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About RDIF

The Russian Direct Investment Fund (RDIF) is a $10 billion fund established in 2011 by the Russian government to make equity investments primarily in the Russian economy.


FUND MISSION

“ The Fund’s objective is to act as a catalyst for foreign direct investment, talent and technologies into Russia by attracting leading international co-investment partners.”

Kirill Dmitriev, Chief Executive Officer

Investment Process

GLOBAL BEST PRACTICE

  • RDIF acts in accordance with the highest standards and best practices set by the global private equity industry

OWNERSHIP

  • RDIF’s ownership in the company of up to 50%

INVESTMENT HORIZON

  • Expected exit in 5-7 years (greenfield infrastructure may be longer)

EXIT

  • The public listing of the asset (IPO)
  • A sale to strategic buyers




Center for investment promotion Invest in russia

In 2014 Russian Direct Investment Fund (RDIF) has launched the CENTER FOR INVESTMENT PROMOTION “INVEST IN RUSSIA” to attract investment into the Russian regions.

The RDIF Center for Investment Promotion will focus on:

  • Gathering information on the investment opportunities in the Russian regions, government support tools and mechanisms, as well as the development of enterprise, industry and other sectors.
  • Promoting the positive experiences of foreign investors who have already invested in projects in Russia.
  • Coordinating significant investment projects with the federal and regional authorities both in Russia and abroad.
  • Creating a database of investment projects including investment announcements and projects completed with the participation of foreign investors.
  • Informing regions on possible funding sources.
  • Informing target potential investors and stakeholders about Russian region investment initiatives.
  • Preparing and coordinating target regions' participation in interregional, Russian and international public investment-related events and exhibitions, as well as investment project presentations.
  • Providing tailored project support to target foreign investors.

The Center will utilize RDIF’s extensive experience of working with international investors to create a centralized information portal on doing business in Russia, investment opportunities across the regions and global best practices.

As part of the program RDIF has launched an INVEST IN RUSSIA website - an interactive resource for international investors looking at Russia as an investment destination.




RUSSIAN DIRECT INVESTMENT FUND: YEAR 2017 IN REVIEW


February


The Russia-China Investment Fund (RCIF) sold a portion of its stake and played a significant role in the Initial Public Offering (IPO) of Detsky Mir, the leading children’s goods retailer in Russia. This IPO is the first exit from an investment for RCIF.



The Russian Direct Investment Fund (RDIF) formed a consortium of leading investors to participate in the secondary public offering of PhosAgro shares. Together with RDIF, the Russia-China Investment Fund (RCIF) and leading funds from the Middle East participated in the acquisition of a minority equity position in one of the world’s largest vertically-integrated producers of mineral fertilizers.



The Russian Direct Investment Fund (RDIF) has formed a consortium comprising leading Middle Eastern funds and finalized a deal to acquire a minority stake in Russian Helicopters, the helicopter design and manufacturing company, from Rostec. Russian Helicopters valuation was estimated at $2.35 billion.



The consortium comprising Russian Direct Investment Fund (RDIF), Russia’s Basic Element and Singapore’s Changi Airports International (CAI) has completed the acquisition of shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport.



Since the launch of the Investment Lift programme, its participants have reviewed 27 projects, including projects in the machine-building, information technology, food, chemicals and pharmaceuticals sectors, with total investment of approximately RUB 40 billion.

June


The Russian Direct Investment Fund (RDIF), RBPI Group, a subsidiary of Thailand’s Charoen Pokphand Group (C.P. Group), and the Government of the Kaliningrad Region have agreed to jointly construct a veterinary and sanitary utilization plant in the Gvardeysky City District of the Kaliningrad Region. 



The Russian Direct Investment Fund (RDIF), Russian Railways International LLC, alongside the Indian state engineering and construction company Ircon International Limited have agreed to jointly identify and invest in investments into railway infrastructure projects in Russia and India in order to improve commercial, economic and investment cooperation between the two countries. 



The Russian Direct Investment Fund (RDIF) and Renaissance Construction (a leading Turkish construction, development and investment company) together with the Government of St. Petersburg and the Southern Satellite City LLC, have agreed to jointly establish the Southern Satellite City.



