Michael Queen, the finance director of 3i, has reiterated the quoted private equity company's commitment to the technology sector despite its tech portfolio being largely responsible for a knock-down on its book value.

Queen said there would be no change to 3i's business strategy, and rebuffed a suggestion that the group might consider easing its balance sheet by asking shareholders to stump up additional funding. It has relied on internal funding since 1974, he said.