Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

3i Cautious on Private Equity, Sees Sale Opportunities

July 30 (Bloomberg) -- 3i Group Plc, Britain’s oldest private-equity firm, said it remained a “cautious investor” in its private-equity and infrastructure businesses and foresaw growing opportunities to sell its investments.

3i received 164 million pounds ($277.8 million) in proceeds from private-equity realizations in the second quarter, with another 245 million pounds expected from exits signed but not yet completed, the London-based firm said in a statement today.

“The new financial year has started well,” Simon Borrows, chief executive officer of 3i Group, said in the statement. “We are seeing good momentum across the group and a growing number of exits at attractive valuations. We remain cautious investors in both private equity and infrastructure, given the competitive dynamics in those markets but have made selective investment in all three divisions.”

3i made cash investments in private equity of 35 million pounds in the three months through June compared with 9 million pounds in the same period last year. The largest was the 27 million-pound purchase of a stake in Eurofund V from a third party investor, the firm said.

Assets under management fell to 12.5 billion pounds at the end of June from 12.9 billion pounds three months earlier. Seventy-four percent of the assets were related to third party capital, the company said.

To contact the reporter on this story: Kiel Porter in London at

To contact the editors responsible for this story: Edward Evans at Mark Bentley

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.