The Russian Direct Investment Fund (RDIF) and the Leader Management Company, the Asset Manager of GAZFOND, Russia's largest private pension fund, announce the establishment of the United Transport Concession Holding. The partnership will invest in the construction and operation of roads, railways, city transport and PPP projects in the Russian Federation, jointly with leading international funds. The holding will also engage in the implementation of existing infrastructure projects such as "Northern Bypass Odintsovo" and the construction of an alternate route of Kutuzovsky Prospekt. 



A consortium of international investors formed by the Russian Direct Investment Fund (“RDIF”) with leading Middle-Eastern Sovereign Wealth Funds has participated in the secondary public offering of the largest Russian gold mining company PJSC Polyus (“Polyus” or the “Company”), thus contributing to the success of a third placement by a Russian company this year.

November


The Russia-Chinа Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation) announces its membership in United Transport Concession Holding, being established by RDIF and the Leader Management Company to implement investment projects in the construction and operation of roads, railways, urban transport and public-private partnership (PPP) projects in Russia.



A business mission to Saudi Arabia was organized by the Russian Direct Investment Fund (RDIF) in partnership with the Russian Ministry of Industry and Trade and the Ministry of Energy.



The Russian Direct Investment Fund (RDIF), acting in a consortium with leading Middle Eastern funds, took part as an anchor investor in the IPO of PJSC Globaltruck Management, one of the largest and most dynamic operators in the Russian trucking market. 



The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, as part of a consortium with leading sovereign wealth funds of the Middle East and Asia-Pacific Region, have participated in the Initial Public Offering (IPO) of En+ Group plc, a leading international vertically integrated aluminium and power producer.



The Russia-Chinа Investment Fund participated in the latest round of investment in NIO, a pioneering Chinese designer and developer of electric cars. 

March


The Russian Direct Investment Fund (RDIF) and Türkiye Wealth Fund (TWF) have signed a memorandum establishing the Russia-Turkey Investment Fund.



The Russian Direct Investment Fund (RDIF) has finalized the key terms of cooperation with Rönesans Holding, the construction, real estate development and investment company.



The Russian Direct Investment Fund (RDIF), a Russian sovereign wealth fund, has announced that it will be establishing the Russia-Armenia Investment Fund alongside the Armenian state-owned company SME Investments.



The Russian Direct Investment Fund (RDIF) announces an investment in InfoWatch group, the Russian leader in corporate information security.

July


The Russia-China Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation) has announced an investment in Zhaogang, the largest e-commerce steel distribution platform in China.



Silk Road Fund has joined the consortium formed by the Russian Direct Investment Fund (RDIF) and the Russia-China Investment Fund in partnership with leading Middle Eastern funds to invest in the complex real estate development of the former airfield Tushino in the North-West of Moscow.



Silk Road Fund has joined the consortium formed by the Russian Direct Investment Fund (RDIF) and the Russia-China Investment Fund in partnership with leading Middle Eastern funds to invest in the complex real estate development of the former airfield Tushino in the North-West of Moscow.



The Russian Direct Investment Fund (RDIF) and China Development Bank (CDB), the world’s largest financial development institution, have envisaged the constitution of the China-Russia RMB Investment Cooperation Fund.



The Russian Direct Investment Fund (RDIF), a sovereign fund of the Russian Federation, and China Investment Corporation (CIC), the sovereign wealth fund of the People’s Republic of China, have announced a capital increase of the Russia-China Investment Fund (RCIF). 



The Russian Direct Investment Fund (RDIF) and the Russia-China Investment Fund (RCIF is incorporated by RDIF and China Investment Corporation) have signed an agreement to work with Russian Export and FRC International companies. The partners will operate under the common trade name of Dakaitaowa (meaning “to open a matryoshka doll” in Chinese) and will further grow exports of ecologically clean food to Chinese markets. 



The Russia-China Investment Fund have agreed to cooperate and implement joint projects in Russia and in the Hainan province of China.



The Russian Direct Investment Fund (RDIF), Mubadala Development Company and other leading Middle Eastern funds announce the closure of a deal to invest in the construction, launch and maintenance of oncology and radiotherapy medical centres in the cities of Balashikha and Podolsk in the Moscow region

December


RJIF invested in the Russian pipeline operator, Transneft, the infrastructure through which up to 85% of the oil produced in Russia, and 26% of oil products, are transported.



