While hedge funds specializing in debt markets are having trouble keeping investors in, another hedge fund specializing in the $12 billion pornography industry is raking in cash, as investors look for more bang for their buck.
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Adultvest, an investment bank that specializes in M&A for companies
that provide adults-only movies, Web sites and ... ummm other services,
launched its own hedge fund last summer. And according to
BloggingBuyouts, it may signal the start of private equity and venture capital firms taking a bigger interest in the industry.
While the 11-month-old fund has done only one deal, a buyout of
iPorn for an undisclosed amount, it's had no problem drawing investors, as a running
tally on its home page gives it over $7.9 billion in capital commitments, with
$286 million coming in the last seven days. -
George White
See BloggingBuyouts post
