Mubadala Selects Verno Capital for Russia Advisory
As more foreign institutional investors allocate capital to Russia, the need for Russian expertise rises. Increasingly, Arab public investors have begun to invest in companies, funds and assets throughout Russia and the Commonwealth of Independent States (CIS). Back in June 2013, the Mubadala Development Co., a strategic development sovereign wealth fund based in Abu Dhabi, allocated US$ 1 billion to a co-investment fund targeting Russian investments. The Russian Direct Investment Fund (RDIF) matched the amount.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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