Piper Jaffray Private Capital Team Expands With the Addition of Mike Pohlen
November 28 2007 - 10:23AM
PR Newswire (US)
MINNEAPOLIS, Nov. 28 /PRNewswire-FirstCall/ -- Piper Jaffray
Private Capital today announced the addition of Mike Pohlen to the
firm's fund of funds team. Pohlen will be responsible for
evaluating, implementing and monitoring venture capital (VC),
leveraged buyout (LBO) and direct investment opportunities. He will
be based in the Minneapolis headquarters office. Prior to joining
the fund of funds team, Pohlen was a vice president in investment
banking at Piper Jaffray where he focused on lower middle market
mergers and acquisitions. Previously, he was the founder and
president of an investment fund focused on small cap industrial and
consumer companies, and also worked with the TerraVest Income Fund,
a private equity firm that acquired lower middle market companies
in Canada. In addition, he was the vice president and co-founder of
the small cap portfolio group at Deephaven Capital Management, a
multi-strategy hedge fund manager. "Each of the members of our
investment committee and the senior members of our team have known
and worked with Mike for at least seven years," said Scott
Barrington, head of Private Capital. "He brings a wealth of
valuation expertise, investment experience and insights about
private equity managers, which are the perfect complement to our
existing investment team." Piper Jaffray Private Capital manages
the Private Equity Partners series of funds of funds. These funds
invest in highly sought after VC, LBO and CleanTech fund managers
to create vehicles that are diversified across industry sectors,
investment stage, vintage year and geography. Clients include
college endowments, foundations, pension plans (corporate, public
and Taft Hartley), family offices and high net worth individuals.
In early 2006, the team began implementing a
thoughtfully-constructed plan to build a world-class fund of funds
team with direct investment capabilities. During that time, it
added several investment professionals and an institutional sales
team, and significantly enhanced its accounting and reporting
capabilities. "The addition of Mike this month marks the completion
of that plan," adds Barrington. Pohlen earned a bachelor's degree
in actuarial science and a Master of Business Administration degree
from the Carlson School of Management at the University of
Minnesota. About Piper Jaffray Piper Jaffray Companies is a
leading, international middle-market investment bank and
institutional securities firm, serving the needs of middle-market
corporations, private equity groups, public entities, nonprofit
clients and institutional investors. Founded in 1895, Piper Jaffray
provides a comprehensive set of products and services, including
equity and debt capital markets products; public finance services;
mergers and acquisitions advisory services; high-yield and
structured products; institutional equity and fixed-income sales
and trading; equity and high-yield research; and private equity
products. With headquarters in Minneapolis, Piper Jaffray has 25
offices across the United States and international locations in
London, Hong Kong, Shanghai and Beijing. (NYSE:PJC)
(http://www.piperjaffray.com/) DATASOURCE: Piper Jaffray CONTACT:
Rob Litt, Media Relations of Piper Jaffray, +1-612-303-8266 Web
site: http://www.piperjaffray.com/
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