Fitch Ratings has downgraded seven classes of SVG Diamond Private Equity II and assigned rating outlooks to five classes, effective immediately. They include: • EUR55,000,000 class A-1 notes to A from AAA; outlook stable; • USD71,600,000 class A-2 notes to A from AAA; outlook stable; • EUR76,500,000 class B-1 notes to BB from

International law firm Eversheds has advised PSource Structured Debt on USD24m of credit facilities with the Bank of Scotland consisting of an amortising term facility and overdraft.

HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam by NYSE Euronext, says its estimated net asset value is USD638.8m or USD7.70 per share as

European private equity firm Eurazeo, whose holdings include car rental group Europcar and car park management specialist APCOA, has seen combined

Gemini Partners has launched the Alacrity Capital Fund, a secured debt fund focused on providing short term, event-driven capital.

Deutsche Bank has signed a definitive agreement to acquire Dresdner Bank’s global agency securities lending business from Commerzbank.

All BVI mutual funds, which are recognised or registered under the BVI Mutual Funds Act 1996, must submit a return to the FSC no later than Tuesday 30 June 2009. 

GLG Partners, the US-listed asset manager, has announced that the offering of its dollar-denominated convertible subordinated notes due 2014 has been increased to USD214m aggregate prin

Close Growth Capital has completed the GBP27.8m MBO of Pragma and Real Time, the UK IT services businesses of Sword Group, the listed French IT company.

India’s troubled property developers are seeing early signs of a rebound, but high debt costs and a lack of private equity funding suggest a sustained recovery is unlikely for some time