SAN FRANCISCO--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.