TKI Capital and Fund RC-Investments,
the investment platform of the Roscongress Foundation, have signed an agreement
to set up a closed-end real estate mutual investment fund. Per the agreement,
Fund RC-Investments will establish a closed-end mutual investment fund with RUB
5 billion, while TKI Capital will serve as the management company.
Fund RC-Investments Director Alexander
Shatirov and TKI Capital CEO Dmitry Burundayev signed the agreement
in the presence of Roscongress Foundation Chairman of the Board and CEO Alexander
Stuglev.
“Fund RC-Investments specializes in
direct investments in exclusive transactions. Investments in real estate are
always popular and have shown a good level of security recently. Creating
high-quality infrastructure and a living environment is one of the key goals of
the country’s development. Working with TKI Capital will enable us obtain a
high-quality analysis of the industry, while the experience of the company’s
team in managing investment funds will help provide competent support for
transactions and projects,” Alexander Shatirov said.
In its activities, Fund
RC-Investments aims to implement Decree No. 309 of the Russian President dated
7 May 2024 “On the National Development Goals of the Russian Federation for the
Period until 2030 and for the Long-Term until 2036”.
The goal of the agreement is to
identify the main conditions for how the closed-end mutual investment fund will
function. The fund, which will be managed by TKI Capital together with Fund RC-Investments,
plans to invest in real estate and manage it at all stages of the life cycle,
including operation and income generation.
TKI Capital has License No.
21-000-1-01131 to operate as a management company for investment funds, mutual
investment funds, and private pension funds, which was issued by the Bank of
Russia on 3 December 2024.
