3i has created a website, separate from its corporate site, which documents how the listed private equity and infrastructure group approaches its corporate responsibility.
The site features a step-by-step guide to the private equity fund management process from fundraising to exit, and is not intended to document charitable donations or other philanthropic causes. Instead, it examines the various issues that a private equity firm needs to address at any one stage of the investment process.
“There are many interested parties in private equity investment and there is a clear need to raise awareness of how private equity works,” Patrick Dunne, 3i’s communications director, told PERE's sister website, PEO.
“3i is both an investor and a FTSE 100 company in its own right, and both of these roles bring responsibilities,” he said.
Dunne points to 3i’s history in innovative reporting on issues of responsibilities.
“3i has been reporting on its corporate responsibility in for a long time, and this is, in many ways, just a natural evolution,” he said.
In May, Doughty Hanson, a European buyout firm, appointed Adam Black to advise portfolio companies on environmental, social and governance issues. In a statement, the company linked sustainable returns with “strong governance, sound environmental stewardship and social responsibility”.
In April, 3i Group closed on its India-focused infrastructure fund at $1.2 billion (€753 million), 20 percent above its initial target.
The 3i India Infrastructure Fund was launched in August of 2007 targeting $1 billion, aiming to build a balanced portfolio of infrastructure investments in India investing primarily in power, ports, airports and road projects in early-stage and mature infrastructure operations. The fund obtained commitments from 16 limited partners from ten countries across Europe, North America, Asia and the Middle East.