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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

SIZE OF INVESTMENT

  • Target deal size of $50m-$500m equity investment (RDIF’s share)

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.


Is a range of RDIF’s investments, implying a total equity commitment of at least $100mln-$1bln, given the co-investment requirements.

Is a limit for RDIF’s own stake; it can however, own controlling stakes in companies in partnership with a co-investor.


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) and Tata Power, part of the Tata Group and one of India's leading electricity generation companies, today signed a Memorandum of Understanding to develop investment opportunities in the energy sector.



RDIF receives the first tranche of funding from the Russian National Wealth Fund earmarked for infrastructure projects

Funds from RDIF, the National Wealth Fund and private investors will be used to finance projects aimed at eliminating digital inequality and introducing “smart grids” across Russia’s regions

Russian Direct Investment Fund: Annual Review 2013


January


RDIF launched ‘Invest in Russia’ program in Davos

In January, RDIF has launched its ‘Invest in Russia’ program aimed to promote the country as an attractive investment destination. The special program was presented to international investors by Kirill Dmitriev, CEO of RDIF, at the World Economic Forum where the Fund annually holds its own event for key international investors. The brochure includes key facts and numbers on Russian economy which remain unknown to a wide range of audience, it is also describes Russia’s competitive advantages as a potential object for investment.

May

RDIF and EBRD roundtable prepares recommendations on unlocking infrastructure investments

Discussions centre on funding mechanisms to attract large-scale private investment to finance infrastructure projects, creating institutions to support investments and the role of international financial institutions (World Bank, IMF, EBRD) in attracting private capital. Global investment opportunities are identified in sectors such as transport, telecommunications and energy.

September

A consortium including RDIF applies to tender for the construction of the M11 toll road

The M11 highway runs parallel to the existing M10 road and will significantly increase the speed of road traffic between Russia’s major cities.The consortium will be responsible for financing, building and operating the M11 section next to the ring road around St-Petersburg. The section will consist of 4 to 6 lanes with the traffic capacity of more than 20 thousand vehicles per day. The initial cost of the project is 83.1 billion rubles, 25% of which is financed by private investors.


Abu-Dhabi’s Department of Finance contributes up to $5 billion in partnership with RDIF for Russian infrastructure investment

Investments by the parties will be guided by the principle of obtaining attractive returns on invested capital. Abu-Dhabi’s Department of Finance will invest up to $5 billion in the partnership.

February


RDIF attracts new investors to the Moscow Stock Exchange

As part of a long-term strategy promoting the development of Russian capital markets and broaden the international appeal of the Moscow Stock Exchange, the RDIF attracts new pre and post investors to the initial public offering of the Moscow Exchange, as well as investing itself. New investors include the European Bank of Reconstruction and Development (EBRD), Cartesian Capital, BlackRock and China Investment Corporation (CIC).

June


RDIF and Russian Grids sign a memorandum of cooperation

RDIF and Russian Grids sign a memorandum of cooperation to attract foreign investment into the Russian power grid sector. They will work together to improve investor understanding of the sector’s opportunities, to outline opportunities for investment in long-term infrastructure projects in the utilities industry and to explore funding mechanisms, including public-private partnerships, supporting the Russian Grids Group’s investment programme.



RDIF and Mubadala establish co-investment fund

RDIF and Mubadala, the Abu Dhabi-based investment and development company, announce the launch of a $2 billion co-investment fund to pursue opportunities in Russia. The fund will focus on long-term investment opportunities across a range of industry sectors, acting as a catalyst for direct investment in Russia. Mubadala and RDIF are each committing $1 billion.

October


RDIF and Deutsche Bank invest in Rostelecom

This deal capitalises on recent developments in Rostelecom’s corporate governance and is an important step in realising Russia’s infrastructure potential.



RDIF, Titan International and One Equity Partners complete deal for Russia’s largest agriculture tyre producer with Cordiant

This is RDIF’s first co-investment with a global industrial strategic partner and One Equity Partners’ first investment in Russia.



RDIF attracts leading foreign investors to invest in ALROSA IPO

ALROSA is the largest diamond producer in the world by output in carats with its main mines located in Russia’s Far East.

March


Vnesheconombank, RDIF, CIC and RCIF promote investment into infrastructure and Russian Far East projects

Three main investment themes provide the foundation for a range of future investments in the region; projects with growing demand for new infrastructure and logistics; development and processing of natural resources; and on leading manufacturing and services companies.

July


RDIF opens a representative office in Vladivostok

Development of the Far East is a key priority for the Russian-Japanese Investment Platform and the Russian-China Investment Fund, which has already closed its first deal, investing in Russian Forest Products Group.

November


RDIF and Caisse Des Dépôts International launch Russia-France Investment Fund. (RFIF)

RFIF seeks attractive investments across a broad range of sectors and asset classes, including equity and debt securities, infrastructure and real estate in Russia and France, with strong focus on opportunities promoting economic co-operation between the two countries and contributing to the growth and prosperity of both economies.



RDIF and KIC launch Russian-Korean Investment Platform

The investment platform focuses on cross-border investments to fulfill Russian-Korean strategic interests, including companies and projects that facilitate trade and encourage investment cooperation between the two countries. Russia is the 11th largest trade partner of the Republic of Korea and there are over 1,200 Korean companies with capital invested in Russia.

April


Vnesheconombank (VEB), RDIF, and JBIC create joint Russian-Japanese Investment Platform

The aim is to develop economic cooperation, trade and investment between Russia and Japan, providing the foundation for investment in the Russian Far East and East Siberia. Investment will focus on infrastructure development, the latest healthcare technologies, alternative sources of energy and the creation of efficient urban environments (smart cities).

August


RDIF, EBRD and CapMan Russia co-invest in Russian IT outsourcing provider MAYKOR

The three partners will invest up to USD 100 million in MAYKOR, allowing the group to grow its market share and ambitions to increase the scale of its operations and diversification inside Russia. RDIF will invest USD 50 million – with the EBRD and the CapMan Russia II fund contributing the outstanding sum.

December


RDIF and Baring Vostok Private Equity Fund V invest in Tigers Realm Coal (TIG)

The funds will be used by TIG to complete a Bankable Feasibility Study (BFS) and develop the Fandyushkinskoye deposit (Project F) at the Amaam North coking coal deposit in Chukotka, as well as continue exploration works at the Amaam deposit. The first coal sales at Project F are targeted for 2016.



RDIF and JASE-W sign Memorandum to improve energy efficiency and use of renewable energy sources

The parties will invest in opportunities aimed at: improving the renewable performance of Russian power generation companies; promoting the development of cogeneration, smart grids and waste-to-energy technology; the installation of new equipment and implementation of advanced technologies to significantly reduce fuel consumption and guarantee the stable supply of electric power and heat for end users.

Contacts

Natalia Borisova. Director, Center for investment promotion INVEST IN RUSSIA
E-mail: natalia.borisova@rdif.ru

Maria Medvedeva. Director, Media Relations
E-mail: maria.medvedeva@rdif.ru

Russian Direct Investment Fund
Capital City, South Tower, 7-th floor, 8 bld.1 Presnenskaya nab., Moscow, Russia 123317
T: +7 495 644 3414

MORE INFO: www.rdif.ru

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