The Russia-China Investment Fund participated in the Accelerated Book Building (ABB) of Detsky Mir (the “Company”). RCIF was able to attract a number of international partners to participate in the transaction, including funds raised from China, Europe, United Kingdom, United States and Middle East.



The Russian Direct Investment Fund (RDIF) and CDC International Capital (CDC IC) announce an expansion in the scope of cooperation within the framework of the Russia-France investment platform. The parties have agreed to jointly search and invest into small and medium-sized businesses in both Russia and France (standard investment amount in each project below 20 million euros).

April


The Russian Direct Investment Fund (RDIF) together with Mubadala Development Company and other leading Middle Eastern investment funds have committed to new investment in Russian regional logistics facilities within the Professional Logistics Technologies (PLT) network.

September


A consortium of international investors comprising Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF), Mubadala Development Company (UAE), Baring Vostok Private Equity Fund V and a number of related funds (Baring Vostok), as well as leading co-investors from the Middle East have announced the completion of a transaction to acquire a 25% stake in Thalita Trading Limited (Thalita). Thalita is the holding company of the Northern Capital Gateway, which manages Pulkovo Airport.



The Russian Direct Investment Fund (RDIF) and Vietnam’s largest agricultural conglomerate TH Group have agreed to jointly invest in agricultural projects in Russia, with a focus on dairy farming and milk processing in the Far East of Russia.



The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) announce the launch of the Russia-Japan Investment Fund (RJIF), established to jointly pursue and implement attractive investment projects to promote economic, trade and investment cooperation between Japan and Russia.

May


The International Investor Consortium of the Russian Direct Investment Fund (RDIF), Russia-China Investment, the leading Middle Eastern investment funds and Vi Holding announce the investment in the complex real estate development of the former airfield Tushino in the North-West of Moscow. 



The Russian Direct Investment Fund (RDIF) and Italy’s leading road management company ANAS, and Avtodor State Company, announce the creation of a consortium targeting Russian highway infrastructure development and road management.  

October


The Russian Direct Investment Fund (RDIF) and the Public Investment Fund (PIF) as part of a $10bn partnership signed in 2015, today provide an update on their investment collaboration. To date, RDIF and PIF have deployed and agreed to invest more than $1bn in the Russian public markets and in more than 8 private projects across sectors such as petrochemicals, power, logistics, transport infrastructure and retail.



The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, and Interhealth Saudi Arabia, one of the world's leading healthcare companies, have agreed to invest in the construction of a high-tech multifunctional centre for pediatric rehabilitation in Tatarstan as part of the medical cluster close to the Children's Republican Clinical Hospital of the Ministry of Health of the Republic of Tatarstan. 



The Russian Direct Investment Fund (RDIF), Saudi Aramco and SIBUR signed a Memorandum of Understanding on possible cooperation and investment activities in Russia and Saudi Arabia.



The Russian Direct Investment Fund (RDIF), Mubadala Investment Company, and the Public Investment Fund (PIF) of Saudi Arabia have agreed the principal terms of joint equity participation in United Transport Concession Holding.



The Russian Direct Investment Fund (RDIF) and the Public Investment Fund (PIF) of Saudi Arabia have announced the establishment of a Russian-Saudi platform, under which the parties will explore opportunities for PIF to invest alongside RDIF in Russian technology companies.



The Russian Direct Investment Fund (RDIF), the Public Investment Fund (PIF) of Saudi Arabia and Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, have agreed to collaborate on a new platform aimed at identifying attractive investment opportunities in the Russian energy services sector. 



The Russian Direct Investment Fund (RDIF) and Enel have announced that they will be cooperating in evaluating business opportunities in the area of electric mobility including recharging infrastructure and other e-Mobility services like electric car sharing in Russia.



The Russian Direct Investment Fund, SME Investments and The Investors Club of Armenia (ICA) have agreed to jointly search for and implement attractive investment projects to develop the electric power industry of the Republic of Armenia, as well as create mechanisms for bilateral investment cooperation in this region.



