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
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 CHF250m (approx. EUR165m).
This exceeds the original target fund size of CHF200m.
The fund is focused on the financing of succession solutions and buyouts of established small- to medium-sized industrial and consumer goods companies in Switzerland, Germany and Austria.
Werner Schnorf, founding partner of Zurmont Madison Management, says: ‘We are very satisfied that we were able to exceed our target fund size in the difficult market environment. This is a strong sign of confidence on the part of our investors. They apparently place a high value on our operational approach, as well as on our distinct industrial background and our network.’
More than one third of the investors had already participated in the former Zurmont and Madison investment companies.
The investors of Zurmont Madison Private Equity LP include Swiss and international institutional investors (55 per cent), Swiss pension funds (23 per cent) as well as private individuals and family offices (22 per cent).
About 55 per cent of the investors are from Switzerland; the rest are based in Europe and the US.
The first closing of the new fund occurred at the end of May 2007.
