Piper Jaffray Companies provides investment banking services, institutional sales, trading and research services, and asset management services worldwide. The company primarily raises capital through equity and debt financings for its middle-market clients operating in various industries, including the alternative energy, business services, consumer, financial institutions, health care, industrial growth, and technology. It also provides financial advisory services relating to mergers and acquisitions; underwrites debt issuances; and offers financial advisory and interest rate risk management services for government and non profit clients. In addition, the company’s public finance investment banking capabilities focus on state and local governments, healthcare, higher education, housing, hospitality, and commercial real estate industries. Further, Piper Jaffray Companies offers both equity and fixed income advisory and trade execution services for public and private corporations, public entities, non profit clients, and institutional investors; has equity sales and trading relationships with institutional investors in the United States, Europe, and Asia; and engages in proprietary trading. Additionally, it provides asset management services; offers an array of investment products; and invests in private equity and venture capital funds. The company was founded in 1895 and is headquartered in Minneapolis, Minnesota.