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
3 Pages
English
Downloading requires you to have access to the YouScribe library
Learn all about the services we offer

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

Downloading requires you to have access to the YouScribe library
Learn all about the services we offer
3 Pages
English

Description

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 aninvestment 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.

Subjects

Informations

Published by
Reads 19
Language English

Exrait

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