RDIF, funds create $200 mln platform to help virus-hurt firms

Prime, 05.06.2020

MOSCOW, Jun 5 (PRIME) - The Russian Direct Investment Fund (RDIF) and funds RTP Global, Elbrus Capital, and Baring Vostok have created a joint investment platform worth up to U.S. $200 million to support promising companies hurt by the coronavirus pandemic, the RDIF said on Friday.

“The RDIF, the sovereign fund of the Russian Federation, and RTP Global, Elbrus Capital and Baring Vostok funds announce the creation of a joint investment platform of up to $200 million. The platform will support promising Russian companies in a wide range of industries that have been negatively affected by the coronavirus pandemic,” the statement said.

The target volume of financing into a company will amount to 1 billion rubles and more.