NEW YORK, Dec. 17, 2013 /PRNewswire/ -- KGS-Alpha Capital Markets, L.P. (KGS-Alpha), a New York-based institutional broker-dealer, is pleased to announce that it has successfully completed a $65 million debt capital raise. Elm Park Capital Management served as lead lender on the deal and Jefferies LLC acted as financial advisor. The addition of debt capital brings KGS-Alpha's capital base to more than $230 million.
"Unsecured debt capital for a three-year-old financial intermediary is very rare. This transaction is a vote of confidence in our business model and the very capable employees of KGS-Alpha who have brought us this far," said co-founder and Chief Executive Officer, Levent Kahraman. "Every dollar of capital at KGS-Alpha is used towards serving our clients and this new add-on capital will be no different."
"In a challenging year for the industry, KGS-Alpha has managed to grow the firm thanks to our broad distribution and deep product specialization," said co-founder and President, Dan Goldman. "This additional capital further strengthens KGS-Alpha and allows us to continue to build our business by expanding our product and service offerings."
KGS-Alpha began operations in August 2010. It previously completed two rounds of equity financing led respectively by Arsenal Capital and Healthcare of Ontario Pension Plan.
About KGS-Alpha Capital Markets, L.P.
KGS-Alpha Capital Markets is a New York-based institutional fixed income broker-dealer. Initially focusing on mortgage-backed, asset-backed, and agency debt securities, KGS has expanded its business lines to include corporate debt as well as broader investment banking services and commercial real estate finance. KGS-Alpha now has a team of more than 170 professionals located in New York, Boston, San Francisco, Boca Raton, Chicago, Reston, Memphis, Phoenix and St. Louis.
SOURCE KGS-Alpha Capital Markets