Private equity giant 3i is continuing to flex its muscles in the debt management space after completing a tie up in the US.
3i has completed a "strategic transaction" with an outfit called Fraser Sullivan, which has gross assets of around £6.9m. The idea is for Fraser Sullivan to build 3i's US debt management platform, leveraging its current market position.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
First-time buyer mortgages that lend a handThe first rung of the property ladder can feel like more of a leap than a step – but choosing the right mortgage can help
-
Is the 4% pension rule dead? Why the 6% rule could replace it‘Pensions are for spending’ is the new mantra now inheritance tax will apply to them from April 2027. In exclusive calculations we show how much more you can take from your pension to wind it down completely by age 90.
