11.07.2012 - Russian private equity seeks to ditch bad reputation
Russian private equity has made international headlines, but not always for the reasons that executives in the country would like. Sovereign wealth funds (SWFs) are making strides where PE fears to tread, says RDIF’s Chekunkov. His firm last month announced a joint fund with China Investment Corporation (CIC) that will invest up to 70% of its capital in Russia. RDIF and CIC will each commit $1 billion to the vehicle, with another $2 billion expected to come from external investors, bringing the total size to $4 billion, says Chekunkov. Up to 30% of the capital can be invested into China through deals with a Russian cross-border business angle, he adds..............................................Full Article: Source
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