
Ukraine offers a unique blend of business opportunities, with a growing economy and a favorable investment climate.
The country has a highly skilled workforce, with over 70% of the population having higher education.
With a strategic location between Europe and Asia, Ukraine provides easy access to major markets and trade routes.
Investors can tap into Ukraine's thriving IT sector, which has seen significant growth in recent years, with a 20% increase in exports.
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Investment Structure
Investment Capital Ukraine is a multifaceted organization with a diverse range of investment structures.
The company has a strong presence in Ukraine, with a significant presence in the debt and equity origination, M&A advisory, and financial consulting sectors.
ICU has completed transactions worth over $5 billion in debt restructuring as of 2015, solidifying its position as a leading player in the industry.
ICU Holdings Limited is the parent company of several subsidiaries, including Investment Capital Ukraine, Westal Holdings Ltd, and Bank Avangard.
Here's a breakdown of the subsidiaries under ICU Holdings Limited:
- ТОВ «Компанія з управління активами „Інвестиційний капітал Україна“» (Ukraine)
- ТОВ «Інвестиційний капітал Україна» (Ukraine)
- Westal Holdings Ltd (Cyprus)
- ПАТ «Банк Авангард» (Ukraine)
- ЗНПІФ «Інвестиційний Капітал — Фонд Облігацій»
- ЗНПІФ «Інвестиційний Капітал — Фонд Акцій»
- ПІФ «Інвестиційний Капітал Збалансований»
- Відкритий пенсійний фонд «Династія»
- Інвестиційна компанія «Людвинівка 31»
Business Operations
ICU has a strong presence in trading, having been the first Ukrainian entity to become a leading member of International Swaps and Derivatives Association (ISDA) in September 2013.
ICU conducts operations at Ukraine's main trading facilities - Perspektyva Stock Exchange, PFTS Stock Exchange, and Ukrainian Exchange.
ICU is a member of a self-regulating organization, The Association of Ukrainian Stock Traders, which suggests a level of professionalism and commitment to industry standards.
ICU was chosen to be an official IPO partner of the Warsaw Stock Exchange in 2007, indicating its expertise and reputation in the field.
ICU's trading services include shares and fixed income, and it has a central position on the local stock exchange market, making it a significant player in Ukraine's financial landscape.
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Operating Activities
Operating activities are a crucial part of any business, and understanding how they work can help you run your operations more efficiently.
The operating activities of a business include all the day-to-day activities that keep the business running, such as managing inventory, processing orders, and providing customer service. These activities are usually the core of a business and can make up a significant portion of its expenses.
A well-run operating activity can save a business a significant amount of money, for example, by reducing waste and improving supply chain management.
For another approach, see: International Business Companies Act
Trading
ICU has a central position on the local stock exchange market.
The company conducts operations at Ukraine's main trading facilities – Perspektyva Stock Exchange, PFTS Stock Exchange and Ukrainian Exchange.
ICU is a member of a self-regulating organization (SRO) – The Association of Ukrainian Stock Traders.
ICU was chosen to be an official IPO partner of the Warsaw Stock Exchange in 2007.
The company was the first Ukrainian entity to become a leading member of International Swaps and Derivatives Association (ISDA) in September 2013.
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Financial Activities
Investment Capital Ukraine's financial activities are quite impressive. The company offers asset management services to private and institutional investors, both residents and non-residents.
As of July 2013, ICU managed investments worth over 200 million dollars. That's a significant amount of money.
Their investment fund lineup includes the ZNPIF "Investment Capital - Bond Fund", a public fund that invests in fixed-income instruments, and the ZNPIF "Investment Capital - Stock Fund".
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Selected Awards

Investment Capital Ukraine has received several prestigious awards that reflect their exceptional performance in the financial industry. They were recognized as the Best Government Bond Trader by the Number of Transactions by Perspektyva Stock Exchange in 2013-2014.
Their expertise in sales has been consistently acknowledged, with Cbonds awarding them the best Sales in Ukraine for three consecutive years: 2009-2011 and 2015.
Investment Capital Ukraine's analytics skills were also commended by Thomson Reuters, placing them 3rd in the Best Analytics category in 2013.
Here are some of the notable awards they received:
- The Best Asset Management Company by World Finance in 2012
- The Best Multi-Strategy Income Fund (2nd place) by Bloomberg in 2012
Their impressive track record has earned them a reputation as a reliable and skilled player in the financial market.
Ukraine Business
ICU investment group has launched the Ukraine Recovery Fund to invest in distressed assets.
The fund was registered in May 2017 on the Cayman Islands and will operate for seven years.
The smallest sum for investment is $1 million.
ICU sees the Individuals Deposit Guarantee Fund, banks, and international banks as key sellers of these distressed assets.
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The fund will focus on investment in medium- and large-sized businesses in agriculture, FMCG, food and specialized retail, mining, and property.
The size of investment in one project is restricted to 20% of the fund capital.
ICU Group provides services for trade in securities, investment banking services, and manages the assets of joint investment institutions.
The group includes Investment Capital Ukraine LLC, AMC Investment Capital Ukraine, Bank Avangard, and AMC Troika Dialog Ukraine.
ICU Managing Director and Partner Makar Paseniuk aims to raise around $200 million for the fund.
The expected yield from these investments in Ukraine is a minimum of 20%, compared to 15-20% in the world.
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