3i Quoted Private Equity, a listed fund run by 3i that invests exclusively in publicly traded companies, has made its first investment in a US-based company as the fund shakes off a slow start to investing amid market turbulence.
3i QPE has paid $52.7m (â¬33.8m) to acquire a 19.5% stake in Phibro Animal Health, a US-based provider of treatments for animal diseases listed on London's Alternative Investment Market.
