Europe Virgin Fund
Moldova, Ukraine | Financial Institutions- Identification Code:
- OP/10/0805
- Total Operation Cost:
- 72.000.000 USD
- Maturity:
- 96 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date12.025.000 USD – 29 Apr 2011
-
BSTDB Signed Amount – Signed Date12.000.000 USD – 29 Jul 2011
-
Status:Completed
- Description and Purpose of the Operation:
- The Bank will invest up to USD 15 million as capital commitment and up to USD 25,000 as equalization premium in the Europe Virgin Fund (the "Fund"). The investment will support the Fund to provide private equity financing to a wide range of private sector businesses with primary operations in Ukraine, Moldova and Belarus.
- Countries of Operation:
- Moldova (0,10%), Ukraine (100,00%)
- Financial Product:
- Equity Investments
- Sector:
- Financial Institutions
- Domain:
- Private
- Borrower/Client:
- Europe Virgin Fund L.P. is the new investment fund, which has had its First Closing in August 2010. The Fund has been established with participation of three anchor institutional investors, EBRD, Dragon Capital and SIFEM.
- Co-Financers/Participants:
- EBRD, SIFEM, Dragon Capital
- Guarantors/Sponsors:
- Dragon Capital
- Developmental and Regional Cooperation Impact:
- support the capital market development in Ukraine and Moldova; support capital access for private SMEs in conditions when capital markets are very restrictive and banks prefer to lend short-term; provide financing to the SMEs with which the Bank is not able to work directly; facilitate transfer of high standards of corporate governance and integrity in portfolio companies.
- Environmental Classification and Impact:
- Screened as FI category. Environmental assessment showed that the Fund has developed investment guidelines which also specify the sectors it will not enter, and which are compliant with the BSTDB Negative List of Products. In addition it will not enter into metallurgy, extraction industries, large infrastructure, and conventional energy generation.
- Operation Leader:
- Financial Institutions II
- E-mail:
- fi2@bstdb.org
As of 28 Feb 2026
