Our Firm

Building the most trusted global investment bank

Piper Jaffray Companies
Corporate Snapshot

Founded: 1895
Employees: Approx. 1,000
Headquarters: Minneapolis, Minn.
2009 Q3 net revenue: $119.7 million
Total stockholders’ equity: $781.8 million
Stock symbol: PJC

As of quarter-end, Q3 2009. Net revenues provided are from continuing operations.

Piper Jaffray is a leading international middle market investment firm serving the needs of corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, the firm is headquartered in Minneapolis with offices across the U.S. and in Hong Kong, London and Shanghai.

We operate through three principal business lines—investment banking, institutional securities and asset management—offering a full suite of products to serve our clients' business lifecycle needs, geographic reach in an increasingly global market, and deep expertise in our core middle market sectors:

Investment banking

Our investment bankers offer corporate clients advisory and financial services including equity, debt and convertible underwriting; mergers and acquisitions; financial restructuring and private placements. We also offer our corporate clients specialized capability in private investment in public equity (PIPEs) and registered directs (RDs).

Our public finance investment bankers issue taxable and tax-exempt debt for a wide variety of government and non-profit clients. We also assist borrowers and lenders in accessing capital by sourcing loans for clients.

Institutional brokerage

Our institutional equity sales and trading team facilitates public offerings in our core middle market sectors and provides dedicated aftermarket support. In addition to being the No. 1 or No. 2 trader for 100 percent of our 2008 IPO clients,1 we are a market maker and/or transact in more than 2,300 NASDAQ and NYSE-listed securities. We offer traditional, algorithmic and program trading, as well as commission services agreements for those clients who use third-party services. Our corporate and venture services team provides private equity and venture capital firms as well as individuals with equity trading and corporate cash management advice, assisting clients in identifying portfolio objectives, understanding their liquidity needs and developing investment policies.

Our award-winning research analysts2 support our trading clients by providing in-depth industry research on more than 600 primarily mid-cap companies in our focus sectors. In 2008, Piper Jaffray ranked No. 4 among middle market investment banks in research coverage in our established sectors.3

Our public finance sales and trading professionals provide a variety of taxable and tax-exempt products, including municipal bonds, taxable debt, and interest-rate derivative and hedging products.

Asset management

Fiduciary Asset Management (FAMCO), a Piper Jaffray subsidiary, serves our clients through separately managed accounts and closed-end funds. FAMCO offers four core product strategies: flex core equities, quantitative enhanced equities, master limited partnerships, fixed income, and balanced.

Our alternative investment management capabilities include Piper Jaffray Private Capital, which regularly offers funds of funds in venture capital, leveraged buyout and clean technology (alternative energy, water and advanced material) investments.

Commitment to the communities where we do business is a cornerstone of Piper Jaffray

Since our inception, we’ve kept our company solidly rooted in our time-tested core values of leadership and partnership. We are committed to contributing 5 percent of our pretax earnings to the community through the Piper Jaffray foundation as well as corporate giving, sponsorships and volunteerism.

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1 Source: Dealogic and Autex Blockdata
2 Source: Wall Street Journal "Best on the Street Analyst Survey" 2008 and 2008 FT/StarMine Global Analyst Awards
3 Source: Bloomberg, CapitalIQ, Bigdough, company Web sites and Piper Jaffray equity capital markets. Includes only non-U.S.-listed companies in the consumer, financials, health care, industrials and information technology sectors.

PIPER JAFFRAY HEADQUARTERS ARE LOCATED IN MINNEAPOLIS, MINNESOTA, WITH OFFICES ACROSS THE U.S. AND IN LONDON, HONG KONG AND SHANGHAI

Piper Jaffray Companies (NYSE: PJC) is a leading, international middle market investment bank and institutional securities firm. Securities brokerage and investment banking services are offered in the United States through Piper Jaffray & Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd, authorised and regulated by the Financial Services Authority; and in Hong Kong through Piper Jaffray Asia Limited, Piper Jaffray Asia Securities Limited, and Piper Jaffray Asia Futures Limited, all of which are registered with the Hong Kong Securities and Futures Commission. Asset management products and services are offered through three separate investment advisory affiliates registered with the U.S. Securities and Exchange Commission: Fiduciary Asset Management, LLC; Piper Jaffray Investment Management LLC; and Piper Jaffray Private Capital, LLC.

© 2009 Piper Jaffray Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7020.