IFU Supports Ukraine with DKK 550m Investment
Deal News | Feb 24, 2025 | Investment Fund for Developing
The Investment Fund for Developing Countries (IFU) has demonstrated substantial commitment to Ukraine's business sector and infrastructure over the past three years, following Russia's invasion. The Danish Ukraine Fund has primarily facilitated funding of close to DKK 550 million, aiding private companies and bolstering public infrastructure resilience. Despite the high investment risks in Ukraine, IFU's long-standing presence in the country allowed continuous funding, particularly in renewable energy, food, healthcare, and finance sectors. Further, local small and medium enterprises have benefited from IFU's financing, critical for maintaining Ukraine's economy. The Danida Sustainable Infrastructure Finance program has been pivotal in supporting infrastructure projects like district heating systems and water supply improvements. As the demand for infrastructure enhancement grows, IFU is poised to continue its dedication, with an additional allocation set for 2025.
Sectors
- Private Equity and Venture Capital
- Infrastructure
- Renewable Energy
- Healthcare
Geography
- Ukraine – Ukraine is the primary focus of the investments and infrastructure projects discussed in the article.
- Denmark – The Danish Ukraine Fund and the involvement of IFU, a Danish investment fund, highlight Denmark's role in supporting Ukraine.
Industry
- Private Equity and Venture Capital – IFU operates as a development finance institution, similar to private equity firms in providing growth capital to emerging markets.
- Infrastructure – The article discusses significant investments in infrastructure, including district heating and water supply projects, crucial for Ukraine's recovery.
- Renewable Energy – Investments highlighted in the article include renewable energy, aimed at modernizing Ukraine's energy sector.
- Healthcare – The article mentions IFU's continued focus on healthcare investments, which are critical for supporting Ukraine's development.
Financials
- DKK 550 million – Total amount invested by IFU in Ukrainian businesses and infrastructure over the past three years.
- DKK 180 million – Amount invested by IFU over the past three years in Ukraine's renewable energy, food, healthcare, and finance sectors.
- DKK 52 million – Funding for two water supply restoration projects in Mykolaiv, Ukraine.
- DKK 366 million – Total funding allocated by DSIF to infrastructure projects across Ukraine.
- DKK 100 million – Additional allocation by the Danish Parliament to support IFU's continued investments in Ukraine in 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IFU | Investor | Company | Investment Fund for Developing Countries, responsible for contributing DKK 550 million to Ukraine's development efforts. |
| Danish Ukraine Fund | Funding Source | Company | Primary funding source for IFU's investments in Ukraine. |
| Danida Sustainable Infrastructure Finance (DSIF) | Project Support | Company | Part of IFU supporting infrastructure projects like district heating systems and water supply improvements. |
| Danico Ukraine | Beneficiary Company | Company | Danish-owned company benefitting from IFU's support, allowing it to maintain and expand operations in Ukraine. |
| Lars Bo Bertram | Executive | Person | CEO of IFU, leading the investment initiatives in Ukraine. |
| Lisbeth Erlands | Executive | Person | Senior Vice President and Co-Head of Healthcare and Ukraine at IFU. |
| Viktor Ivanitskyi | Executive | Person | CEO of Danico Ukraine, involved in the company's expansion with IFU's support. |
| Annemette Ditlevsen | Executive | Person | Investment Director at DSIF, overseeing infrastructure finance projects. |