The vote of confidence that they've instilled in us further fuels our existing drive to be the leading name in the hedge fund service industry.
New York, NY (PRWEB) April 30, 2008
HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand business operations in both their New York City and West Palm Beach locations, as well as to break out into new verticals of the hedge fund industry.
"We are extremely excited that Inter-Atlantic has taken an interest in us, and are eager to take HedgeCo to the next level," says Evan Rapoport, Managing Partner and Co-Founder of HedgeCo Networks. "The vote of confidence that they've instilled in us further fuels our existing drive to be the leading name in the hedge fund service industry."
Inter-Atlantic currently invests in a handful of small to mid-size companies. The companies are chosen after a careful evaluation and determination of potential growth and market reach.
"Inter-Atlantic believes the hedge fund industry is a high growth sector with tremendous potential," says Inter-Atlantic Managing Partner Andrew Lerner. "Rather than investing in a hedge fund itself, Inter-Atlantic chose to invest in one of the premier service providers to hedge funds. We like HedgeCo's international reach, position as a top tier portal and recurring fee revenue model."
About HedgeCo Networks
HedgeCo Networks manages HedgeCo.Net, the premier Hedge Fund Database and Information Portal, along with nine other websites devoted to alternative investments. With over 25,000 active members, HedgeCo.Net provides a platform for hedge fund managers, investors and service providers. HedgeCo also offers a vast array of services, including hedge fund website design, consultation, third party marketing and seeding. The company has consulted or helped to launch over 500 new hedge funds, both onshore and offshore. HedgeCo Networks was founded in 2001 by Evan Rapoport and Andrew Schneider. For more information, visit HedgeCoNetworks.com.
About Inter-Atlantic Group
Inter-Atlantic Group seeks to identify and create private equity investment opportunities throughout the broad financial services industry, one of the largest segments of the US economy. Specific sectors include financial technology, banking, insurance, asset management and service providers to the financial services industry. Typical investments range from $3 million - $10 million. Inter-Atlantic is principally focused on US and Bermuda opportunities but considers investment opportunities worldwide. For more information, visit InterAtlanticGroup.com.