Vladimir Putin has selected sovereign wealth fund and private equity managers as advisers to the new Russian Direct Investment Fund, The Wall Street Journal reports. TPG Capital’s David Bonderman and Blackstone Group CEO Steve will meet once or twice a year to advise the fund. Leaders from the China Investment Corp Schwarzman. and Kuwait Investment Authority have also been tapped as advisers. The Russian fund, which will receive $2 billion a year in state money for five years, will invest Russian oil wealth alongside private cash.
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