Filed under: Deals, Management, Raising money, Engagements, Venture capital industry, Private equity industry, Investments
It appears that the world of porn is getting more recognition from the private equity and venture capital industries. And, no, it isn’t that private equity executives and deal makers are spending more time looking at porn than they are on deals. (Well, maybe.) More importantly, a large investor in the space is winning awards and may be opening a floodgate of capital
AdultVest is a private equity venture that we covered on its launch earlier this year. The company concentrates exclusively on adult industry investments, mergers and acquisitions. So far, its initial numbers are pretty stellar.
It claims to have some $7.9 billion in “available capital” to invest in adult-themed businesses, and $286 million of that was raised “within the last 7 days.” It also claims to have 3,809 registered investors, with 53 of those coming in over the seven days. (This data is on their homepage.)
And AdultVest was just selected by Alternative Investment News as one of four funds nominated for the “Hedge Fund Launch of the Year” award. Last month, the company also announced it was acquiring iPorn.com.
Reading through their earnings release that Rick’s Cabaret International Inc. (NASDAQ: RICK) just gave earlier this day, you might be tempted to conclude that adult-related entertainment won’t be injured by a slowing economy. On the other hand, the incredibly poor current performance by Playboy Enterprises inc. (NYSE: PLA) might make you conclude that the gathering slowdown will injured this sector.
There are a number of reasons that the investment community is trying to get into and make money from porn. The most obvious one is that you are reading about it right here right now.
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