Inaugural Meeting of the International Advisory Board of the Russian Direct Investment Fund Brings Together Leading Global Investors With $1 Trln in Combined Assets Under Management

Informations

• Publié par: russian-direct-investment-fund
• Nombre de lectures: 19
• Langue: English

Extrait

Inaugural Meeting of the International Advisory

Board of the Russian Direct Investment Fund

Brings Together Leading Global Investors With

$1 Trln in Combined Assets Under

Management

PR Newswire

ST. PETERSBURG, Russia, June 20, 2012

ST. PETERSBURG, Russia

,

June 20, 2012

/PRNewswire/ --

The first meeting of the International Advisory Board of the Russian Direct

Investment Fund (RDIF) took place today and was attended by the heads of

some of the world's largest sovereign wealth funds and private equity

companies. China Investment Corporation (CIC), Kuwait Investment Authority

(KIA), Korea Investment Corporation (KIC), Permira, Apollo Global Management,

TPG, Apax Partners, Warburg Pincus and Caisse des Dépôts were represented

at the meeting. The funds manage combined assets of approximately

USD 1

trillion

.

"We are pleased that the RDIF Advisory Board brings together the elite of the

international investment community," said Kirill Dmitriev, Chief Executive

Officer of RDIF. "Today we discussed many significant issues, including the

initial results of the Fund's first year of operations, the Fund's short and

medium-term plans, and approaches to improving

Russia's

attractiveness as an

investment destination." Mr. Dmitriev noted that a number of the topics

discussed will be further developed at a meeting with Russian President

Vladimir Putin and the members of the RDIF Advisory Board planned for

June

21, 2012

.

The Advisory Board's meeting took place at the Stroganov Palace prior to the

St. Petersburg International Economic Forum (SPIEF 2012). Participants

discussed the following issues:

The initial results of RDIF's first year of operations, including the completed

acquisitions of shares in MICEX-RTS and Enel OGK-5 and the creation of the

Russia-China Investment Fund;

Around 50 investment projects under consideration by RDIF in sectors such as

forestry, municipal and transportation infrastructure, energy efficiency and

medicine;

Other short- and medium-term plans and initiatives aimed at developing the

capital markets and the private equity sector in

Russia

as a whole.

The following individuals took part in the meeting of the RDIF Advisory Board:

Kirill Dmitriev, Chief Executive Officer of the RDIF

Bader Mohammed Al-Sa'ad, Managing Director of Kuwait Investment Authority

Kurt Bjorklund, Co-managing Partner, Permira

Leon Black, Chairman and Chief Executive Officer, Apollo Global Management

David Bonderman, Co-founder and Managing Partner, TPG

Chong-Suk Choi, President and Chief Executive Officer, Korea Investment Corporation

Lou Jiwei, Chairman and Chief Executive Officer, China Investment Corporation

Michael Phillips, Partner, Apax Partners

Joseph Schull, Head of European Operations, Warburg Pincus

Laurent Vigier, Director of European and International Affairs at Caisse des

Dépôts Group and a member of the RDIF's Supervisory Board also participated

in the meeting.

The International Advisory Board also discussed

Russia's

macroeconomic

situation in the context of the growing eurozone debt crisis and proposals from

the investment community and measures taken by the Russian government to

improve the country's attractiveness as an investment destination.

The results of the meeting of the RDIF Advisory Board will be reviewed as part

of the discussion panel "The Russian Direct Investment Fund: Initial Results,"

which will take place on the first day of the SPIEF,

June 21, 2012

, at 11:45.

Russian Direct Investment Fund (RDIF),

established in

June 2011

, is to be

capitalized with

$10 billion

in Russian government funds to make equity

investments that generate strong returns. In each investment it makes, RDIF is

mandated to secure co-investment that as a minimum matches its

commitment, thus acting as a catalyst for direct investment into the Russian

economy. Kirill Dmitriev has been Chief Executive Officer of RDIF since

inception. The Fund's International Advisory Board was announced by V. V.

Putin in

September 2011

during the Sochi International Economic Forum and

includes the heads of the world's leading investment organizations. Additional

information is available at http://www.rdif.ru