Russian Direct Investment Fund
The Russian Direct Investment Fund (RDIF) is a $10 billion fund established by the Russian government in June 2011 to make equity investments in high-growth sectors of the Russian economy. RDIF's mandate is to co-invest alongside large and sophisticated global investors, thus acting as a catalyst for foreign direct investment in Russia.[1]
History
RDIF was founded in June 2011 under the leadership of both President Dmitry Medvedev and Prime Minister Vladimir Putin as part of a broader initiative to improve the investment climate of Russia and establish Moscow as an international financial center. RDIF is managed by a highly qualified team of private equity investors with broad international and Russian experience.
RDIF together with its co-investors invested and committed over RUB 760 billion for this purpose, of which RDIF alone invested RUB 70 billion and over RUB 690 billion came from blue chip international co-investment partners. RDIF also attracted over $25 billion of foreign capital into the Russian economy through long-term strategic partnerships [2]
Corporate structure
Kirill Dmitriev is RDIF's CEO. The Management Company of RDIF is a 100% subsidiary of Vnesheconombank (VEB), Russia's state development bank.[citation needed]
