Kremlin Fund Adds China’s CIC, Blackstone to Advisory Board
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Russia’s private-equity fund set up by President Dmitry Medvedev appointed an international advisory board that includes Lou Jiwei, chairman of China Investment Corp., and Blackstone Group LP Chief Executive Officer Stephen Schwarzman.
Prime Minister Vladimir Putin welcomed the advisers while speaking on a panel at an investment conference in the Black Sea resort of Sochi today. The panel included Leon Black, CEO of Apollo Global Management LLC, who is also one of the Russia Direct Investment Fund advisers.