“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.
