Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments in Russian companies with reputable international financial and strategic investors and act as a catalyst for direct investment in Russia. The Fund is not a legal entity and its legal nature is comparable to mutual funds in common law jurisdictions (with RDIF acting as a general partner). It plays an important role in Russia’s industrial policies and it has attracted over USD 40 billion into joint funds from 16 different countries.