Buy into this top private-equity group

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3i is no one-trick pony
(Image credit: Credit: Blend Images / Alamy Stock Photo)

Many investors are put off private-equity group 3i (LSE: III), a FTSE 100 constituent, because of the persistently high premium to net asset value at which its shares trade. But given that the shares have more than quadrupled in the last five years, and paid generous dividends, shunning 3i has clearly been a mistake.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.