The Russian Direct Investment Fund together with its partners will participate in a project to create NEOM, a city of the future. The project was announced by His Royal Highness Crown Prince of the Kingdom of Saudi Arabia Mohammed bin Salman Al-Saud during the Future Investment Initiative forum in Riyadh.


RUSSIAN DIRECT INVESTMENT FUND: YEAR 2016 IN REVIEW


JANUARY


The Russian-Chinese Investment Fund (RCIF) closed a deal to acquire 23.1% of Detsky Mir OJSC.



The Russian Direct Investment Fund (RDIF) and DP World (UAE), one of the world’s leading maritime operators, announce the creation of a joint venture to invest in port, transport and logistics infrastructure in Russia.

JULY


The Russian Direct Investment Fund (RDIF) engaged a number of leading international investors from various regions of the world, including funds from the Middle East and Asia, to participate in the placement of ALROSA JSC shares during the privatization of the company’s 10.9% stake. Within the consortium, for each ruble invested by the RDIF, more than 10 rubles was raised from foreign partners.

OCTOBER


The portfolio company of the Russian Direct Investment Fund (RDIF) Nord Hydro - White Threshold (“Норд Гидро – Белый порог”) has started the construction of small hydroelectric power stations on the Kem River in Karelia. The construction of two Beloporozhsky hydroelectric stations with a total capacity of 49.8 MW became the first project of the New Development Bank (NDB) in Russia. This is the first and the only project of the Bank currently under construction.



The Russian Direct Investment Fund (RDIF) has invested in the Russian pharmaceutical company GEROPHARM, which focuses on the production of modern high-quality drugs, including products for restoring brain function and diabetes therapy.



The Russian Direct Investment Fund (RDIF) and the National Investment and Infrastructure Fund (NIIF) created by the Government of India with the support of the RDIF agreed to create a $ 1 billion Russian-Indian investment fund within which the parties intend to conduct joint search for investment-attractive projects strengthening trade and economic and investment cooperation between the two countries.

MARCH


The Russian Direct Investment Fund (RDIF), in cooperation with leading Middle Eastern investment funds, announces the creation of a platform for investment in the logistics infrastructure and the conclusion of the first transaction within this platform.

AUGUST


The Russian Direct Investment Fund (RDIF) and Rönesans Holding, a leading construction, real estate development and investment company, have reached an agreement to expand the scope of their joint investment activities.

NOVEMBER


The Russian Direct Investment Fund (RDIF) and Mubadala Development Company (Mubadala, UAE) announce a series of joint investments in priority Russian projects in the field of agriculture and food production.



The international consortium of investors, comprising the Russian Direct Investment Fund (RDIF), the leading airport operator Changi Airports International (CAI) and Basic Element Group, signed an agreement on the acquisition of Vladivostok International Airport from Sheremetyevo International Airport.



The Russian-Chinese Investment Fund (RCIF) and China’s Tus-Holdings have agreed to establish a joint Russian-Chinese Venture Fund (RCVF) to foster the development of the potential of trade and economic, investment, scientific and technical cooperation between the Russian Federation and the People’s Republic of China.

MAY


The Russian Direct Investment Fund (RDIF) and the Vietnamese State Investment Fund State Capital Investment Corporation (SCIC) signed a memorandum on the establishment of the Russian-Vietnamese investment platform.



The Russian Direct Investment Fund (RDIF), Thailand’s Charoen Pokphand Group (C.P. Group), China’s Banner Infant Dairy Products (Banner Dairy), leading Middle Eastern investors and banks, as well as the Government of the Ryazan region agreed on joint investments in the creation of Russia’s largest integrated dairy complex in the territory of the Ryazan region.

SEPTEMBER


The Russian Direct Investment Fund (RDIF) and Inventis Investment Holdings have agreed to create a joint investment platform in Russia aimed at implementing the growing potential of trade and economic, investment and technological cooperation with China.



The Russian Direct Investment Fund (RDIF) and the Federal Corporation for the Development of Small and Medium Enterprises (SME Corporation) signed an agreement on cooperation in the field of guarantee support for ongoing projects.

DECEMBER


The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) have agreed to create a Russian-Japanese investment fund within which the parties intend to conduct joint search for and implementation of investment-attractive projects strengthening trade and economic and investment cooperation between the two countries.

