Who Invests in Structured Equity Financings?
Institutional investors are actively investing in privately placed equity, Convertible Preferred securities and Equity Lines of Credit. In 2001, there were over 900 private placements for public companies, raising $12.4 billion. Of private placements in amounts below $50 million, approximately $7 billion was raised in 2001. Recent private placement financings have been done for the following companies: On Command Corp. raised $60 million, International Fibercom raised $10 million, Medix Resources raised $10 million iBeam Broadcasting raised $30 million, and Biopure raised $75 million.
