Inaugural Meeting of the International Advisory Board of the Russian Direct Investment Fund Brings Together Leading Global Investors With $1 Trln in Combined Assets Under Management

Inaugural Meeting of the International Advisory Board of the Russian Direct Investment Fund Brings Together Leading Global Investors With $1 Trln in Combined Assets Under Management PR Newswire ST. PETERSBURG, Russia, June 20, 2012 ST. PETERSBURG, Russia, June 20, 2012 /PRNewswire/ -- The first meeting of the International Advisory Board of the Russian Direct Investment Fund (RDIF) took place today and was attended by the heads of some of the world's largest sovereign wealth funds and private equity companies. China Investment Corporation (CIC), Kuwait Investment Authority (KIA), Korea Investment Corporation (KIC), Permira, Apollo Global Management, TPG, Apax Partners, Warburg Pincus and Caisse des Dépôts were represented at the meeting. The funds manage combined assets of approximately USD 1 trillion. "We are pleased that the RDIF Advisory Board brings together the elite of the international investment community," said Kirill Dmitriev, Chief Executive Officer of RDIF. "Today we discussed many significant issues, including the initial results of the Fund's first year of operations, the Fund's short and medium-term plans, and approaches to improving Russia's attractiveness as aninvestment destination." Mr. Dmitriev noted that a number of the topics discussed will be further developed at a meeting with Russian President Vladimir Putin and the members of the RDIF Advisory Board planned for June 21, 2012.