Managing Director to Enhance JMP Securities’ Retail Distribution Capabilities

JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Randy Billhardt has joined JMP Securities as a managing director in the firm’s equity capital markets division. Based in JMP Securities’ New York office, Mr. Billhardt will focus on enhancing the firm’s retail distribution capabilities.

“Randy has more than two decades of experience in the capital markets, and over those years he cultivated relationships with a vast number of corporate issuers, equity investors and Wall Street counterparties,” said Tom Wright, director of equities at JMP Securities. “At JMP, Randy will leverage his longstanding relationships with many retail-oriented broker-dealers to extend and improve the network of retail investors available to JMP when placing securities offerings.”

“Randy’s addition will quickly benefit JMP’s corporate clients who turn to us for underwriting services, granting them further access to a large and important segment of the market with ample demand for new issues,” said Kent Ledbetter, JMP Securities’ director of investment banking. “By aligning itself with a broader selection of retail brokerages, JMP will reach an even deeper pool of buyers for the IPOs and follow-on offerings it underwrites.”

Prior to joining JMP Securities, Mr. Billhardt was executive managing director and head of capital markets at MLV & Co. and a member of that firm’s executive and operating committees. He previously held various institutional trading roles at PaineWebber and its successor, UBS, where he served as head of cash equities trading. Mr. Billhardt holds an MBA from the Amos Tuck School at Dartmouth College and a BA from Denison University.

Founded in 2000, JMP Securities is a full-service, middle-market investment bank with a focus on four broad sectors of the economy: technology, healthcare, financial services and real estate. In 2014, JMP Securities executed 161 capital raising and strategic advisory transactions with an aggregate value of $29.3 billion, including 39 IPOs; in 2015 to date, the firm has completed 64 transactions with a total value of $10.4 billion, including 11 IPOs.

About JMP Group

JMP Group LLC is an investment banking and asset management firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP Securities; its hedge fund and other investment activities though Harvest Capital Strategies; the underwriting and management of investments in senior secured debt through JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company that finances small and midsized businesses, through HCAP Advisors. For more information, visit www.jmpg.com.

Investor Relations ContactJMP Group LLCAndrew Palmer, 415-835-8978apalmer@jmpg.comorMedia Relations ContactsDukas Public RelationsSeth Linden, 212-704-7385seth@dukaspr.comZach Leibowitz, 212-704-7385zach@dukaspr.com

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