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RCIF and Vcanland launch tourism and senior living fund

The Russia-China Investment Fund (RCIF) has joined forces with Vcanland, a developer of tourism infrastructure and senior living communities in China. Together, they will launch a joint investment fund targeting $800 million (RMB 5 billion) with a focus on the tourism and senior living infrastructure in China and Russia.


The Russia-China Investment Fund (RCIF) has
signed a Memorandum of Understanding (MOU) with Vcanland, a leading
developer of tourism infrastructure and senior living communities in China.
Together the parties will create a joint investment fund targeting USD 800 million
(RMB 5 billion) with a focus on the tourism and senior living infrastructure in
China and Russia. The fund will focus on opportunities in desirable tourism
destinations across both countries, including Hainan in China and Lake Baikal,
Vladivostok and the Sochi region in Russia, as well as opportunities in the senior
living sector.
Kirill Dmitriev, Co-CEO of RCIF, said:
“The Russian travel and tourism industry is expected to grow at 4% annually, and
tourism between Russia and China will grow even faster. China is the second most
popular destination for Russian tourists, whilst Russia is the third ranked
destination of choice for the Chinese. About 3.3 million of Chinese tourists visited
Russia in 2012 – a three times increase on 2007. We strongly believe that the
robust momentum in bilateral tourism and need for senior housing will create
enormous investment opportunities in the related sectors, generating attractive
returns for investors.”
Li Defu, Chairman of Vcanland Senior Living Group, said:
“Vcanland is among the pioneers of tourism related project development in China
and had been focusing on senior living sector since 2009 and become a leader in
providing senior friendly services and products in China. We are very excited
about the opportunity to partner with RCIF to capture the favorite social and
economic trends in both sectors and create significant values for both parties and
future investors leveraging on both parties’ unique resources and capabilities.”
* * *
Russia-China Investment Fund (RCIF) is a private equity fund investing in
unique opportunities brought out by rapid development of economic cooperation,
fast growing trade, and increasing purchasing power of the middle class in Russia,
China and CIS countries. The Fund was created by the Russian Direct Investment
Fund (RDIF) and China Investment Corporation (CIC). RCIF emphasizes crossborder
transactions, as well as investment opportunities within the region across a
broad range of sectors to facilitate the structural adjustment and the improvement
of quality of those countries’ economies. Further information at
Russian Direct Investment Fund (RDIF) was established in 2011 to make equity
co-investments, primarily in Russia alongside reputable international financial and
strategic investors. RDIF acts as a catalyst for direct investment in the Russian
economy. Based in Moscow, RDIF’s management company is a 100% subsidiary
of Vnesheconombank. Further information at
Vcanland – established in November, 1992 in Tianjin, Vcanland Holding Group
has approximate RMB 20 billion(US$3.23billion) of total assets and 3,400
employees. Its business covered bio-science, real estate, senior living and health
preservation industry, and also fund investment. With over 20 years of experience
in new town construction and tourist real estate in Tianjin, Hainan and other
regions, areas developed has accumulated to be 2,500,000 square meters. Further
information at
Media contacts:
Maria Medvedeva
Russian Direct Investment Fund
Director, Media Relations Department
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Hudson Sandler
Andrew Hayes / Maria Ignatova / Elena Kuza
Tel: +44 (0) 20 7796 4133