365gay.com reports: Niche investment banking is tough, but that is not stopping Galileo Capital Management from entering the market. Galileo launched LGBT Capital, an advisory and investment management group that will focus exclusively on the queer market. For details see http://lgbt-capital.com/main.php
In addition, LGBT Capital is preparing to introduce a fund that will invest in companies that cater to the LGBT community.
The companies founders met with a number of LGBT businesses and felt there was a hole that needed to be filled providing financial services to a specialized group.
“LGBT-oriented business owners often have the desire to expand, but also frequently lack the expertise, correct capital structure or know-how to access funding,” Paul Thompson, a co-founder of LGBT Capital, said in a statement, according to The New York Times. “We believe there is a significant opportunity to provide the financial expertise typically found within an investment banking context to LGBT companies, which in turn would allow quality companies to secure funding.”





