The International Finance Corporation (IFC) of the World Bank Group intends to invest up to 40 million euros in the capital of the new Amber Dragon Ukraine Infrastructure Fund I, which has a target size of 350 million euros. The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have previously expressed their intention to invest 60 million euros and 40 million euros, respectively.
According to information on the IFC website, the organization’s board of directors plans to consider this project on September 30 of this year.
The corporation reports that the fund will be jointly managed by Amber Fund Management Limited, part of Boyd Watterson Global Asset Management Group LLC, and Dragon Capital Advisors Limited. It is specified that the fund will focus on the restoration and modernization of Ukraine’s key infrastructure, and will also invest in energy transition (generation, transmission and distribution of renewable energy, storage), digital infrastructure (data centers, telecommunications towers, fiber optic networks) and transport and logistics projects (ports, roads and railways, industrial parks, cold storage warehouses, intermodal terminals).
Amber, which has completed more than 175 infrastructure investments worldwide, has established itself as an international infrastructure fund manager with a strong presence in Central and Eastern Europe, IFC said. Dragon Capital is a Ukraine-based investment group with deep local roots and significant experience in private equity and real estate in the country.
IFC’s investment in the Amber Dragon Ukraine Infrastructure Fund is expected to be supported by blended financing participants under the Economic Resilience Action (ERA) for Ukraine, with France and other guarantors providing a first-loss guarantee of up to €20 million.
Evgeniy Baranov, Managing Director and Head of Infrastructure at Dragon Capital, said at the Ukrainian Recovery Conference URC2025, held in Rome on July 10-11, that over the past year, Dragon Capital and Amber have formed an impressive portfolio of projects that can attract even more capital than the fund intends to raise.
As stated in the fund’s presentation at URC2025, its strategy includes investments in controlling stakes or co-investments with like-minded investors, with the average investment size ranging from €20 million to €50 million.
At the end of June, the EIB announced that the project was at the assessment stage, and the EBRD Board of Directors planned to consider it on September 24 this year.
Baranov noted that the first project of the Amber Dragon Ukraine infrastructure fund was announced at URC2025 – the Power One distributed energy project, for which the EBRD intends to allocate 21.1 million euros in financing.
Dragon Capital is one of the largest investment groups in Ukraine in the field of investments and financial services, offering a full range of investment banking and brokerage services, direct investments and asset management for institutional, corporate and private clients. It was founded in 2000 in Kyiv. According to the founder and CEO Tomas Fiala, the group’s investment portfolio currently includes almost 50 different companies and projects in the real estate sector. From 2015 to 2021, the company invested about $ 700 million in Ukraine, excluding reinvestments, and plans to invest $ 100 million in 2025.
Your email address will not be published. Required fields are marked *