Russian Direct Investment Fund hosted meeting in New York between Russian First Deputy Prime Minister Igor Shuvalov and major international investors with more than $6 trillion of assets as part of NYSE Russia Day.
Press release, 03.12.2012
New York, December 3, 2012 – the Russian Direct Investment Fund (RDIF) hosted a meeting today between Russian First Deputy Prime Minister Igor Shuvalov and a distinguished group of investors as part of the 2012 Russia Day organised by the New York Stock Exchange (NYSE).
Top executives of more than 20 leading investment companies and funds with combined assets under management exceeding $6 trillion participated in the meeting. The aim of the high level gathering was to showcase the attractiveness of investing in the Russian economy. Among the participants were representatives from leading private equity funds and asset managers such as BlackRock, JP Morgan Asset Management, UBS, Oaktree Capital, One Equity Partners, Siguler Guff, Lindsay Goldberg, Neuberger Berman, Permira and Warburg Pincus.
Kirill Dmitriev, CEO of RDIF, said: “The main purpose of this meeting is to not only demonstrate to our American partners the advantages of investing in the Russian economy, but also to highlight specific projects and industries in which RDIF’s partners could start implementing transactions. I am confident that such a high level discussion with the participation of First Deputy Prime Minister Igor Shuvalov will be very worthwhile for American as well as Russian participants.”
Following the meeting the participants attended the opening of an exhibition of paintings from the private collection of Russian dancer, choreographer and actor Mikhail Baryshnikov, entitled “The Art I’ve Lived With”.
The 2012 NYSE Russia Day was intended to raise US investors’ and the international corporate community’s awareness of Russia’s investment opportunities, including those emerging in the context of improved legislation and upcoming privatisation deals.
The 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. RDIF’s Management Company is a 100% subsidiary of Vnesheconombank (VEB). Additional information is available at www.rdif.ru
Contacts for additional information:
For the RDIF:
+7 964 7261773
Andrew Hayes/Andrew Leach/Maria Ignatova/Elena Kuza
Tel +44(0) 20 7796 4133