3i sponsors professorship for Private Equity

23 Apr 2008

3i, Europe’s leading mid-market private equity firm, has agreed to sponsor a professorship at Johann Wolfgang Goethe University in Frankfurt, Germany, to further research and education in the field of private equity.

3i, which has had offices in Germany for 25 years, will fund the chair with €200,000 per annum for a period of six years, with a review after the third year. With the agreement between the university and 3i now in place, the next important step is to identify an individual who brings excellent research and teaching experience in the area of private equity in a domestic and international context.

“We have a particular interest in advancing education and research in the area of private equity and in improving the understanding of the contribution this form of finance makes to society,” said Stephan Kruemmer, Partner and Managing Director of German Speaking Europe at 3i.

Prof. Dr. Rudolf Steinberg, President of Goethe University, commented: “The new sponsored professorship is a valuable building block for the further expansion of our nationally recognised faculty for economics, the quality of which was once again confirmed by its excellent placement in the latest CHERanking.”

This funded chair is the 35th such sponsorship at the university since 2000.

 

Notes to editors

About Johann Wolfgang Goethe University in Frankfurt
Johann Wolgfang Goethe University in Frankfurt am Main, Germany, is a lively, urban, and cosmopolitan university that provides an excellent atmosphere in which to research, study, think, and create. The university was founded in 1914 through private funding. Thus, the university owes its establishment to the link – which is characteristic for the city of Frankfurt – between dynamic research, the legacy of the Enlightenment, and the conscious commitment of the citizens of Frankfurt to the fundamentals of international trade and industry.

As one of the major institutions of higher education in Germany, the university is committed to providing a wide spectrum of disciplines in research and teaching, to generating outstanding achievements, and to breaking new ground through the targeted utilization of the advantages and synergies of interdisciplinary work in research and teaching. In competition with the best national and international universities, Frankfurt University aims to fulfill its training and educational mandates through performance and open-mindedness. The university supports the practical application of knowledge based upon solid fundamental research.

 

About 3i

3i is a world leader in private equity and venture capital.  We focus on buyouts, growth capital, venture capital, infrastructure and Quoted Private Equity and invest across Europe, the United States and Asia. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders.

For further information please contact:

Jennifer Letki
email. Jennifer.Letki@3i.com 
tel.  020 7975 3190