Kurt Björklund, the co-managing partner of London-based private equity firm Permira, has quit the advisory board of a Russian state-owned investment fund where he sat alongside other prominent US and European deal makers.

The Finnish national left the board of the $10 billion Russian Direct Investment Fund this month, a spokeswoman for Permira said. Björklund is no longer listed as an adviser on the fund's website. TPG's David Bonderman, Apollo Global Management's Leon Black, Blackstone Group's Stephen Schwarzman, Warburg Pincus's Joseph Schull and Apax Partners' Martin Halusa are still listed as advisers, despite wide-ranging economic sanctions imposed by the US and EU on Russia. Spokesmen for Apollo and Blackstone declined to comment. Spokesmen for TPG and Warburg Pincus didn't immediately respond to requests for comment.