Reuters: Private Equity: Russian fund signs $500 mln co-investment with Kuwait

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Russian fund signs $500 mln co-investment with Kuwait Jun 21st 2012, 16:46 MOSCOW, June 21 | Thu Jun 21, 2012 12:46pm EDT MOSCOW, June 21 (Reuters) - The Russian Direct Investment Fund (RDIF) said on Thursday it had signed a co-investment deal with the Kuwait Investment Authority which will see the oil-rich Middle East state invest $500 million alongside the RDIF into Russian companies. RDIF, set up last year to encourage foreign investors to match state investments in Russian assets, also said in a statement it had launched a pre-IPO investment programme with Goldman Sachs, Blackrock and Franklin Templeton aimed at firms seeking to float on Russia's MICEX-RTS index. (Reporting By John Bowker; Editing by Megan Davies)

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