November 8, 2018 / 8:03 AM / 10 days ago

British fund 3i Infrastructure posts £157 million in total return

LONDON (Reuters) - British fund 3i Infrastructure 3I.L on Thursday posted a total return of 157 million pounds in the six months to 30 September, up from 121 million pounds in the same period in 2017.

The fund, which has a portfolio value of 1.8 billion pounds, invests in and manages a portfolio of mid-market infrastructure businesses, and greenfield and low-risk energy projects.

The company generated a total return of 9.3 percent on opening net asset value for the first half, ahead of the medium term target return of 8 percent to 10 percent a year.

(The story corrects AUM in paragraph 2 to 1.8 billion pounds portfolio value from 3.4 billion pounds).

Reporting by Dasha Afanasieva, editing by Huw Jones

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