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KGS Alpha Announces Follow-On Investment By HOOPP

NEW YORK, February 10, 2011 – Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market financial services, specialty industrial, and healthcare companies, announced today that its portfolio company KGS-Alpha Capital Markets L.P. has completed a follow-on equity offering in excess of $75 million, bringing KGS-Alpha’s total equity raised to more than $150 million.  The new investment was primarily funded by Healthcare of Ontario Pension Plan (“HOOPP”), one of the largest and most respected pension plans in Canada with over $30 billion in net assets.

Arsenal Capital Partners, who led the initial equity investment into KGS-Alpha in August 2010, increased their investment in this round.  Alan Weber, an Operating Partner within Arsenal’s Financial Services Practice and Chairman of the Board of KGS-Alpha, continued, “We are pleased to add HOOPP to the partnership between Arsenal and KGS-Alpha, and believe that this positions the Company to more rapidly take advantage of the market opportunity present to Broker / Dealers in the Fixed Income Marketplace.”  Mr. Weber was formerly CEO of US Trust Co., and Chairman of Citibank International.

KGS-Alpha is focused on delivering mortgage-backed, asset-backed and agency debt securities trading and product structuring services to the institutional market. With an industry-leading team, and a strong balance sheet with more than $150 million of equity capital raised, KGS-Alpha is well positioned to build long-term relationships with customers through value-driven services.

Reza Satchu, a KGS-Alpha Co-Founder and Board Member, said “This transaction is a statement about the impressive success and growing momentum KGS-Alpha has had in its first six months of operations.”  “With the additional capital,” noted President Dan Goldman, “and a growing team of over 50 professionals and offices in New York, Boca Raton, Chicago, and Reston, Virginia, we are building a first class trading and distribution platform to serve the needs of institutional fixed income clients.”
KGS-Alpha CEO Levent Kahraman added, “KGS-Alpha is well positioned to provide outstanding market-making and structuring capabilities. The new investment will allow us to expand our franchise by adding new products and increasing our balance sheet.  It also strengthens our credit standing as a counterparty with our customers and trading partners.”

Carty Chock, a Partner and Co-Head of Arsenal’s Financial Services Practice, and Andy Moysiuk, HOOPP Capital Partners Managing Partner, shared the same sentiment, “We are excited about the opportunity ahead of us, and we look forward to working together to help KGS-Alpha build an industry-leading, relationship-driven franchise and capitalize on a dislocated and fragmented market.” 

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