CIC Puts $1B into Russia-China Fund
China Investment Corp. is pouring $1 billion into the Russia-China Investment Fund, a partnership with a Russian state vehicle, Reuters reported Tuesday. The state-backed Russian Direct Investment Fund will also commit $1 billion to the venture. The fund would also seek outside investments that would be four times the original capital commitments of the two state investment funds, Reuters wrote. The fund will co-invest in private equity deals, and in deals that “will strengthen Russia-Chinese business relations,” Reuters wrote.
Bycnolan
11 October 2011•2 mins read
