Last checked at 
LONDON (Alliance News) - 3i Group PLC Thursday said its diluted net asset value per share rose 5% in the third quarter of its financial year, cash proceeds from realisations were bigger than the new investments it made, and it said it was remaining cautious on new investments because pricing remains full, particularly in Europe.
The private equity investor reported a diluted net asset value per share of 375 pence as of December 31, before the payment of its interim dividend of 6.0 pence a share.
It said it received GBP245 million of private equity realisation proceeds in the three months to end-December, while making total cash investments of GBP178 million. That brought the totals for the first nine months of the financial year to GBP569 million and GBP377 million, respectively.
"The wider European economic and political environment continues to be a concern, but our portfolio remains well positioned and continues to perform strongly overall. Pricing in Europe in particular remains very full and, although keen to invest, we remain cautious and will continue to be an active seller of investments while this environment persists," Chief Executive Simon Burrows said in a statement.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
