Blackstone Group LP, the world’s largest private-equity firm, may co-invest in a new fund being set up by Russian President Dmitry Medvedev, chair and CEO Stephen Schwarzman told Businessweek.
“I think we have an open mind in terms of looking at that vehicle,” Schwarzman said in an interview at the St. Petersburg International Economic Forum today. Blackstone has yet to invest in Russia.
Medvedev is promoting the fund as a way to spur foreign investment into Russia, diversifying the economy away from a reliance on revenue from oil, gas and metal exports. Representatives from Blackstone, Goldman Sachs Group Inc., Abu Dhabi Investment Authority, and others from the U.S., Europe, Asia and the Middle East, came to Russia to discuss the fund in May…
Find out the rest at: http://www.businessweek.com/news/2011-06-17/blackstone-keeps-open-mind-on-kremlin-fund-schwarzman-says.html
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