The article discusses the boundaries and contours of the possible institutional behavior of private equity funds (PEF) in Russia in modern conditions. The article analyzes the transformation of industry interests of PEF to Russian assets of non-public companies in the period of economic instability. The relevant assessment of changes in regional aspects of interaction between PEF and recipient companies from Russia against the background of sanctions and import substitution, the cyclical nature of the private direct investment (PE) market is given. Modern metrics of the Chinese PEF are presented, multilevel monitoring of the existing projects of the Chinese PEF in economy of Russia is carried out. The analysis of the consequences of multi-agent relations between PEF and target companies in Russia against the background of the gradual recovery of economic growth. The current and preferred format of investors ' participation in the PE market in the conditions of adaptation of the Russian economy to the sanctions regime is discussed.

The factors influencing prospects and dynamics of development of the Chinese PEF with the investment mandate for Russia are revealed. The mechanisms of institutional support for expanding the presence of Chinese PE in the Russian corporate control market are discussed.