14:36 30.05.2016 U.S. Overseas Private Investment Corporation (OPIC) could provide a loan of up to $25 million to Dragon Capital New Ukraine Fund (DCNUF) created by Dragon Capital jointly with Ukrainian Redevelopment Fund LP (URF) managed jointly with Soros Fund Management (SFM). OPIC said in a report that its board is to consider the provision of the funds for 10 years at a meeting on June 9. The target size of the fund is $150 million. The fund would invest in six or 12 projects, preferring the acquisition of controlling stakes in stable businesses with strong management teams and a large growth potential. The founder and head of Dragon Capital Tomas Fiala said that three possible projects have passed due dilligance. "We think that we would be able to announce first deals within three months," he said. Fiala said that Dragon Capital New Ukraine Fund was formalized with famous philanthropist George Soros in October 2015. He said that the longer term from announcing DCNUF to signing of first deals is linked to the fact that the fund buys only controlling stakes in companies. He said that this approach on the Ukrainian market is unique. He said that Emerging Europe Growth Fund III (EEGF III) under formation would buy minority and blocking stakes. EEGF III will be managed by Horizon Capital and OPIC could invest up to $37.5 million in it. Fiala said that the last deal of the previously created Europe Virgin Fund (EVF) was finalized in April and May 2015. The funds were invested in the private security service market operator – Venbest.
US Overseas Private Investment Corporation (OPIC) is considering the provision of $25m to Dragon Capital New Ukraine Fund (DCNUF) with a target fund size of $150m. The OPIC has been providing financial support for Ukraine's efforts to attract foreign investment since 2014. So far, three projects have passed due diligence for investment with deals expected to be announced within the next few months.