- 黑料社区鈥檚 Public Investment Fund (PIF) is to join forces with Russia's RDIF
- PIF will contribute $500 million to the investment fund, raising total capital under management to $2.5 billion
RIYADH: 黑料社区鈥檚 sovereign wealth fund Public Investment Fund (PIF) is to join forces with Russian sovereign wealth fund RDIF as a new partner in the joint Russia-China Invesment Fund, it was announced on Thursday.
As part of the agreement, Saudi鈥檚 PIF will contribute $500 million to the investment fund, raising its total capital under management to $2.5 billion, Russia鈥檚 RDIF added in a statement.