The Russian Direct Investment Fund (RDIF) will create a joint program with the China’s largest private direct investment fund Inventis Investment Holdings. Investments of RDIF and Inventis into joint projects will be up to $500 mln, RDIF Chief Executive Officer Kirill Dmitriev said on Thursday.

 

“RDIF will create a new joint fund with the major private fund Inventis Investment Holdings. It is the large private fund of the Asian region and we will together invest $500 mln into joint projects,” Dmitriev said.

 

Commenting on the joint Russian-Turkish fund he said it may start first investments already in 2017.

 

“The joint investments of the Russian-Turkish fund may begin next year already,” he told reporters.