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Private Equity
lrgcap.com

Investments

170

Portfolio Exits

90

About LRG Capital Group

LRG Capital Group provides capital via private equity investments, commercial loans and structured debt financing, and advises clients on mergers and aquisitions, corporate finance advice and other strategic alternatives.

Headquarters Location

80 E. Sir Francis Drake Blvd.

Larkspur, California, 94939,

United States

415-834-4600

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Latest LRG Capital Group News

BayStar Capital III Investment Fund, L.P. Invests in VirtualScopics, a Premier Provider of Next Generation Imaging Solutions to the Biotechnology and Pharmaceutical Industries

Mar 29, 2016

Invests in VirtualScopics, a Premier Provider of Next Generation Imaging Solutions to the Biotechnology and Pharmaceutical Industries September 17, 2007 12:57 PM Eastern Daylight Time LARKSPUR, Calif.--( BUSINESS WIRE )--LRG Capital Group, LLC (“LRG”), a global merchant bank and manager of BayStar Capital III (“BayStar”), announced today that it has invested in VirtualScopics (Nasdaq:VSCP), a premier provider of quantitative image-based solutions for clinical trials. Roswell Capital Partners, LLC and Gemini Strategies, LLC were co-investors in the transaction. The structure is convertible preferred equity, designed to provide growth capital to help the company expand its business. Existing investors in VirtualScopics include Pfizer, Inc., GE Healthcare, and the University of Rochester. “VirtualScopics has developed state-of-the-art software which is a leap over legacy imaging solutions for clinical trials,” said Lawrence ‘Larry’ Goldfarb, CEO of LRG Capital Group and Portfolio Manager of the BayStar Funds. “Ten of the top fifteen pharmaceutical and biotechnology companies are turning to VirtualScopics to reduce the costs and time required to conduct clinical trials. We’re excited to partner with the company to help it grow its marketing and sales efforts.” VirtualScopics is the leading developer of image-related biomarkers as well as the premier provider of innovative imaging solutions utilizing biomarkers for pharmaceutical development, clinical trials, and medical device development. The company provides services to the pharmaceutical, biotechnology, and medical device industries for oncology, rheumatoid arthritis, osteoarthritis, neurology, and cardiovascular studies. Jeff Markin, CEO of VirtualScopics, stated that the investment would allow the company to accelerate its growth along the clinical trial value chain. “The investment by LRG Capital Group and BayStar Capital III, alongside its co-investors, will allow us to expand our services and reach to leading pharmaceutical and biotechnology companies,” he said. “We plan to expand our sales force both domestically and globally, as well as continue to grow our relationships with our existing clients and strategic partners.” About LRG Capital Group, LLC LRG Capital Group, LLC ( www.lrgcapital.com ) is a global merchant bank that specializes in making investments in and providing financial advisory services to publicly traded and private companies. With offices in San Francisco and New York, the firm represents companies on equity and debt placements, restructurings, recapitalizations, management buyouts and other strategic alternatives. LRG Capital Group is also the investment manager for the BayStar Capital III Investment Fund, L.P., which makes direct investments in public and private companies using a wide range of structured debt and preferred securities convertible or exchangeable into a company's underlying equity. BayStar Capital III combines successful equity investing expertise with proven structured debt strategies. Additionally, LRG Capital Group invests in and owns various entertainment interests and U.S. and non-U.S. real estate assets, including derivative interests in real estate securities and real estate development projects and properties. About VirtualScopics, Inc. VirtualScopics, Inc. is a provider of advanced medical image analysis services. The company evolved from research first carried out at the University of Rochester Medical Center and School of Engineering. VirtualScopics has created a suite of image analysis tools used in detecting and analyzing specific structures in volumetric medical images, as well as characterizing minute changes in structures over time, providing vital information to support clinical trials and diagnostic applications. The firm’s proprietary software algorithms can assemble hundreds of separate medical images taken during an MRI session into a single, three-dimensional model, bringing a new and previously unobtainable source of data to clinical researchers. For more information about VirtualScopics, visit www.virtualscopics.com . Contacts

LRG Capital Group Investments

170 Investments

LRG Capital Group has made 170 investments. Their latest investment was in OM Records as part of their Private Equity - III on October 10, 2008.

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LRG Capital Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/9/2008

Private Equity - III

OM Records

No

9/18/2007

PIPE

VirtualScopics

$4.35M

Yes

3

9/12/2007

Private Equity - II

OM Records

No

8/22/2007

Series E - II

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$99M

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0

7/12/2007

Private Equity

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0

Date

10/9/2008

9/18/2007

9/12/2007

8/22/2007

7/12/2007

Round

Private Equity - III

PIPE

Private Equity - II

Series E - II

Private Equity

Company

OM Records

VirtualScopics

OM Records

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Amount

$4.35M

$99M

New?

No

Yes

No

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Co-Investors

Sources

3

0

0

LRG Capital Group Portfolio Exits

90 Portfolio Exits

LRG Capital Group has 90 portfolio exits. Their latest portfolio exit was NTN Buzztime on March 25, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/25/2021

Reverse Merger

$99M

2

11/16/2020

Acq - P2P

$99M

3

11/25/2019

Acq - P2P

$99M

5

11/15/2017

Acq - P2P

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$99M

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10

6/24/2017

Acq - P2P

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$99M

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10

Date

3/25/2021

11/16/2020

11/25/2019

11/15/2017

6/24/2017

Exit

Reverse Merger

Acq - P2P

Acq - P2P

Acq - P2P

Acq - P2P

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

3

5

10

10

LRG Capital Group Team

3 Team Members

LRG Capital Group has 3 team members, including current Managing Partner, Lawrence R. Goldfarb.

Name

Work History

Title

Status

Lawrence R. Goldfarb

Managing Partner

Current

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Name

Lawrence R. Goldfarb

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Work History

Title

Managing Partner

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Status

Current

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