Russian Direct Investment Fund
Fund established by the Russian government in June 2011 / From Wikipedia, the free encyclopedia
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The Russian Direct Investment Fund (Russian: Российский фонд прямых инвестиций, RDIF) is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world's largest institutional investors, direct investment funds, sovereign wealth funds and leading companies.
Native name | Российский фонд прямых инвестиций |
---|---|
Industry | Sovereign wealth fund |
Founded | 2011 |
Website | www |
RDIF's reserved capital under management equals $10 billion. RDIF has invested and committed for this purpose 2.1 trillion rubles, of which RDIF invested 200 billion rubles and 1.9 trillion rubles came from co-investors, partners and banks. RDIF also attracted over $40 billion of foreign capital into the Russian economy through long-term strategic partnerships.[1] Kirill Dmitriev is the RDIF's chief executive officer.