UK-listed private equity firm 3i Group's problematic boom-era fund has finally returned to health, running at par value with a number of exits still to go, according to chief executive Simon Borrows.

Eurofund V, the firm's €5 billion mid-market buyout fund raised in 2006, is now valued at 1.0-times cost - meaning it has returned 100% of capital to investors gross of fees - following a number of exits so far this year, Borrows told reporters as part of the firm's half-year results to September 30 this morning.