The Russia-China Investment Fund (RCIF) is a private equity fund that aims to generate competitive returns by investing in projects that advance bilateral economic cooperation between Russia and China.
The Fund was established in June 2012 by two government-backed investment vehicles-the Russian Direct Investment Fund and China Investment Corporation (CIC).
The fund received $2 billion in commitments from RDIF and CIC in equal share, with up to an additional $2 billion expected to be raised from international institutional investors.
[History]
RCIF was established jointly by RDIF and CIC in October 2011.
The fund received $2 billion in commitments from RDIF and CIC in equal share, with up to an additional $2 billion expected to be raised from international institutional investors.
In June 2012, CEOs of RDIF and CIC, in the presence of Russian and Chinese presidents, signed official documents to set up the Russia-China Investment Fund.
In March 2013, RCIF had its first close and launched operations.
In September 2013, RCIF completed its first investment in Russia Forest Products.
