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|| Russian RDIF to set up $1 billion technology fund with Saudi Arabia

RDIF.jpgThe Russian Direct Investment Fund (RDIF) will be going on a joint venture with Saudi Arabia's main sovereign wealth fund, the Public Investment Fund, to set up a $1 billion fund that will be used to invest in technology companies.

Established by the Russian government in June 2011, the RDIF is managed by Kirill Dmitriev and aims to make equity investments in Russia's high-growth sectors. Among RDIF's investments is Hyperloop One, a privately held Californian company working on a transportation system.

To see a list of investors from Russia similar to Russian Direct Investment Fund, check the Russian Investors Directory.

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