Ukraine and the United States Approve the Advisor of the United States–Ukraine Reconstruction Investment Fund
14.11.2025 | 16:09 | Section for Public and Mass Media Relations14.11.2025, Kyiv – During the ReBuild Ukraine conference, the Ministry of Economy, Environment and Agriculture of Ukraine, together with the U.S. International Development Finance Corporation (DFC), announced a key operational partner for the United States–Ukraine Reconstruction Investment Fund.
The Fund’s Advisor has been confirmed as Alvarez & Marsal.
Alvarez & Marsal (A&M) is a global consulting firm with over 12,000 professionals across 90 offices in 43 countries, specializing in financial and operational consulting, investment management, and performance monitoring. The company has experience in critical minerals, energy, infrastructure, and ICT sectors, and implements projects in Ukraine for both public and private sector clients. The Ukrainian A&M team includes experts in financial consulting, project management, and capital project oversight.
The company will provide strategic investment support, including project preparation, due diligence and financial analysis to identify and evaluate potential investment opportunities.
‘The selection of partners for the Reconstruction Fund was conducted in several stages in accordance with the procedures agreed upon between the Governments of Ukraine and the United States. International companies with experience in fund administration, risk management, and financial reporting took part in the tender. The proposals were evaluated based on technical, financial, and reputational criteria. The final decision was made unanimously by the Management Board, which includes three representatives from each party,’ said Oleksii Sobolev, Minister of Economy, Environment and Agriculture of Ukraine.
The involvement of Alvarez & Marsal in the Fund’s management structure is an important element in strengthening its institutional capacity. Their participation ensures a transparent decision-making process, adherence to international standards of management, and compliance, and enhances investor confidence in the Fund's mechanisms.
After the approval of the Adviser, the Fund will select the Fund Administrator and proceed to complete the organisational stage, and launch the financial procedures necessary to start operations and launch the first projects.
The United States–Ukraine Reconstruction Investment Fund was established through an intergovernmental agreement between Ukraine and the United States. The Fund’s initial capital has been formed from equal contributions – $75 million from the United States via DFC and $75 million from Ukraine, totaling $150 million in seed capital. These funds are expected to be invested in three projects by the end of 2026.
The Fund’s governance structure includes a Board of Managers and four dedicated committees: Investment, Audit, Administrative, and Prospecting. The Fund will invest in five priority sectors: critical minerals, energy, infrastructure, ICT and emerging technology. Investments in these areas will facilitate capital investments in production and processing, job creation, renewal of the geological base and technological development, as well as expansion of long-term sales channels for Ukrainian producers, in particular in the US markets.