JUNE


The Russian Direct Investment Fund (RDIF) announces the launch of a project to create a Russian medical robots center and their industrial production in China. The project was developed by Russian scientists from the Institute of Design and Technological Informatics of the Russian Academy of Sciences (IKTI RAN) in cooperation with the Department of Urology of the Moscow State University of Medicine and Dentistry (MGMSU) with the assistance of the Federal Agency of Scientific Organizations. The project partners are the Skolkovo Foundation as well as China’s industrial park Xixian Fengdong and Panther Healthcare which focuses on the research, development, manufacture and sale of surgical devices and instruments in China.



The Russian Direct Investment Fund (RDIF) and leading Middle Eastern investment funds have agreed to invest in the holding company Russian Helicopters.



The investor consortium led by the Russian Direct Investment Fund (RDIF) and the France’s CDC International Capital (CDC IC), a division of the state financial group Caisse des Depots, announces an agreement to invest in Arc, a leading global producer of glassware.



The Russian Direct Investment Fund (RDIF) together with Italia’s Pizzarotti Group will act as an investor, and Gazprombank - as a financial adviser, an arranger and lender of the project for the design, construction and maintenance of a medical rehabilitation building of City Hospital No. 40 of the Resort District of St. Petersburg.



The Russian Direct Investment Fund (RDIF) announces investments in Hyperloop One which is developing a promising transport system Hyperloop.



The Russian Direct Investment Fund became a Russia's sovereign wealth fund, following the adoption of a special federal law.


RUSSIAN DIRECT INVESTMENT FUND: YEAR 2015 IN REVIEW


FEBRUARY


The Russian Direct Investment Fund (RDIF) and the Ministry of Investment of the Arab Republic of Egypt have agreed on strengthening investment cooperation, within which the RDIF will support the creation of an Egyptian investment fund.



The Russian Direct Investment Fund (RDIF), Changi Airports International and Basic Element Group have been announced winners of the tender for the acquisition of shares in Vladivostok International Airport. The tender offer of the consortium has been recognized as the best by a combination of a number of criteria, including technical, legal and financial aspects of the transaction.

JUNE


The Russian Direct Investment Fund (RDIF), the Government of the Republic of Karelia, Nord Hydro as well as China Railway 24th Bureau Group and China Civil Engineering Construction Corporation, the subsidiaries of China Railway Construction Corporation, have signed an agreement on joint implementation of an investment project for the construction of small hydroelectric power plants in the Republic of Karelia.



The Russian Direct Investment Fund (RDIF), the Agency for Strategic Initiatives for Promotion of New Projects, State Corporation Bank for Development and Foreign Economic Affairs (Vneshekonombank) and National Export Center JSC have signed an agreement on supporting medium-sized non-resource Russian companies through the implementation of the Investment Lift mechanism.



The investor consortium, which includes the Russian Direct Investment Fund (RDIF) and leading international investors, has agreed to invest in the construction of the integrated petrochemical complex of SIBUR - ZapSibNeftekhim - in Tobolsk, Tyumen region.



The Russian Direct Investment Fund (RDIF), Pizzarotti IE, a subsidiary of the leading Italian construction group Impresa Pizzarotti & C. S.p.A., and the Government of the Moscow Region have agreed on joint investments in the project for the creation of paid railway crossings in the Moscow region.

MARCH


The Russian Direct Investment Fund (RDIF) acted as a leading anchor investor in the secondary offering of shares in Lenta Ltd.



The first meeting of the Consultative Committee of Entrepreneurs under the Intergovernmental Russian-Chinese Commission for Investment Cooperation was held in Beijing. The meeting was chaired by Kirill Dmitriev, RDIF General Director, on the Russian side and Ding Xuedong, Chairman and Chief Executive Officer of China Investment Corporation (CIC) - on the Chinese side. It was attended by 150 representatives from 63 Russian and Chinese companies as well as high-ranking statesmen of both countries.

JULY


The Russian Direct Investment Fund (RDIF) and the sovereign fund of the Kingdom of Saudi Arabia Public Investment Fund (PIF) have created a partnership within which the parties intend to make joint investments in attractive projects, including infrastructure and agriculture in Russia.



