Jordan, Edmiston forms e-commerce investment fund

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New York--The Jordan, Edmiston Group, a media investment bank, announced Monday it has formed JEGI Internet Economy Partners, a $100 million fund that will invest in early-stage media e-commerce companies. The fund is designed to make investments in companies that have technologies or business models that could help media businesses. Tom Crowley, formerly of GE Capital, will be managing partner of the fund. An advisory board for the fund includes VerticalNet President-CEO Mark Walsh, GlobalCenter CEO Leo J. Hindery Jr. and former Cahners Business Information CEO Bruce Barnet.
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