Cowen Wins Capital Raise of the Year at 4th Annual ACG New York Champion’s Awards

Top Honors in $100 Million+ Category

NEW YORK–(BUSINESS WIRE)–Jun. 24, 2014–
Cowen Group, Inc. (“Cowen”) (NASDAQ:COWN) today announced that ACG New
York and The M&A Advisor named Cowen and Company as the winner of
Capital Raise (Equity or Debt) of the Year ($100 million+ category) at
the 4^th Annual ACG New York Champion’s Awards. The ACG New
York Champion’s Awards honor the achievements of outstanding dealmakers
driving middle market growth.

“This award symbolizes Cowen’s ability to provide clients with high
quality financing solutions across the entire capital structure that
support their growth strategies,” said Kevin Raidy, Cowen’s Head of
Investment Banking. “Cowen’s deep industry knowledge and product
expertise enable our investment banking and capital markets
professionals to deliver differentiated advice and unmatched execution.
I am proud to have our efforts recognized with a distinguished award
such as Capital Raise of the Year.”

Selected from over 350 nominees, this award is in recognition of Cowen’s
role as sole placement agent for Highwinds Network Groups’ Secured
Credit Facility.

Cowen’s debt expertise encompasses every type of debt, from ABLs, Senior
Secured, Uni-tranche, 2^nd Lien Loans and High Yield Bonds.
Since 2012, Cowen has raised in excess of $7.5 billion in debt capital
for clients, making Cowen a top placement agent for middle market debt
financings.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together
with its consolidated subsidiaries, provides alternative asset
management, investment banking, research, and sales and trading services
through its two business segments: Ramius and its affiliates make up the
Company’s alternative investment segment, while Cowen and Company and
its affiliates make up the Company’s broker-dealer segment. Ramius
provides alternative asset management solutions to a global client base
and manages a significant portion of Cowen’s proprietary capital. Cowen
and Company and its affiliates offer industry focused investment banking
for growth-oriented companies, domain knowledge-driven research and a
sales and trading platform for institutional investors. Founded in 1918,
the firm is headquartered in New York and has offices worldwide.

Source: Cowen Group, Inc.

Media:
Sard Verbinnen & Co
Dan Gagnier/Carissa
Felger, 212-687-8080