PR Newswire – April 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.
Full article is available here: PR Newswire