Ukraine-Moldova American Enterprise Fund (UMAEF)

Established by the U.S. government through the U.S. Agency for International Development (USAID), the Ukraine-Moldova American Enterprise Fund (UMAEF) is a private equity fund dedicated to fostering economic development in Ukraine and Moldova. With a capital base of $150 million, the fund has been instrumental in investing in small and medium-sized enterprises (SMEs) across various sectors, aiming to stimulate economic growth and job creation in the region.

UMAEF employs a multifaceted investment strategy, focusing on direct investments in SMEs, providing technical assistance, and supporting innovative programs that promote export development, local economic growth, and impact investing. The fund's portfolio spans multiple industries, including technology, healthcare, financial services, and consumer goods, reflecting its commitment to diversifying its investments to bolster the regional economy.

Over the years, UMAEF has demonstrated a strong track record, having invested over $190 million in 143 companies, which collectively employ approximately 27,000 individuals. The fund's initiatives have unlocked over $2.4 billion in total capital for Ukrainian and Moldovan companies, underscoring its significant impact on the region's economic landscape. In 2023, UMAEF received an additional $135 million in funding from the U.S. government, further enhancing its capacity to support economic recovery and development in the region.

In 2024, UMAEF rebranded from the Western NIS Enterprise Fund to better reflect its mission and activities in Ukraine and Moldova. This rebranding signifies the fund's unwavering commitment to supporting SMEs, fostering entrepreneurship, and promoting sustainable development in the region, particularly in the face of ongoing challenges. The fund continues to play a pivotal role in driving economic transformation and resilience in Ukraine and Moldova, contributing to the broader goal of regional stability and prosperity.