ReBuild Ukraine: U.S. and Ukraine Pick A&M as Watchdog for Major Investment Fund
Ukraine and the United States have selected global consultancy Alvarez & Marsal (A&M) as the investment advisor to the American-Ukrainian Reconstruction Investment Fund.
The Gaze reports this, referring to a statement made by Ukraine’s Minister of Economy, Environment and Agriculture Oleksii Soboliev.
The advisor was chosen through a multi-stage process aligned with procedures endorsed by both governments at the ReBuild Ukraine 2025 conference. Several international firms with expertise in fund administration, risk management, and financial oversight participated in the tender.
Soboliev said proposals were evaluated on technical strength, financial capacity, and reputation, with the final decision approved unanimously by the fund’s Governing Board, which includes three representatives from each country.
Alvarez & Marsal, which employs more than 12,000 specialists across 90 offices in 43 countries, is known for its work in financial and operational consulting, investment management, and performance auditing.
The company has extensive experience in sectors central to Ukraine’s recovery, including critical minerals, energy, infrastructure, and ICT, and is already involved in several Ukrainian public and private projects.
As investment advisor, A&M will deliver strategic support, prepare investment proposals, conduct due diligence, and perform financial assessments to identify viable reconstruction and development projects.
The Ministry of Economy said bringing in a reputable international partner is key to ensuring the fund’s institutional integrity. The move is expected to reinforce transparent decision-making, align operations with global audit and compliance standards, and boost confidence among foreign investors considering large-scale projects in Ukraine.
The American-Ukrainian Reconstruction Investment Fund is projected to reach around $200 million by the end of next year, with additional hundreds of millions expected through co-financed projects.
In September, the U.S. International Development Finance Corporation (DFC) committed $75 million to the fund, a contribution that Ukraine has pledged to double.
As The Gaze explained earlier, the US-Ukraine Reconstruction Investment Fund is a joint initiative to channel funding into Ukraine’s post-war recovery, focusing on critical mineral development, infrastructure, and technological projects.