Under the leadership of Jonathan Russell, 3i's under-performing buyout division has been transformed into a leading mid-market investor. But how will Russell be able to maintain this momentum in the face of fierce competition and mounting external scrutiny? James Taylor met him in London in May to find out.
It's results day at 3i, Europe's largest listed private equity group.
Not too long ago, this would have been an unhappy experience for its senior team. In the early part of the decade, the company suffered big losses – £142 million in 2001, widening to almost £1 billion by 2002 – after a series of big bets on the technology sector exploded in the dotcom crash.
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