The BRICS countries supported the initiative of the Russian Direct Investment Fund (RDIF) and agreed to establish a joint mechanism for investing in the share capital of infrastructure projects. A corresponding agreement was signed between the RDIF, IDFC Group (India), BTG Pactual (Brazil), Silk Road (China), and the Development Bank of South Africa during the BRICS summit in Ufa.

NOVEMBER


The investor consortium, which includes the Russian Direct Investment Fund (RDIF) and leading international investors, closed the deal to invest in the terminal of SIBUR petrochemical group for transshipment of liquefied petroleum gas (LPG) and light oil products in the merchant marine port Ust-Luga.



The Russian Direct Investment Fund (RDIF) and the sovereign fund of the State of Kuwait - Kuwait Investment Authority (KIA) have agreed to expand the investment partnership under which KIA additionally allocates $ 500 million for investing in projects on the territory of the Russian Federation in conjunction with the RDIF. The parties have also agreed to increase the share of KIA in the automatic co-investment mechanism of the RDIF in which the Kuwaiti fund has been participating since 2012.

The Russian Direct Investment Fund (RDIF) organized a workshop for leaders of regional investment agencies and development corporations within which RDIF leaders presented an overview of the best international practices in the preparation of investment projects for their further consideration by foreign investors.

APRIL


The RDIF and PortTrans LLC controlled by Summa Group have signed an agreement of intent to develop jointly the Zarubino Great Port project. According to the agreements reached, the RDIF will also help attract leading international investors from the Asia-Pacific region to the project.

SEPTEMBER


The Russian Direct Investment Fund (RDIF), Silk Road Fund (China) and the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) have agreed to strengthen cooperation within which the parties will focus their joint work on the search for investment projects in Russia and China that promote the growth of trade and economic and investment cooperation between the two countries.

OCTOBER


The Russian Direct Investment Fund (RDIF), the Ministry of Transport of the Russian Federation and the Federal State Unitary Enterprise Rosmorport have signed an agreement on cooperation for the joint implementation of the project for construction and operation of the sea port Taman in the Krasnodar Territory.



The Russian Direct Investment Fund (RDIF) acted as one of the anchor investors in the placement of shares in Lenta Ltd, one of the largest and most successful retail chains in Russia. The RDIF and leading international institutional investors from the Middle East along with other investors intend to support the development of Lenta in Russia.

DECEMBER


The Russian Direct Investment Fund (RDIF), Renaissance Capital, Onexim Group and CITIC Merchant, a division of the leading China’s conglomerate CITIC, have agreed to form a strategic partnership on the basis of the Russian-Chinese Investment Bank (RCIB) and Renaissance Capital for promotion of the interests of Russian companies and Chinese investors in promising projects on the territory of the Russian Federation, the CIS, the Middle East and Africa.

MAY


The Russian Direct Investment Fund (RDIF), the Russian-Chinese Investment Fund (RCIF) and the People’s Government of Heilongjiang Province (China) have agreed to strengthen cooperation in agriculture, farming, processing, customs clearance, logistics and sale of food products. The parties will form a specialized investment fund for investments in agricultural projects in Russia and China. The target volume of the fund will be $ 2 billion.



The consortium of investors, which included the Russian-Chinese Investment Fund (RCIF), Sukhoi Civil Aircraft CJSC, United Aircraft Corporation OJSC, New Xixian Management Committee (China), and China’s New Century International Leasing have agreed to create a leasing platform to promote the passenger aircraft Sukhoi Superjet 100 (SSJ100) in the market of China and Asia.



The Russian Direct Investment Fund (RDIF), the Russian-Chinese Investment Fund (RCIF) and one of the largest banks of the People’s Republic of China China Construction Bank Corporation (CCB) have agreed to create a platform that will massively increase lending to Russian and Chinese companies by Chinese banks.



The Russian Direct Investment Fund (RDIF) and China’s CITIC Merchant, a division of the leading financial group CITIC, have agreed to establish a Russian-Chinese investment bank.



Kirill Dmitriev, Director General of the Russian Direct Investment Fund (RDIF), and Oleg Budargin, Director General of Rosseti OJSC, have announced the launch of a practical implementation of a joint project to build “smart grids”.



