The Russian Direct Investment Fund (RDIF), a $10bn investment vehicle launched by the Kremlin this week, has announced the appointment of senior executives that will comprise its core investment and management team.
Alexei Chekunkov, Sean Glodek, Alec Maryanchik, Richard Ogdon and Tagir Sitdekov will join as directors. Mikhail Irzhevsky joins as chief legal counsel, and Walid Kamhawi joins as an advisor. Each executive will report to Kirill Dmitriev, the fund’s CEO.
Chekunkov brings a decade of private equity experience to the RDIF, having worked for Delta Private Equity in Russia and managed principal investments across the country, as well as across Africa and Asia.
Glodek joins from Darby Private Equity, where he managed the Darby European Fund dedicated to equity and debt investments in companies across Central and Eastern Europe, Russia and Turkey.
Prior to joining RDIF, Maryanchik was CEO and co-founder of Klever Asset Management, a leading private equity firm and family office fund in Russia. Ogdon joins RDIF from leading Russian investment bank Troika Dialog, where he served as chief risk and capital officer and a member of the management board. Sitdekov was most recently a managing director at A-1, the direct investment arm of Alfa Group, Russia’s largest private business enterprise.
Irzhesky joins RDIF on secondment from respected law firm Freshfields Bruckhaus Deringer, where he serves as a partner. Kamhawi is a partner at HK Advisory Services, an investment management and advisory firm based in Dubai, which he co-founded after a 12-year career at global private equity giant Blackstone.
“These appointments represent an all-star team of Russian and international private equity professionals. Each brings to RDIF a hard-earned track record of successful investing in Russia as well stellar academic and other credentials,” said Kirill Dmitriev, RDIF’s CEO.
“RDIF is now well-positioned to take advantage of the abundant investment opportunities available in Russia and to fulfill its mission of attracting co-investments, primarily from international private equity and sovereign wealth funds. The team has already identified and begun evaluating a substantial pipeline of potential transactions,” he added.
Following its establishment three months ago, the $10bn Russian state investment fund is ready to execute a pipeline of private equity-style deals in order to entice foreign investors who would normally be wary of investing in private circles in Russia.
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