Hedge Crunch Financial

Long Island is experiencing the same private equity boom which is influencing business takeovers as the rest of the country as other sources of capital dry up and companies continue to go, or consider going, private. As hedge funds look for investment opportunities in private industry, Long Island investment firms are ready to play their role.

The President of Northwood Ventures, based in Syosset, Long Island, Peter Schiff,  said the private equity boom is being keenly felt on Long Island.

“Overall, the private equity market is very active,” Schiff said. “Our marketplace is very active. We’re working with smaller companies.”

Corey Ribotsky, head portfolio manager of the NIR Group, of Roslyn, New York is also involved in the excitement. Having over ten years of experience in these types of investments makes the NIR Group especially well positioned to benefit from the current economic reality.

As companies go private they are not only in need of investment forms to ease the way. Law firms and accounting firms are also benefiting from the trend, and many Long Island firms are participating.

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Tags: Corey Ribotsky, hedge fund, NIR Group, Roslyn New York

This entry was posted on Thursday, May 14th, 2009 at 4:37 am and is filed under Corey Ribotsky, NIR Group LLC., Roslyn New York. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.