By Andrei Skvarsky.
The Russian Direct Investment Fund (RDIF), a sovereign institution for promoting foreign investment in Russia’s barren private equity sector, has put together an international advisory board, appointing to it company chiefs and sovereign wealth top brass from various countries.
The board’s nine members, who will work on a pro bono basis, include top figures in private equity firms Permira, TPG, Apollo Global Management, Apax Partners, Warburg Pincus and Blackstone Group. The others are sovereign wealth fund chiefs from Kuwait, China and South Korea, according to a RDIF statement.
RDIF, set up in June 2011, has a capitalisation target of $10bn to be achieved within five years.