Albany, New York (PRWEB) August 06, 2013
Halliday Financial Group, an investment advisory and capital markets firm headquartered in New York State’s capital, has launched an Investment Banking division and has created Halliday Tech Valley Capital LLC, an investment fund focused on serving growth-stage companies in the Capital Region and the “Tech Valley” of New York State.
“It is no secret that our Tech Valley is recognized across the country and around the world as a vibrant ecosystem for leading-edge companies,” said Andrew Halliday, President of Halliday Financial. “Major universities, corporations, research centers and investors are collaborating in the region with leading technology companies to create a unique innovation hub. You can now add Halliday Financial Group to the list of key players supporting business successes in the region.”
Yoav Millet, an experienced technology investment banker and private equity investor, has been appointed to lead the Investment Bank and manage Halliday’s new Tech Valley Capital investment fund.
“Tech Valley companies and their financial partners will benefit from additional dedicated capital and local financial advisory expertise to support continued growth,” Millet said. “A significant number of companies in the region require follow-on financing. For many established companies, there is a need for an efficient capital source to fund business expansion acquisitions, shareholder liquidity, and other strategic corporate initiatives. There is an exciting opportunity to provide expertise combined with dedicated financial resources and partner with others working to foster the development of this region.”
“We are looking to join with industry leaders by partnering with the exceptional entrepreneurs, management teams, banks, and investors who are growing them. Halliday Financial will provide a local, dedicated presence that can offer this vibrant and growing market additional financial resources and related services that are required to take development to the next stage,” Millet said.
“Halliday Financial’s Investment Banking group will bring important resources to the Tech Valley that are needed by the institutions, banks, and investors currently supporting our entrepreneurs and their companies,” said Mr. Robert Blackman, the Chairman of The Center for Economic Growth (CEG.) “In addition to growth capital, Halliday Financial Investment Banking can provide insight and expertise to convert an organization’s potential into commercial success. It is a powerful combination. This is a great step that a highly resourced and locally owned investment bank has officially put a stake in the ground here in Tech Valley.”
The Halliday Financial Investment Banking division is expected to offer a broad range of investment banking and advisory services in the near future.
Scott Solomon, CEO of Halliday Financial, said that the launch of the new division is part of the firm’s strategic expansion plan: “We see a great opportunity to expand in the Capital Region and Tech Valley. There is a need for a comprehensive, independent financial advisor that can serve individuals, companies and institutions in this area. Halliday Financial is positioned to be a strong and impactful part of the region’s success.”
Al Bellenchia or Matt Cannon