NEW YORK — The June 2 issue of BusinessWeek magazine will feature mention of adult investment firm AdultVest.
“The hottest new hedge fund may also be the raciest,” writes BusinessWeek staff writer Jessica Silver-Greenberg.
“The $7.9 billion AdultVest, one of four firms in the running for Alternative Investment News' Hedge Fund Launch of the Year award, invests only in the adult entertainment industry.”
The article goes on to mention AdultVest’s most recent adult purchase — iPorn. The yet-to-be launched site allows users to import adult films to cell phones, computers and MP3 Players. The site is also being customized for compatibility with home theaters.
BusinessWeek also found it noteworthy that AdultVest has acquired an equity stake in VCG Holdings, which operates gentlemen's clubs across the country.
"It's a market untapped by Wall Street," AdultVest CEO Francis Koenig said in the article. "There are 6 billion people on the planet, and most of them participate in adult entertainment."
AdultVest has been featured on CNBC, Forbes, the New York Times, Bloomberg, CNN, Business 2.0 and other media outlets.