Russia-China Investment Fund, Tus-Holdings to create Russian-Chinese venture fund with target size of up to $100 mln
Russia-China Investment Fund (RCIF) and Chinese company Tus-Holdings agreed to establish a joint Russia-China Venture Fund (RCVF), according to RCIF press release published on Monday.
The agreement was signed on Monday during the session of the Russia-China Business Advisory Committee.
The Russia-China Venture Fund target size will total up to $100 mln and could be increased later. RCIF and Tus-Holdings will act as anchor investors, other Russian and Chinese institutional investors are likely to participate.