3i sees good realisations

28th Jan 2010 07:06

Private equity group 3i said it has started 2010 in a strong financial position and has continued to see good realisations from its portfolio.Realisations (excluding co-investment funds) were £270 million for the third quarter, bringing realisations to £777 million for the nine months to 31 December (2008: £942 million). 3i invested £59 million during the quarter, bringing the total investment in the nine months to 31 December to £249 million. ?'We start 2010 in a strong financial position, building on the performance of the previous quarter,' said chief executive Michael Queen.'We have continued to see good realisations from the portfolio and the pipeline for new investment has strengthened.'