Barnes & Noble

About The Fund

Barnes & Noble is a longstanding establishment in the bookselling industry, founded in 1917 by Leonard Riggio. Headquartered in New York, N.Y., Barnes & Noble has grown into a multi-channel distribution giant, offering a diverse range of products and services. They serve as a content, commerce, and technology company, which reflects in their extensive catalog of trade books, textbooks, magazines, newspapers, and other content. Their core business revolves around the sale of trade books, mass-market paperbacks, children's books, and bargain books, along with a carefully curated selection of magazines, gifts, cafe products, and multimedia goods, such as music and movies. Catering to a wide audience, Barnes & Noble operates a network of 778 bookstores and maintains a significant online presence to reach customers directly. Beyond retail operations, the company is also identified as an investor with an investment thesis that concentrates on the marriage of content and technology. Prominently, they seek opportunities to foster innovation within the realm of books and education, investing in ventures that align with their expertise in commerce, especially within the confines of physical and digital book sales. As an investor, the fund stipulates a minimum and maximum investment range of $6,000,000 to $36,000,000, aiming to support projects or companies that synergize with their business model and the market they command.