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The Russia-China Investment Fund (RCIF) operates as a private equity fund, focusing on investments that advance bilateral economic cooperation between Russia and China. The fund primarily targets opportunities within Russia, the Commonwealth of Independent States, and strategically linked projects in China, including cross-border infrastructure and Chinese firms engaged in technology and services trade with Russia. Its investment strategy aims to foster significant economic ties and development across the Eurasian region.
Established in 2012, RCIF was founded as a joint initiative by two sovereign wealth funds: the China Investment Corporation and the Russian Direct Investment Fund. These entities each contributed an equal share to the fund's initial $2 billion seed capital. The fundamental insight behind its inception was to create a robust financial instrument capable of channeling direct investment into ventures that could strengthen the strategic economic partnership between the two nations.
RCIF's investments support enterprises and projects that contribute to the overarching economic growth and bilateral trade relationship between Russia and China. The fund’s long-term vision is to generate competitive financial returns while simultaneously acting as a catalyst for deeper economic integration and sustainable development within its targeted geographic and sectoral areas.
Russia-China Investment Fund has 1 tracked investment across 1 company. The latest tracked deal is $250.0M Other Equity in GoGoX in July 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 16, 2018 | GoGoX | $250.0M Other Equity | Innovision Capital | 58 Daojia Group, Cainiao, Hongrun Capital |