(Adds detail on loan, assets under management, dividend)
LONDON, July 30 (Reuters) - London-based private equitygroup 3i said it earned 164 million pounds ($277.88million) from exiting companies in the last quarter, with afurther 245 million pounds to come.
"We are seeing good momentum across the group and a growingnumber of exits at attractive valuations," 3i Chief ExecutiveSimon Borrows said in a statement on Wednesday.
"We remain cautious investors in both private equity andinfrastructure given the competitive dynamics in those marketsbut have made selective investment in all three divisions."
In a statement on its first quarter of the new financialyear that started in April, the company said it raised a $618million collateral loan obligation (CLO), and a further 525million euros European CLO since the quarter ended.
It had 12.5 billion pounds of assets under management at theend of June, down slightly from 12.9 billion at the end ofMarch.
It paid a final dividend of 13.3 pence per share on July 25.
The company said the mid-market private equity marketremains fully priced, resulting in a cautious approach to newinvestment.
(1 US dollar = 0.5902 British pound) (Reporting by Huw Jones, editing by Louise Heavens)
3i Group (III)