3i spin-off doubles income

 
Marion Dakers
INVESTMENT firm 3i Infrastructure yesterday posted a 3.6 per cent rise in total returns yesterday, giving shareholders a 9.2 per cent return on their equity.

The FTSE 250-listed firm also doubled its portfolio income for the year to the end of March to £69.3m.

The company invested a total of £187.5m during the year, spending the bulk of this on the purchase of Eversholt Rail Group.

Cressida Hogg, managing partner at 3i Investments, which advises the infrastructure fund, said: “The infrastructure market continues to be relatively rich in opportunities, with the role of financial investors well established.

“The investment adviser’s comprehensive market access, focused investment strategy and solid operational understanding of the asset class will be key to achieving the company’s return objectives in the years to come.”

Investment giant 3i Group floated the firm in 2007 and remains its investment adviser.

3i Infrastructure shares closed up 1.3 per cent at 117.2p.