Listed portfolio pushes 3i into £182m loss

The UK-based private equity firm had a total negative return of £182m for the first half of 2008, due in part to £411m in write-downs and an £87m drop in value of its quoted portfolio. Its buyout and infrastructure businesses produced positive returns.

3i suffered a £182 million (€224 million; $289 million) overall loss for the six months ended 30 September, a dramatic reversal of the group’s performance in the same period last year when it booked a £512 million profit.

The results translate to a total negative return of 4.5 percent – its first negative return in five years – and a net asset value of £10.19

Share this