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From Kirsten Bischoff, Opalesque New York:

PIPE investing is one of the strategies used by Roslyn, New York-based firm NIR Group (www.nirgroup.com ). 2009 marks the 10th anniversary of the firm, which launched its first direct investment fund in 1999. From this point of reference, Managing Member and Head Portfolio Manager, Corey Ribotsky recently spoke with Opalesque about the current environment for PIPE investing (“the best I’ve seen in 15 years of being in this space”), as well as the need for a central representative body for firms active in all aspects of PIPE investing.

Does NIR Group have a “sweet spot” in the current market that it is looking to for PIPE investments? We are really sector agnostic, investing in the spectrum of companies across the whole S&P. Even now we are seeing great opportunities in every industry across the board. We are definitely seeing an uptick in interest in clean-tech (green) company transactions. That is one area we are watching closely because we really believe that those technologies will become the forefront of a new tech boom. So we are keeping a close watch on that sector and taking our time to closely review those deals.

But our sweet spot is really in two different points of investment. We have one focus on small, micro-cap and then we’ve also launched into the mid-cap sector.

Has the cu......................

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