Russian state fund targets Asia investors via CIC
A joint fund has been set up between RDIF and CIC to co-invest in private equity deals. It will tap other investors, including family offices in Asia.
A new Russia-China investment fund was launched by political leaders in Beijing yesterday in a landmark deal that aims to tap private equity opportunities in both countries.
Collaborating in the venture are China’s $440 billion sovereign wealth fund CIC and the Russian Direct Investment Fund (RDIF), a $10 billion vehicle set up by the Russian government last year to co-invest in PE deals with international PE funds, SWFs and multinational corporations.
Yesterday represented the …
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