The Zurich-based private equity firm Zurmont Madison Management has achieved the final closing of its new fund, Zurmont Madison Private Equity LP, with total commitments of more than CH

Former Merrill Lynch prop desk co-head Mark Devonshire has taken his new distressed debt fund to Harbour Capital, the London-based hedge fund investment management platform.

Members of a newly formed AIM alliance have launched their website at a meeting in London.

A scheme that will enable Belfast’s major landfill site to produce electricity by next summer is being funded by the Ventus Funds, managed by Climate Change Capital.

The merged entity of Bank of America and Merrill Lynch could have top five investment banking relationships with 55 per cent of large US companies, according to a report by Greenwich As

Shotz Health has asked Catalyst Investment Group to help secure up to GDP1.9m from potential professional investors who would gain a 20 per cent equity stake in the company.

Two thirds of private equity investors will have little or no headroom for new fund commitments by this time next year, according to Coller Capital’s latest Global Private Equity Barome

Some businesses are flourishing in the face of the economic downturn with the support of private equity backing, according to Matrix Private Equity Partners.

Nearly 30 per cent of fund administrators in Europe will experience a reduction in revenue in 2008, according to a survey by Deloitte.

Octopus Investments has sold the majority of its 6.3 per cent holding in TDX Group, a provider of analytics-based consumer debt management services, for approximately GDP2.6m.