Russia-China fund to invest $500m this year
By Cai Xiao | China Daily | Updated: 2017-05-16 08:24
The Russia-China Investment Fund, a private equity fund formed by the Russian Direct Investment Fund and China Investment Corp, will invest more than $500 million in 2017 in Russia and China in infrastructure, agriculture, technology and consumer sectors, according to its senior executives.
"The Russia-China Investment Fund has played a crucial role in showcasing that we can make very good returns by working together," said Kirill Dmitriev, co-CEO of the Russia-China Investment Fund and CEO of the Russian Direct Investment Fund, the country's sovereign wealth fund.
Dmitriev said the RCIF will invest more than $500 million in seven to nine deals this year, and for every dollar they invest in, they will attract $3 to $5 from other investors.
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