RDIF, partners to set up investment platform

TASS, 05.06.2020

The Russian Direct Investment Fund (RDIF) and RTP Global, Elbrus Capital and Baring Vostok funds will create a joint investment program totaling up to $200 mln, RDIF said on Friday.

The platform will support promising Russian companies in a wide range of industries that exposed the negative effect of coronavirus pandemic consequences.

"Creation of the platform will make it possible to expand the area of the professional expertise of participants as much as possible and to support emerging companies with an efficient business model," RDIF says.

The target funding amount per company will be about 1 bln rubles ($14.7 mln), the Fund noted.