Listed private equity investor 3i Group (III.L) more than doubled the amount it invested in the three months to 30 June 2011, compared with the prior-year period.

The group also announced Ian Nolan would be leaving as chief investment officer, to be replaced by Greenhill & Co International chairman Simon Borrows in the Autumn.

The company invested £233 million in the three months to 30 June 2011, compared with £105 million in the three months 30 June 2010.

Of the £233 million invested during the period, £158 million was new investment, including: £112 million in Hilite, £17 million into GO Outdoors and £13 million into World Freight Company International.

Michael Queen, chief executive at 3i, said, 'We have made a good start to the year with a significant increase in the level of investment during the period.

'These new investments and a strong pipeline combined with our confidence in the portfolio, provide a positive outlook for the business.'

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