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Ukraine’s VC and PE association launches fund of funds 

The Ukrainian Venture Capital and Private Equity Association has launched the Ukrainian Fund of Funds, an investment vehicle enabling investors to deploy capital into local funds through an intermediary. The expected initial size is $300m. 

The Ukrainian FoF is currently open to capital-raising from investors interested in Ukrainian VC and PE projects. The vehicle was first conceived in 2016.

In a press statement, the UVCA said that the investment vehicle’s primary targets include AVentures Capital, ICU Ventures, Freedom One VC, Digital Future, Flashpoint, One Way Ventures, FfVC, Ukrainian Phoenix, ZAZ Ventures, Network VC, 3X Capital, Flyer One Ventures, SID Venture Partners, 1991 Ventures, Rada Capital and Green Flag Ventures.

The investment vehicle will be led by Ertan Can, who in 2018 launched Multiple Capital, a European private fund of funds focused on emerging managers. The firm has invested in 48 funds since inception.

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