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LGBT Capital Fund First for Gay Market


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Citing the growing influence of gay and lesbian consumers, Galileo Capital Management announced Tuesday that it would set up LGBT Capital, a corporate advisory and investment management unit believed to be the first to deal exclusively with the LGBT market.

LGBT Capital, which also is planning to start a fund to invest in companies providing services and products to gay people worldwide, represents an advance for the conservative investment banking world, according to The New York Times' DealBook.  
The fund is the result of meetings with gay business owners and managers who expressed their specific frustrations and needs, according to DealBook.

“LGBT Capital said it has met with a significant number of gay business owners and managers and found that many of their capital plans fell apart because of a lack of professional business development advice available and the shortage of advice on how to access external investors,” reported DealBook. “They believe this is the case partly because many L.G.B.T.‐oriented companies were originally established with a degree of secrecy and without the financial support otherwise available to start‐up companies.”

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Reader Comments
  • Name: Michael Sterling
    Date posted: 2/5/2010 12:32:28 AM
    Hometown: San Francisco

    Comment:

    Is the fund going to operate using three-dollar bills, hmm?

  • Name: Jerry Zachary
    Date posted: 2/4/2010 5:16:00 PM
    Hometown: New Orleans

    Comment:

    Here's the link: http://lgbt-capital.com/main.php I'll be watching them and maybe jumping in someday. I like the idea.

  • Name: KC
    Date posted: 2/4/2010 3:38:17 PM
    Hometown: Auckland

    Comment:

    Must we have a gay everything? So long as you can make money off it I guess. This is not progress, just the steady erosion of gay into a manipulated consumer identity.

  • Name: Larry Murray
    Date posted: 2/4/2010 2:13:02 PM
    Hometown: North Adams, MA

    Comment:

    Considering the unending news of investment scams targeting various groups, I would exercise extra due diligence before putting one penny into any fund these days. While this is a good idea, it is too amorphous for me. Caveat emptor.

  • Name: Steve H.
    Date posted: 2/4/2010 11:17:40 AM
    Hometown: Monee, Il

    Comment:

    It would be helpful to list a link to the investment company. I would love to put my money in a Gay orientated fund.



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