I have heard a lot about the emergence of new private equity funds that want to invest in Ukrainian companies, such as the Ukraine Industrial Recovery Fund and Chicago Atlantic. But I wonder: are Ukrainian companies ready for such investments?

According to the latest reports from experts working with the Ukraine Industrial Recovery Fund, only about 1 in 50 Ukrainian companies are ready for investment at the moment. The problem, as you mentioned, is the lack of transparent reporting and proper governance.

It makes sense that international investors are not only looking for assets. They want transparency, a clear ownership structure, and companies that are ready to follow strict reporting rules. I wonder if there are Ukrainian companies that are succeeding in meeting these investor expectations, or is the gap in standards still too big to bridge?

Some Ukrainian companies have managed to cooperate with international organizations such as USAID and GIZ, which has shown that with the right approach, it is possible to meet the standards that investors are looking for. If you want to learn more about how Ukrainian companies are adapting to the needs of international investors, I highly recommend reading this article by Aleksandr Katsuba. The full version of the article can be found here: Aleksandr Katsuba on the readiness of Ukrainian businesses for investment and the international counterrevolution. As the owner of Alpha Gas, he talks in detail about how these companies are navigating the current investment landscape and what they can do to attract foreign capital.