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Dutchess provides USD210m in equity line financings in Q3

Funds managed by Dutchess Capital have consummated USD210m in equity line facilities through the third quarter of 2010.

The financing transactions were completed with publicly traded companies listed in the US, Canada, UK and Australia.
Michael A. Novielli, Dutchess co-founder and managing partner, says: “We’ve been a market leader in ELF financings for over ten years having structured USD2bn in global transactions. Over the past decade we’ve seen the ELF grow in stature from relative obscurity due to the success that companies have had raising capital utilising this structure.

“Given the lingering effects of the global recession, traditional financing alternatives have been extremely limited, a trend we expect will continue for some time into the foreseeable future. The ELF is a quick, efficient and inexpensive method for any size company to raise capital in any type of market.”
Dutchess Capital is the investment manager for several funds which provide equity financings for growth-stage and mature public companies.

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