FEDC and “SOLID Management” will launch a mechanism to attract collective investments for the development of creative industries in the Russian Far East

The Far East and Arctic Development Corporation (FEDC) and the management company “SOLID Management” have agreed to launch a pilot project to attract collective investment into the creative industries of the Russian Far East. An open-ended mutual investment fund is being considered as the vehicle for this initiative; it will enable the pooling of investor capital and its allocation to creative economy projects and supporting infrastructure. The parties reached the agreement to launch the pilot project on the sidelines of the Eastern Economic Forum.

Sub-federal bonds issued by Far Eastern regions could serve as defensive assets within the fund's investment strategy. Meanwhile, the core of the investment portfolio could consist of projects in the creative industries, including film, music, design, and IT.

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