including light manufacturing, food processing, innovative consumer goods, fintech and more. The investments are expected to contribute to Ukraine’s ongoing economic resilience, including supporting growth and job creation, expanding the tax base, increasing availability of capital for SMEs, and promoting gender equality. The fund also became the first fund in Central and Eastern Europe (CEE) to be awarded 2X Flagship Fund status. Such funds are gender-smart funds, who are committed to both improving gender diversity in the investment industry, including the fund managers themselves, and to investing with a gender lens to build gender-smart portfolios.
SIFEM committed USD 15m in the first closing in September 2022. As a first-round investor, SIFEM played a catalytic role in accelerating capital flows to the Ukrainian and Moldovan economy. The fund is backed by two International Finance Institutions, seven other bilateral Development Finance Institutions, and two private initiatives. With this investment, SIFEM contributes directly to several impact key targets and proves to be an important instrument of the Swiss International Cooperation Policy.
Mirjam Garzon, Deputy Business Services Manager, mirjam.garzon, +41 22 552 79 13 @sifem.ch