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, RDIF’s webpage reports.
The partners have agreed to create a $200 mio joint investment platform to finance breakthrough innovative projects in Russia and Asia, which have strong fundamentals and demonstrate steady growth at a global level. They will join forces to implement investment projects related to innovative technology and intellectual property companies in Russia and Asia.
“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,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF).