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AdultVest Plans Sequel to Priapus Fund

AdultVest Plans Sequel to Priapus Fund
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By Rhett Pardon
Thursday, Nov 13, 2008    Text size: 
BEVERLY HILLS, Calif. — AdultVest, which recently closed its offering in its Priapus Investment Fund, is counting on an exceptional year with a sequel for investors willing to invest in adult entertainment businesses.

“We are already hard at work on the development of Priapus Investment Fund II and have very high expectations for the new fund,” AdultVest CEO Francis Koenig said. "We have identified a few more opportunities that will close out the year and expect the fund to be fully invested by early 2009.”

Koenig said that adult entertainment has been relatively recession-proof for his first round of investments. "In spite of the U.S. and global economic condition, the Priapus Investment Fund is on track for a great year," he said.

The Priapus Investment Fund this year acquired iPorn. com, HandJob. com and several adult-content libraries.

The fund also invested in the development and acquisition of several Internet technologies, software platforms and mobile technologies, and also acquired a stake in a public company operating gentlemen's clubs.

The Priapus fund requires a $100,000 minimum investment.

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  • AdultVest to Host Kickoff Party for Erotica LA, iPorn Prelaunch   May 23, 2008
  • AdultVest Nominated for 'Hedge Fund Launch of the Year'   May 10, 2008
  • AdultVest Acquires iPorn.com   Apr 11, 2008
  • AdultVest Set to Begin Monthly Investor Meetings   Feb 27, 2008
  • AdultVest, Major Studios in IPTV Deal   Nov 28, 2007
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