3i raises dividend as client funds increase

Private equity group 3i has raised its dividend by a fifth after reporting a sharp rise in investments in the year to 31 March.

The full-year dividend was lifted to 3.6p a share from 3p.

Total assets under management were £12.686bn, up from £9.633bn the previous year.

“High quality new investment has always been central to future value growth for our shareholders,” said chairman Sir Adrian Montague.