The Russian Direct Investment Fund (RDIF) and the Government of the Republic of Karelia have signed an agreement on cooperation.

Russian Direct Investment Fund: Annual Review 2014


January


RDIF and EBRD invest over $100m in Cotton Way

RDIF and EBRD will together invest up to 3.6 billion rubles [c$109m], with each party contributing fifty percent. The funds will be used by Cotton Way to continue to invest in industry leading facilities by constructing high efficiency laundry factories in key regions of Russia to further strengthen its market position and diversify its customer base. Cotton Way provides commercial laundry and textile rental services to both local and national state organizations, as well as corporate organizations.

September

RDIF became a co-organizer of the CROSAPF platform bringing together some top global sovereign and pension funds


Russian Direct Investment Fund invests in the logistics company Freight Village RU

The Russian Direct Investment Fund (RDIF) has reached an agreement in principle regarding investment in the logistics holding company Freight Village Ru. Currently, RDIF is in negotiations with a number of leading foreign co-investors, who have expressed an interest in participating in the project. The funds from the deal will be spent by Freight Village Ru to finance the construction of a large logistics complex, Freight Village Vorsino. This will allow the creation of a unified cluster of independent transportation firms, warehouses, distribution companies, logistics services providers, and industrial and trade enterprises with direct access to a multimodal terminal and to major freight corridors.

April


RDIF completes deal to invest in Tigers Realm Coal Limited

The Russian Direct Investment Fund (RDIF) today announced a completion of its investment into newly issued shares of Tigers Realm Coal Limited (TIG), an Australian listed company with coking coal assets in the Chukotka province in Russia’s Far East.



The Russian Direct Investment Fund (RDIF) and Mumtalakat, the investment arm of the Kingdom of Bahrain, signed a Memorandum of Understanding to promote investment cooperation between Russia and Bahrain

The Memorandum of Understanding promotes the exchange of information and expertise in the sectors and areas of common interest for both entities and sets the overall parameters for identification and cooperation on mutually beneficial prospective investment and co-investment opportunities in Russia and Bahrain. Mr. Mahmood Hashim Al Kooheji, CEO of Mumatalakat, the investment arm of the government of Bahrain, joined the International Advisory Board of RDIF.

October


RDIF and RСIF to construct Russian-Chinese high-tech parks

The Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF), the Skolkovo Fund, and the People's Government of Shaanxi Province (China) have signed a memorandum for the co-development and construction of “Silk Road” Russian-Chinese high-tech parks, centres of innovation in science and technology.
Under the agreement, RCIF and the Administrative Committee of Xixian Fendong New Town of Shaanxi Province will establish a joint venture for the construction of Silk Road high-tech parks in China and Russia.



RDIF to invest in development of new logistics facilities

The Russian Direct Investment Fund (RDIF), leading Middle Eastern funds, and Development Group 19 (DG19), a prominent real estate developer based in Russia, today announced an agreement to invest in the development of Class A logistics space in Russia as part of a joint venture. The joint venture will provide the necessary funds, strategic expertise and management resources for the development of logistics facilities to satisfy the growing need of companies to improve the efficiency of their supply chains.
RDIF together with co-investors intends to focus initially on the Moscow region market, which is the major transportation hub serving the Moscow region and the rest of the country.



RDIF Portfolio Company Mother and Child Launches Major Regional Project

A new Mother and Child clinical hospital was opened in Ufa. This new hospital is the largest private multidisciplinary in-patient facility outside of the Moscow Region.

May

RСIF invests in construction of first Russia-China bridge across the Amur river

Russia-China Investment Fund announces a joint investment with OJSC Far East and Baikal Region Development Fund to construct the first ever railway bridge over the Amur river on the border between the Russia and China. The new bridge will have a capacity of up to 21 million tonnes per year and will connect the Jewish Autonomous Region with the Chinese province of Heilongjiang.


RCIF and Vcanland to launch fund investing in tourism and senior living infrastructure

Together the parties will create a joint investment fund targeting USD 800 million (RMB 5 billion) with a focus on the tourism and senior living infrastructure in China and Russia. The fund will focus on opportunities in desirable tourism destinations across both countries, including Hainan in China and Lake Baikal, Vladivostok and the Sochi region in Russia, as well as opportunities in the senior living sector.


