31.05.2011 - Russia: State fund looks to plug gaps
As Russian corporate debt swells to over $500 billion and foreign loans become more expensive due to the strengthening rouble, the Kremlin is hoping that its new state-led private equity fund can plug some of the gaps left by a dearth of foreign direct investment. The $10 billion Russia Sovereign Direct Investments Fund, a brainchild of President Dmitry Medvedev, in May appointed as its CEO Kirill Dmitriyev, a 36-year-old Stanford and Harvard graduate who has run the Icon and Delta private equity funds in Russia..............................................Full Article: Source
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