(Adds detail on loan, assets under management, dividend)
LONDON, July 30 London-based private equity
group 3i said it earned 164 million pounds ($277.88
million) from exiting companies in the last quarter, with a
further 245 million pounds to come.
"We are seeing good momentum across the group and a growing
number of exits at attractive valuations," 3i Chief Executive
Simon Borrows said in a statement on Wednesday.
"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."
In a statement on its first quarter of the new financial
year that started in April, the company said it raised a $618
million collateral loan obligation (CLO), and a further 525
million euros European CLO since the quarter ended.
It had 12.5 billion pounds of assets under management at the
end of June, down slightly from 12.9 billion at the end of
It paid a final dividend of 13.3 pence per share on July 25.
The company said the mid-market private equity market
remains fully priced, resulting in a cautious approach to new
(1 US dollar = 0.5902 British pound)
(Reporting by Huw Jones, editing by Louise Heavens)