Euromoney has taken a 10 per cent stake in private capital placements platform Zabato for $5.5m (£3.6m).
The California-based business, founded by Silicon Valley entrepreneur Joe Lonsdale, is designed to "address inefficiencies in private capital markets". It operates a number of different divisions including a private label platform and a marketplace.
Today's investment follows a joint venture agreement struck earlier this year between Zanbato and Euromoney's Institutional Investor division to serve the institutional segment of the private placements market.
"Euromoney's investment strengthens this strategic partnership by providing Zanbato with the financial resources to accelerate its product and business development plans," the firm said this morning.