Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), has announced an initiative to form a joint fund to invest in the equity capital of BRICS infrastructure projects while he attends the BRICS summit in Fortaleza. Representatives of leading financial institutions, BRICS sovereign wealth funds and RDIF’s international partners have given their complete support to the initiative. Should the negotiations be successful, the joint fund will become operational by the next BRICS summit which is scheduled to take place in Ufa (Russia) in 2015.