On 6 June 2022 UkraineInvest and Magellan Investment Holdings Limited entered into a Memorandum of Understanding to create a new investment vehicle to facilitate institutional capital into strategic and critical sectors within Ukraine.
Magellan Investment Holdings is an American holding company with diversified investments and operations in the US, Europe, Middle East, and Asia.
The Agreement was executed in Kyiv today by Yevhenii Shakotko, Acting Executive Director of UkraineInvest and Ron Wahid, CEO of Magellan. Under the terms of the MOU, Magellan will create a special purpose investment vehicle in the US, which will then be invested in high-impact opportunities, including SME’s, in urgent need of investment. UkraineInvest will support effective implementation of Magellan’s initiatives through guidance and co-ordination with the relevant central and local authorities. As a conduit to businesses in Ukraine, UkraineInvest will help ensure in-bound capital creates positive impact on the local communities in Ukraine, in as short a time as possible.
Magellan expects to raise $500 million US in the fund’s initial close.
UkraineInvest is looking forward to uncovering the potential of cooperation with Magellan Investment Holdings.
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