Cowen and Company, LLC

Asset Management

Alternative Asset Management

Cowen Capital Partners

Cowen Capital Partners focuses on partnering with management teams to acquire significant equity positions in high quality, growing businesses. The form of investment primarily has been growth leveraged buyouts and also has included growth equity investments in established and emerging middle-market companies.

For additional information on the firm visit www.cowencapitalpartners.com.

Cowen Healthcare Royalty Partners

Cowen Healthcare Royalty Partners is a healthcare private-equity firm with over $500MM under management. The firm invests principally in commercial-stage biopharmaceutical and medical device companies through the purchase of royalty or Synthetic Royalty^SM interests, debt and equity. CHRP invests across multiple therapeutic categories and in companies and products around the globe. The firm is based in Stamford, CT and led by co-founders, Gregory B. Brown, M.D., Todd C. Davis and Clarke B. Futch, seasoned investment professionals who have complementary skills and backgrounds.

For additional information on the firm visit www.cowenroyalty.com.