Horizon Capital Team

Lenna Koszarny is Founding Partner and Chief Executive Officer of Horizon Capital, the leading private equity firm in Ukraine with over $1.6B in assets under management, backed by 40+ institutional investors with a capital base exceeding $700B. Under her leadership, Horizon Capital has raised over $900M since the 2014 invasion, as well as catalyzed the largest investment in Ukraine in decades, a $1.5bn acquisition and capital expansion of Ukraine-based telecom players Datagroup-Volia and Lifecell by telecom and tech entrepreneur Xavier Niel. Ms. Koszarny is credited with the Forbes «2024 Deal of the Year» for attracting this $1.5B telecom investment for Ukraine, and recognized for raising the largest fund for Ukraine – $350M – during these challenging period for the country. In February 2022, Horizon Capital was honored as 2021 Firm of the Year for Central and Eastern Europe by Private Equity International. Ms. Koszarny’s leadership has been recognized nationally and internationally, including Ukrainska Pravda’s «Top 100 Leaders of Ukraine: Beyond What is Possible» rating in November 2024, its «Top 100 Power Women Leaders» in March 2024 and its «Top 100 Leaders of Ukraine During Wartime» in November 2023, and her inclusion in Forbes Ukraine’s « Top 50 Women Leaders Leading Ukraine to Victory» in May 2023. In November 2024, she was included in the inaugural National Security News «Top 50 Women in Security List», the Financiers category. Ms. Koszarny leads Horizon Capital in an $12T industry with circa 15% senior women, inspiring greater engagement of women in private equity and investing. Under her leadership, HCGF IV is the first 2X Flagship Fund in Central and Eastern Europe, 1 of circa 10 in total, and 1 of only 2 globally that are led by a woman Founding Partner & CEO. She is an elected Member of the Mid-Market Platform Council of Invest Europe; a Member of the Private Equity Women Investor Network (PEWIN); a Founding Member of the Ukraine House Davos Organizing Committee, and in July 2022, was recognized in Private Equity International’s 2022 Women of Influence in Private Markets list. She is also Executive Vice-President of Ukraine Moldova American Enterprise Fund (UMAEF, formerly Western NIS Enterprise Fund), a $285M US-government backed fund; Chair of the Board of Directors, American Chamber of Commerce in Ukraine, whose members have invested over $50B in Ukraine; a Member of the Board of the Ukrainian Startup Fund launched by the Government of Ukraine; a Member of the Supervisory Board of Ukrainian Leadership Academy; and, served as the first Vice-Chair of the Advisory Council of Kyiv-Mohyla Business School. On August 24, 2020, the 29th anniversary of Ukraine’s independence, Ukraine’s President Volodymyr Zelensky awarded Ms. Koszarny with an Order of Merit for Service to Ukraine, third level, for her contribution to the country’s economy and investment climate. She is also a recipient of a Commemorative Medal issued on the occasion of the 25th Anniversary of Independence by the President of Ukraine. In May 2024, she was awarded the 2024 Tryzub Leadership Award by The Myhal Family Foundation, in partnership with The Shevchenko Foundation. Ms. Koszarny is a CPA and a 1991 HBA graduate of Ivey Business School. She has been residing and working in Kyiv, Ukraine for over 30 years.