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Priapus Investment Fund LLC | Hedge Fund Tracker Notes

Priapus Investment Fund

Priapus Investment Fund LLC | Notes

The following piece on Priapus Investment Fund LLC is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.

Resource #1: (11.12.08) At least one sector of the economy is still thriving, if the success of its hedge fund is any indication. AdultVest Inc. announced that it had closed its Priapus Investment Fund, which invests in the adult entertainment industry, to new investors, and it has a second fund in the works. It seems the smut business is impervious to economic downturns.

“In spite of the U.S. and global economic condition, the Priapus Investment Fund, LLC, is on track for a great year,” fund manager Francis Koening said.

The Beverly Hills, Calif.-based fund has in the past year invested in such subtley-named ventures as iPorn.com and Handjob.com, as well as several adult content libraries and a public company that runs “gentleman’s clubs.” Source

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