RDIF soon to launch venture fund with Transneft - Dmitriev

Interfax, 11.03.2020

NOVO-OGARYOVO. March 11 (Interfax) - The Russian Direct Investment Fund (RDIF) will launch a venture fund with Transneft (MOEX: TRNF) in the near future, RDIF head Kirill Dmitriev said.

"We also announce that this year we will launch a program for investments in venture funds. We will not only be investing in companies but also in venture funds, helping them to develop," Dmitriev said during Russian President Vladimir Putin's meeting with Russian investors.

"We will also be actively helping Russian state companies with their venture capital programs; in particular we plan to launch a series of funds with major state companies. In the near future we will launch such a fund with Transneft," Dmitriev said.