With $10 billion in pledged capital from the state, the fund is designed like a private-equity firm, but will focus on growth capital. RDIF will source buy-outs in Russia of between $100 million and $1 billion. However, it will only participate if it can bring in at least one co-investor from abroad.
“The benefit to Russia will be financial returns [on the state’s equity investment] and the chance to bring in more foreign capital and know-how to key industries and sectors….
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