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Sovereign Wealth Funds Briefing - Categorized | Investment

Kremlin fund teams with Cartesian to invest in Moscow Exchange

Posted on 20 July 2012

The Russia Direct Investment Fund, a Kremlin-backed private equity fund, is teaming up with Cartesian Capital Group LLC to boost its stake in the Micex-RTS Exchange ahead of the bourse’s share sale next year.
RDIF bought a 1.45 percent holding from ZAO UniCredit Bank, a unit of Italy’s UniCredit SpA (UCG), while the New York-based firm founded by former AIG Capital Partners Inc. President Peter Yu acquired 1.9 percent, according to RDIF Chief Executive Officer Kirill Dmitriev………………………………………..Full Article: Source


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