Russian Direct Investment Fund and Inventis Investment Holdings agree joint investment in Russian-Chinese projects

Press release, 02.09.2016

Moscow, 2 September, 2016- The Russian Direct Investment Fund (RDIF) and Inventis Investment Holdings have agreed to establish a joint investment platform in Russia. The platform will leverage the increasing cooperation between Russia and China from trade, economic, investment and technological standpoints.

Under the partnership agreement, the parties will jointly invest up to US$500 million, focusing on key sectors such as food and agriculture, consumer and retail trade. Additionally, mining and processing of mineral resources, tourism, light industry, transport and infrastructure will also be primary targets.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“This is an exciting opportunity to work with one of the oldest and most successful private equity investment funds in China. Inventis has extensive experience in attracting the best global practices, long-term partners, and advanced technology. Together, we can successfully contribute to unlocking the investment potential of Sino-Russian cooperation in the most dynamically growing sectors of the Russian economy.”

Yong Kwek Ping, CEO of Inventis Investment Holdings,said:

“We are delighted to be working alongside RDIF and will strive towards promoting greater collaboration between both the Russian and Chinese economies in order to achieve commercial returns for the projects.”

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The Russian Direct Investment Fund (RDIF) was established in 2011 to make equity investments alongside leading international financial and strategic investors, primarily in Russia. The fund acts as catalyst for direct investment in Russia’s economy. Additional information can be found at: www.rdif.ru

Inventis Investment Holdingsis the largest private equity growth fund in China with approximately USD 6.2 billion of capital under management. Inventis started its foray into China in 2001 and has since made more than fifty investments in China across a diverse range of industries including consumer, education, retail, agriculture, energy & natural resources, logistics and contract manufacturing. More information on Inventis can be found at http://www.inventis.com.cn

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director, Media Relations Department
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133