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Sovereign Wealth Funds Briefing - Categorized | Financials

RDIF-France fund to get $407mln injection

Posted on 29 November 2013

Russia’s state-backed private equity investment fund said Thursday it would team up with state-backed French bank Caisse des Depots, or CDC, to invest 300 million euros ($407.23 million) in an existing joint investment platform.
The creation of the Russia-France investment fund worth a total 1 billion euros was backed by the two countries’ presidents, Vladimir Putin and Francois Hollande, earlier this year in a bid to boost bilateral direct investment. The Russian Direct Investment Fund, or RDIF, was set up two years ago with capital of $10 billion with a brief to win over strategic investors who have steered clear of Russia due to concerns over rampant graft and the rule of law………………………………………..Full Article: Source


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