RDIF, CDC launch €1bn Franco-Russian vehicle

The fund was launched on Friday 1 November in Moscow. Russian prime minister Dmitry Medvedov and French prime minister Jean-Marc Ayrault attended the signing ceremony for the launch of the vehicle.

The launch of the fund follows the signing of the Memorandum of Understanding in February, which was carried out in the presence of Russian president Vladimir Putin and French president Francois Hollande. The memorandum was created to develop greater cooperation between the two countries.

RFIF will invest across all sectors, in businesses that produce economic cooperation between France and Russia, as well as benefiting the growth of the two economies.

The fund will make equity investments, as well as provide debt packages, and will consider investments in real estate and infrastructure.

RDIF is a $10bn, state-owned fund that co-invests in companies contributing predominantly to the Russian economy. The vehicle is mandated to secure co-investment that matches or exceeds its own contribution to a company's equity, a strategy designed to prompt direct investment into the Russian economy.

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• Topics
• France
• CEE
• Funds
• Russia
• France
• Russian Direct Investment Fund (RDIF)