Another Step Taken to Create Fund of Funds in Ukraine16 Dec 2019

In recent years, the Ukrainian Venture Capital and Private Equity Association has been raising the issue of establishing the Fund of Funds in Ukraine, having held a number of meetings with government officials and international financial institutions.

Meanwhile, another step in this direction has been taken. The process of implementing the Fund of Funds Initiative has started. UVCA together with the Ministry of Digital Transformation have organized a meeting with venture capital and private equity fund managers, discussing the importance of creating a fund in the country as an innovative institution, and enlisting their support in this matter.

The meeting was attended by the representatives of AVentures Capital, Digital Future, Diligent Capital Partners, Empire State Capital Partners, Horizon Capital, Hype Ventures, ICU, REACTOR, SMRK VC Fund, TAVentures, WeFund Ventures, Western NIS Enterprise Fund, and Wolf Theiss.

As a result of the meeting a working group was formed, comprising of the representatives of the Association, venture capital and private equity funds, government officials and lawyers, with the aim of creating the Concept of the Fund, taking into consideration UVCA's outline, and creating conditions for the Fund of Funds to be established by amending Ukrainian legislation.