Filed under: Deals, Management, Raising money, Engagements, Venture capital industry, Private equity industry, Investments
It appears that the world of porn just got more recognition from the private equity and venture capital industry with awards and with what might be an open floodgate of capital. 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.
AdultVest is a private equity venture that we covered upon its launch earlier this year. The company concentrates its practice exclusively on adult industry investments, mergers, and acquisitions. So far, the initial indicated numbers are almost stellar. It isn’t claiming to manage this much, but for “available capital” in the amount that investors claim that they or their firms are willing to commit some $7,966,850,000.00 of capital to adult-themed investments, with some $286,560,000.00 being noted as “within the last 7 days.” It also claims 3,809 registered investors, with 53 of those coming in over the 7 days. That data is on their homepage.
It was also just selected by Alternative Investment News as one of four funds nominated for the “Hedge Fund Launch of the Year” award. While this report started making rounds again yesterday, it’s actually an updated piece.
Last month, the company also announced it was acquiring iPorn.com.
If you read through the earnings release and look at the forward valuations that Rick’s Cabaret International Inc. (NASDAQ: RICK) just gave earlier this day, you might think that adult-related entertainment is not as economically sensitive as you’d think. But if you saw the incredibly poor performance from the current climate impacting Playboy Enterprises inc. (NYSE: PLA) then you might not assume it’s an endless spending.
There are a myriad of reasons that the investment community is trying to get into and make money off porn. The most obvious one is because you are reading about it right here right now.
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