David Anderson

Palo Alto Investors LLC (PAI) is a registered investment advisor and hedge fund manager headquartered in Palo Alto, California. The firm was founded by William L. Edwards in 1989 as Palo Alto Investors LLC and converted into a California limited partnership in 2018. They are a subsidiary of PAI LLC. PAI serves as the investment adviser to private pooled investment vehicles, the securities of which are offered to investors on a private placement basis.

Part of NYPPEX Holdings LLC, Offroad Capital Corp. operates an online securities marketplace. The private company is based in San Francisco, CA. The company was founded by Denise M. Thomas. Offroad Capital was acquired by New York Private Placement Network LLC on October 12, 2001.

Headquartered in Charlotte, North Carolina, Banc of America Securities (BAS) is the investment banking subsidiary of Bank of America Corp (NYSE: BAC). The firm provides both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. They provide high-yield debt underwriting and leveraged finance, in addition to industry coverage groups such as healthcare, media and telecom, financial institutions, real estate and gaming. BAS also does a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. Following the strategy of Goldman Sachs, the firm lacks a standalone mergers and acquisitions department, instead employing mergers and acquisitions senior bankers throughout the industry coverage groups. The firm is registered as a broker/dealer with the SEC, is a member of the NYSE, and the NASD. The use of Banc in the BAS's name is indicative of the fact that the company is not a bank, and their deposits and other holdings are not insured by the FDIC.