Containing an infrastructure arm that has a market cap of roughly £2bn, 3i’s impressive portfolio contains 28 assets that include Elenia (the second largest electricity distribution network in Finland) and Oystercatcher (which provides over five million cubic metres of oil and petroleum storage facilities).


The terrain it treads is where industries like mobile phone mast operators (Wireless Infrastructure Group) and airport assets (like TCR) dominate. In other words, the sort of services nobody is going to give up in a hurry. Take WIG as an example; whether more mobile towers are built in new places, more space is leased on existing towers to other companies, or new technologies (like 5G) are rolled out, there is a continuity of income and ability to generate greater returns.