RDIF, a consortium of foreign investors and Gazprombank to invest in SIBUR’s marine terminal in Ust-Luga

A consortium of investors, made up of the Russian Direct Investment Fund (RDIF), a group of foreign investors and Gazprombank has come to an agreement on terms of an investment into a liquefied petroleum gas (LPG) and light oil products transshipment terminal. This terminal is owned by the Russian petrochemical holding, SIBUR, in the sea port of Ust-Luga.


RDIF and MRIF to partner with Russian Grids in electricity “smart grid” program

The Russian Direct Investment Fund (RDIF) and Macquarie Russia & CIS Infrastructure Fund (MRIF) signed a memorandum of understanding to develop a “smart grid” program alongside the Russian power transmission and distribution company, JSC Russian Grids. One of the main focuses of the project will be to reduce electricity losses through measures such as updating billing systems. The program to develop “smart grids” will gain strong governmental support and will be the first RDIF project partially funded by the National Welfare Fund (NWF).


RDIF and Rostelecom to improve digital equality in Russia

The Russian Direct Investment Fund (RDIF) and leading international infrastructure investors announce joint investment in a project to address internet access inequality across Russia’s regions, which will be implemented in partnership with Rostelecom.
Total investment in the project will be up to 67.5 billion roubles ($1.956 billion). RDIF will create a SPV to finance the project. Funds for this SPV will be raised in the forms of equity and debt well as debt financing from the National Welfare Fund (NWF).

November


RDIF joins International Forum of Sovereign Wealth Funds

The Russian Direct Investment Fund (RDIF) is representing Russia at the International Forum of Sovereign Wealth Funds (IFSWF) – an organisation that brings together the world’s leading sovereign wealth funds and government-run pension funds. During the meeting, currently taking place in Doha (Qatar), senior executives of 28 sovereign wealth funds signed agreements and in doing so concluded the process of establishing the IFSWF as an independent professional association.

July


RDIF attracts new international investors to the Moscow Exchange and increases its stake in the Company

The Russian Direct Investment Fund (RDIF) together with a consortium of leading international institutional investors from China, Singapore, UAE, Qatar, USA, UK and Germany have announced investment in the equity capital of the Moscow Exchange (ticker “MOEX”). This consortium will purchase a part of the Moscow Exchange stake being offered by the Central Bank of Russia.

December


RDIF and Renaissance Holding to jointly develop projects across Russia’s regions

The Russian Direct Investment Fund (RDIF) and Renaissance Holding, one of the leading construction, development and investment companies, have agreed to jointly invest into projects across Russia’s regions. The two parties will invest in the healthcare and infrastructure sectors, using public private partnership (PPP) models, and also the construction of new shopping centers in the regions.



RDIF and State Company Avtodor agree to attract investors to develop joint projects in transport infrastructure

The Russian Direct Investment Fund (RDIF) and the State Company Russian Highways (Avtodor) have agreed to develop and implement joint transport infrastructure investments. The two parties plan to co-invest in the projects at early development stages under state control and subsequently attract leading infrastructure investors. The partnership will allow for a significant increase in new road construction in Russia. According to the agreement, RDIF and its international partners will provide at least 25% of the equity financing for the projects along with the necessary expertise to ensure effective implementation.



RDIF and CII host investment conference in New Delhi

The Russian Direct Investment Fund (RDIF) and the Confederation of Indian Industry (CII) will tomorrow host a conference in New Delhi which will be attended by Russian and Indian state officials and businessmen. The event will set out the key benefits of investing in Russia and India, promoting bilateral investment and cooperation between the two countries.



RDIF and IDFC to strengthen ties between India and Russia investing up to $1bn

–The Russian Direct Investment Fund (RDIF) and the IDFC Ltd., India's leading financial services company, today have agreed to jointly invest in infrastructure projects to boost economic cooperation between Russia and India. Each party will provide up to $500mln.



RDIF and Tata Power to increase energy investment between India and Russia

The Russian Direct Investment Fund (RDIF) an

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