Overview
It is debatable whether 3i should be classified as an investment company or not. It holds a portfolio of mid-market private equity investments, focused on the Business Services, Consumer, Healthcare and Industrial sectors, but its also invests in infrastructure and has a debt management business and some might argue it is more akin to a fund manager than a fund. 3i says its strategic goal is to be a leading international manager of third-party and proprietary capital with three strong investment businesses (private equity / infrastructure / debt management) delivering top quartile cash investment returns over the longer term. You can access the company’s website by clicking here.
Fundamentals
Price
Research History
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15 Apr 2019 6 min read
Quarterly Investment Companies Roundup – First Quarter 2019
Quarterly Investment Companies Roundup – First Quarter 2019 QuotedData news Through the first quarter of 2019, global equities largely clawed back the losses suffered over the final weeks of 2018. How much longer this ten-year bull market can sustain itself is the subject of much debate. US interest rate rises have stalled, reflecting growing cautiousness. Elsewhere, […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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10 Jan 2014 2 min read
Private equity funds in 2013
2013 was a year of mixed fortunes for the listed private equity sector. Some funds did exceptionally well but others, particularly those exposed to emerging markets saw falling NAVs and widening discounts. The recovery in 3i : III ‘s share price following the disclosure of Sherborne’s stake building in the fund pushed it close to the […]
News
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07 May 2021 3 min read
QD view – how the top 10 trusts have changed
I was playing with the QuotedData data pages this week – looking at factors such as widest discounts and highest yields – then I alighted on the 10-largest funds by market cap and I have to admit that some names on that list were a surprise to me. Fortunately, I had some old data from […]
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03 Apr 2018 2 min read
3i Infrastructure makes investment in Attero
3i Infrastructure makes investment in Attero – 3i Infrastructure will invest €201m to acquire a 50% stake in Attero, one of the largest waste treatment and disposal companies in the Netherlands. 3i Infrastructure will invest alongside DWS’s infrastructure investment business (formerly Deutsche Asset Management) to acquire Attero from Waterland, a Dutch private equity fund. 3i […]
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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03 Aug 2016 2 min read
Fidelity European let down by widening discount
Fidelity European Values says that, during the six months ended 30 June 2016, its NAV total return was 7.6% compared to a total return of 4.8% for the FTSE World Europe (ex UK) Index which is the Company’s Benchmark Index. The share price total return was -3.8%, which is behind the NAV total return as a consequence […]
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14 May 2015 1 min read
A strong year for 3i
3i Group’s annual results for the year ended 31 March 2015 show the company performing well with NAV increasing by 14% to 396p per share (despite foreign exchange losses of 12p per share). Management report that all three businesses are performing well. The private equity portfolio saw realisations worth £831m, investment of £369m across four transactions and an […]
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13 Nov 2014 1 min read
3i continues to shrink private equity portfolio
III : 3i continues to shrink private equity portfolio 3i’s net asset value rose by 10p to 358p over the six months that ended on 30 September 2014 and, in addition, it paid a 13.3p dividend to shareholders in July – this works out at a total return for the period of 7.1%. It plans […]
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14 May 2014 1 min read
3i : III – annual results
3i, run by Simon Borrows (pictured), has released its results for the year ended 31 March 2014. Over the period 3i delivered a net asset value total return of 16.3% – ending the year with a net asset value of 348p (up from 311p). The return to shareholders was 30% as the share price rose in […]
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17 Apr 2014 1 min read
3i : III – disposal
3i has announced that one of its larger holdings, animal health and nutrition specialist Phibro, has IPO’d in the US. 3i gets £67.6m in cash and still has a £25m stake in the business. Overall the deal adds £21.8m to 3i’s net asset value.
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30 Jan 2014 1 min read
3i : III – Interim management statement
3i’s interim management statement covering Q4 2013 mentions £29m of realisation proceeds received – making £557m for the last nine months – 35% up on the previous year; £322m invested including four European Private Equity investments; completion of their acquisition of BIFM (an infrastructure business); and successfully closing their third US CLO. The NAV at […]
In The Press
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28 Oct 2024 1 min read
With shares of many private equity trusts trading at a huge discount, is now the time to pounce?
By Anne Ashworth, Daily Mail, 25 October 2024: The word ‘discount’ is one of the most enticing in the English language. But in the case of private equity investment trusts, discounts are provoking more suspicion than excitement at present. The share prices of many of these trusts – which back the unlisted businesses poised to […]
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14 Oct 2024 1 min read
Investment trust insider on HarbourVest Global Private Equity
Investment trust insider on HarbourVest Global Private Equity – James Carthew: I bought HarbourVest because its discount is far too wide HarbourVest Global Private Equity languishes on a 42% share price discount, which ignores several positive features of the £1.7bn portfolio I said two weeks ago I was thinking about buying shares in another undervalued […]
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13 May 2024 1 min read
How these four private equity trusts could help you cash in on… The STARS of TOMORROW
By ANNE ASHWORTH, Daily Mail, 11 May 2024: De-equitisation is one of the top trends of 2024 and it is unlikely to prove a fad, with implications for our pensions and savings. More companies are opting not to list their shares on a stock market, but to find ‘equity’ or finance from banks and other […]
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11 Oct 2023 1 min read
15 years on from Lehman’s: the funds and investment trusts that top the charts
by Kyle Caldwell from interactive investor, 10th October 2023: The 15-year anniversary of the collapse of Lehman Brothers, which sent shockwaves through global stock markets, recently passed. Prior to the largest bankruptcy in US history came the credit crunch. This put paid to over-borrowed banks such as Northern Rock. Then came the full-blown banking crisis […]
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24 Jul 2023 1 min read
Why I’m sticking some start-ups in my pension
David Brenchley, The Times, July 22 2023: Cheap private equity investment trusts can be lucrative pension investments – but you need to pick the best and back them for the long-term. Private equity funds have been in the spotlight since the chancellor, Jeremy Hunt, got nine of Britain’s biggest pension firms to agree to pump […]
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27 Sep 2022 1 min read
Which FTSE 100 investment trust should you hold?
Eve Maddock-Jones, Investment Week, 26 September 2022: For the first time in the history of the FTSE 100, the index features four investment trusts: Scottish Mortgage, 3i, Pershing Square Holdings and F&C… All four trusts can count themselves as heavyweights of the closed-ended space, for different reasons. While F&C holds heritage, IT Global peer Scottish […]
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30 Jun 2022 1 min read
Preparing for a wave of value write-downs in the private equity trust universe
Ian Conway, Shares Magazine, 30 June 2022: Private equity investors have been put on warning after press reports last month that privately-owned BNPL (buy now, pay later) specialist Klarna was seeking to raise fresh capital at a steep discount to its previous valuation. This has raised the question of whether private equity valuations need to […]
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26 Jul 2021 1 min read
Trust Watch: ‘Cheap’ biotech & a 6%-yielding property play
Lots in this week’s review with strong updates from private equity trusts 3i and NBPE, biotech funds showing value and Waverton lining up a launch. By Gavin Lumsden, Investment Trust Insider, 23 Jul, 2021 3i and NBPE impress Fifth-placed 3i Group (III) rallied over 8% in the week to Thursday, half of it coming yesterday after the UK private […]