The $10BN Russian Direct Investment Fund Launches

The Russian Direct Investment Fund, a $10bn government-backed vehicle, launched.

The fund aims to make direct investments in businesses and assets in high-growth sectors of Russia’s economy over the coming five years.

It will co-invest along with with institutional investors or corporates acting as a catalyst for new direct transactions.

The management company of the fund, which is led by CEO Kirill Dmitriev, has been registered as a 100% subsidiary of state development bank Vnesheconombank (VEB).

It plans to make its first investment in the next six to nine months.



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