Abstract
This study investigates the strategic role of institutional investors—specifically venture capital (VC) firms, private equity (PE) funds, and mutual investment funds—in bridging the funding gap for small and medium-sized enterprises (SMEs) entering the capital market. Given the structural rigidities of conventional bank intermediation and high underwriting thresholds on emerging stock exchanges, the paper evaluates pre-IPO equity structuring, syndicated corporate debt absorption, and co-investment frameworks. Empirical evidence and policy mechanisms are synthesized to outline targeted financial instruments, risk-sharing guarantees, and regulatory exemptions that encourage long-term institutional capital deployment into promising SME issuers in Uzbekistan.
References
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