The I2 Fund is an English Limited Partnership created to invest in the equity of existing operational infrastructure projects in the United Kingdom and European euro currency countries with a view to creating a diversified low risk portfolio. Barclays Private Equity and Société Générale participated in the initial £300m closing of the Fund in November 2003. On 10 June 2005 3i became the new Limited Partner and joined the Fund with an additional investment of £150m. I2 has now achieved its target commitment of £450m. The I2 Fund is keen to invest in UK PFI projects and will consider investments in single project companies or groups of projects; whether by way of direct interest or an interest held through a holding entity. I2 has 38 investments with £230m invested across a wide range of sectors including health, education, transport, utilities, accommodation and equipment. The chairman of the fund is Sir Adrian Montague CBE who, from 1997 to 2001 held senior positions concerned with the implementation of the Government's strategy for involving the private sector in the delivery of public services, first as Chief Executive of the Treasury Taskforce, and then as Deputy Chairman of Partnerships UK plc.