| Russia will launch a $10 billion state-backed fund at the St Petersburg International Economic Forum this week that will co-invest with sovereign wealth and private equity funds in Russian companies.
The fund is being set up to kick-start direct investment in Russian growth companies operating in sectors like IT, healthcare and infrastructure -- but not energy -- that are a play on the emergence of Russia's middle class. The RDIF will be capitalised with $2 billion a year over the next five years..............................................Full Article: Source
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