RDIF and Singapore’s Makara Capital agree joint investments in technology companies

Press release, 14.11.2018

Singapore, November 14, 2018 - The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, and Singapore’s Makara Capital, a specialist in transaction financing and asset management with a focus on innovation, infrastructure and energy, have agreed to jointly implement investment projects. The agreement was signed today in conjunction with Russian President Vladimir Putin’s State Visit to Singapore.

The partners have agreed to create a $200 million joint investment platform to finance breakthrough innovative projects in Russia and Asia, which have strong fundamentals and demonstrate steady growth at a global level. RDIF and Makara Capital will join forces to implement investment projects related to innovative technology and intellectual property companies in Russia and Asia. This will enable the exchange of experience, opportunities and expertise to grow promising projects, as well as make it easier for Russian companies to access Asian financial markets.

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

“Technological development is akey investment strategy for RDIF, which is tasked with promotingeconomic growthacross Russia. By combining the financial resources, expertise and intellectual capital of our partners from various regions of Europe, Asia and the Middle East, we are shaping opportunities for technological development by Russian companies and across the Russian economy. This partnership with Makara Capital will allow us to more effectively use Singapore’s experience and capabilities to support the development of the Russian technology sector, the emergence of success stories and the entry of Russian companies into new markets in the Asian region.”

Mr. Ali Ahmad, CEO at Makara Capital, said:

“Makara Capital is proud to announce our partnership with RDIF, an initiative that demonstrates our continued focus of investing in companies with innovative technologies and compelling growth fundamentals. Our partnership envisions to maximize value creation with Russian innovative technology companies by enabling them to realize targeted cross-border growth strategies that leverage the potential of high-growth markets in Asia.  To achieve this, we employ a “from Singapore and through Singapore” approach that capitalizes on the city-state as a strategic hub for innovation, from where such enterprises are able to tropicalize their solutions with the aim of scaling up across Asia.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategicinvestors. RDIF acts as a catalyst for direct investment in the Russianeconomy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru

Makara Capital is a global fund management company based in Singapore with a core focus in private equity, structuring and financing. Makara Capital is the fund manager of Makara Innovation Fund (MIF) – One of Asia’s largest IP and innovation driven private equity fund that focuses on investing innovative technology companies with defensible intellectual property and technology as well as strong pan-Asian scale up potential. Makara Innovation Fund has established a strategic alliance with IPOS, one of the leading Singapore Government agencies focused on innovation, with the aim of furthering IP management, monetization and commercialization in qualifying portfolio companies. Further information can be found at www.makaracapital.com

 

For additional information contact:

Arseniy Palagin                                      Andrew Leach / Maria Shiryaevskaya 
Russian Direct Investment Fund            Hudson Sandler
Press Secretary                                     Tel: +44 (0) 20 7796 4133 
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Anoop Menon / Jenifer Abi Hamad
Makara Capital
Tel: +65 6220 1711
Email:info@makaracapital.com