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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait wealth fund investing $500 mln with Kremlin RDIF

Posted on 22 June 2012

Kuwait Investment Authority, the country’s sovereign wealth fund, will invest $500 million in private equity together with the Kremlin-backed Russia Direct Investment Fund, Managing Director Bader Mohammad Al-Saad said today in St. Petersburg.
The Kremlin established the RDIF a year ago to help lure foreign investment and expertise in its drive to wean the world’s largest energy supplier off its dependence on commodity exports………………………………………..Full Article: Source


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