3i Infrastructure investment down over 50% on last year

3i's infrastructure arm has posted pre-close results revealing that last year it has invested just £157m- less than half the £444m it invested the previous year

3i Infrastructure’s pre-close results reveal that in 2008 it invested less than half of the amount it invested in infrastructure the previous year.

It has invested just £157 million since 1 April 2008, compared to £444 million for the- slightly extended- year before, from 16 January 2007 to 31 March 2008.

In the last 12 months 3i Infrastructure has invested in a portfolio of five junior debt instruments, as well as investing £23 million into the Krishnapatnam Port Company in India.

“The market opportunity for infrastructure investment remains attractive, despite the constraints of tighter credit markets,” Peter Sedgwick, chairman of 3i Infrastructure, said in a statement. He said the firm will continue to invest “cautiously”.