3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from its own listed capital resources.
The new fund will focus on Asian-exposed consumer businesses in the US and Europe, as well as healthcare, financial services, and general industrial opportunities worldwide. The fund has a ten-year life...
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