Deals
Russia Plans $10 Billion Fund to Attract Global Buyout Firms
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The Russian government is setting up a $10 billion fund aimed at boosting investment by overseas buyout firms in the country, two people with knowledge of the matter said.
Russia’s VEB development bank is working with Goldman Sachs Group Inc. on the fund, which will invest in partnership with overseas private-equity firms, said the people, who declined to be identified because the plan hasn’t been disclosed yet. The government is seeking to lure buyout firms such as Blackstone Group LP and Carlyle Group LP to invest in one of the nations where they are least active, one of the people said.