(March 30 – 10:15 ET) – Alternative trading system, Instinet Corp., has bought 13% of
online private equity firm Vencast.com.
Vencast facilitates institutional private equity transactions through interactive multi-media presentations from both private companies and private equity funds.
“Instinet is committed to investing in strategic relationships designed to improve investor performance and to make capital raising more efficient,” says Douglas Atkin, CEO of Instinet Corp.
Vencast CEO Jeffrey Dyment says that his firm intends to become the top online location for global private equity transactions. “We are privileged to have Instinet as an investor, as well as a strong supporter and endorser of our business venture,” he says. Vencast has offices in New York, San Francisco and Westport, Connecticut.
-IE Staff