Collaboration with Intrexon Corporation to Focus on Investments in
Synthetic Biology
JMP Group LLC (NYSE:JMP),
an investment banking and alternative asset management firm, announced
today that Harvest Capital Strategies has raised $245 million for the
Harvest Intrexon Enterprise Fund, an investment vehicle dedicated to
funding companies that utilize the inventions, discoveries and
technologies of Intrexon Corporation (NYSE: XON),
a leader in synthetic biology.
The Harvest Intrexon Enterprise Fund will invest exclusively in entities
that utilize Intrexon’s technology, with a particular focus on new
companies, to spur the creation of biologically-based products across a
number of sectors, which may include healthcare, food, agriculture,
energy, environment, chemicals and consumer products. The fund has made
two investments to date: Thrive Agrobiotics, Inc., a startup entity
formed to utilize Intrexon’s ActoBiotics® platform to express
nutritive proteins for improving the overall growth and feed efficiency
in piglets, and Intrexon Energy Partners II, a joint venture formed to
utilize Intrexon’s proprietary gas-to-liquids platform to produce 1,4
butanediol, a chemical intermediate used to manufacture spandex,
polyurethane and plastics from low-cost natural gas feedstock.
“We are thrilled to be investment partners with Intrexon Corporation,”
said Craig R. Johnson, vice chairman of JMP Group and chairman of
Harvest Capital Strategies. “This fund leverages our firm’s highly
regarded life sciences expertise, our investment banking and asset
management platforms, and our key investor relationships. We value this
unique opportunity to make investments with a leader in synthetic
biology, with the goal of creating new products that improve quality of
life in a number of areas. We look forward to the months and years
ahead.”
About JMP Group
JMP Group LLC, an investment banking and alternative asset management
firm, provides investment banking, equity research, and sales and
trading services to corporate and institutional clients as well as
alternative asset management products and services to institutional and
high-net-worth investors. JMP Group conducts its investment banking and
research, sales and trading activities through JMP Securities; its hedge
fund and other investment activities though Harvest Capital Strategies;
the underwriting and management of investments in senior secured debt
through JMP Credit Advisors; and the management of Harvest Capital
Credit Corporation (NASDAQ:HCAP), a business development company that
finances small and midsized businesses, through HCAP Advisors. For more
information, visit www.jmpg.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160112006446/en/
Copyright Business Wire 2016
Source: Business Wire
(January 12, 2016 - 4:15 PM EST)
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