JMP Securities, a wholly owned subsidiary of JMP Group LLC, and Keefe, Bruyette & Woods acted as both initial purchasers and placement agents.

“We want to welcome our new partners in JMP Group and thank them for their strong show of support with the successful completion of the offering,” said Joseph A. Jolson, Founder and Chief Executive Officer of JMP Group and Chief Executive Officer of JMP Asset Management.

“JMP’s full-service investment banking and asset management businesses have experienced tremendous growth since inception and we believe that the new capital will help support our future growth initiatives,” said Craig R. Johnson, President of JMP Securities.

About JMP Group LLC
Established in 1999, JMP Group LLC is a full-service, privately held investment banking and asset management firm focused on providing (1) proprietary equity research, equity sales, trading and other services to institutional investors active in growth and middle-market companies within five target industries – business services, consumer, financial services, healthcare and technology; (2) corporate finance and strategic advisory services to growth and middle-market companies within those five target industries; and (3) asset management products and services to institutional and high net worth investors through our family of hedge funds. Headquartered in San Francisco, JMP Group also has offices in New York and Chicago. For more information, visit www.jmpsecurities.com.

JMP Securities LLC is a full-service investment bank providing equity research, institutional brokerage and investment banking services to public and private growth companies and their investors. Headquartered in San Francisco, JMP Securities serves five industries that exhibit above-average long-term growth characteristics: Technology, Healthcare, Consumer, Financial Services and Business Services. For more information, visit www.jmpsecurities.com.

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