Ukraine-Moldova American Enterprise Fund

Usaid approved the launch of a $30 million legacy program funded by a portion of the profits earned from investment activities. The program focuses on export promotion, local economic development, impact investment and economic leadership. In april 2016, usaid approved i) expanding the legacy program to $35 million; ii) $5 million earmarked for direct investments in smes, primarily start-ups; and iii) a $30 million commitment to emerging europe growth Fund iii, l.p. a Fund launched by horizon capital and focused on providing financing to smes in ukraine and moldova. In january 2023, umaef received new funding of $134 million in form of debt securities and cash transferred from the u.s. russia investment Fund (tusrif) in partnership with the u.s. congress via usaid. In september 2023, usaid approved using the tusrif funds for supporting the creation, recovery and expansion of sme and economic development in ukraine and moldova in the high level programmatic areas as direct investment and sme development, impact investing, local economic development, entrepreneurship, education and innovation and u.ventures.

Ukraine-Moldova American Enterprise Fund encourages, through lending, investment, and technical assistance, the creation and expansion of small and medium-sized enterprises in the ukraine and moldova. Ukraine-Moldova American Enterprise Fund also fulfills its mission of attracting additional private capital to the region through its usaid-approved role as a sponsor of the emerging europe growth Fund, lp, a private equity Fund launched in 2006 and emerging europe growth Fund iii, lp("eegf iii"), a private equity Fund launched in 2017.in august 2022, based on approval of the board of directors, umaef became an investor of hcgf iv, a private equity Fund launched by horizon capital, with $10 million commitment at its first closing.