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Leaving aside companies that have been acquired or joined the index recently, 3i (LSE:III) has been the FTSE 100’s top performer over the last 10 years. The stock’s up 670% since June 2015.
The underlying business has been going from strength to strength and it isn’t showing any real signs of stopping.
What is 3i?
3i’s a private equity firm with a difference. Since 2015, the company has focused on investing its own cash instead of raising capital from investors – and the result has been transformative.
The big advantage to this is it allows the firm to invest on its own timeline. Rather than having to deploy capital when prices are high, it can wait for opportunities to present themselves.
3i’s largest investment is in a business called Action – a European discount retailer. This makes up around 66% of the FTSE 100 company’s investment portfolio and it’s…
