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- Far East Development Fund will lead the Russian investor consortium into Generations Fund
Far East Development Fund (FEDF) and Generations Fund signed a Strategic Cooperation Agreement according to which FEDF will form an lead a private investor consortium to invest into Generations Fund. With its country and regional expertise FEDF will also introduce a pipeline of investment opportunities for the Generations Fund and will act as the strategic partner of Generations Fund in the Russian Far East and Baikal Region.
Russian investor consortium will include private and institutional investors of Russian origin with total capital of at least USD 1 billion. The consortium will contribute to Generations Fund as limited partner, while FEDF will ensure government liaison and support to Generations Fund’s activities in Russia.
About Generations Fund
Generations Fund is established to support implementation of Belt and Road initiative by making profitable investments which support cooperation between the countries of Belt and Road area. Target capital of Generations Fund is USD 20 Billion.
Far East Development Fund (FEDF) was established in November 2011 by the decision of the Supervisory Board of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, chaired by Vladimir V. Putin. FEDF is a policy fund implementing priority investment projects in the Far East and Baikal regions of Russia (covering 42% of the Russian territory).