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Tuesday, February 2, 2010

New Galileo Capital Management unit targets gays

London, Feb. 2, 2010 – Galileo Capital Management has launched LGBT Capital, a specialist corporate advisory and investment management unit targeting businesses worldwide that serve the lesbian, bisexual, gay and transgender (LGBT) market. It provides corporate advisory and business development services.

LGBT Capital also announced plans for a new fund that will invest in companies providing products and services to the LGBT population. A press release issued by LGBT Capital predicts the rights of gay people will continue to expand and lead to growth among companies that serve them. These businesses will look to raise capital, merge and acquire—activities that require specialized advice and capital-raising options.

“LGBT-oriented business owners often have the desire to expand but also frequently lack the expertise, correct capital structure or knowledge to access funding” says Paul Thompson, co-founder of LGBT Capital. “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.”

The unit’s principals, Anders Jacobsen and Paul Thompson, together have over 40 years experience as investment managers with firms such as Goldman Sachs, Prudential Financial, Inc., Bankers Trust and Chase Manhattan Bank. For more information, visit


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