American Capital Announces Launch of American Capital Infrastructure,
Appointment of Paul Hanrahan as Its CEO
BETHESDA, Md., Oct. 31, 2012
BETHESDA, Md., Oct. 31, 2012 /PRNewswire/ --American Capital Ltd. (Nasdaq:
ACAS) ("American Capital" or the "Company") announced today the expansion of
its investment management activities into the energy infrastructure sector
with the formation of American Capital Infrastructure. American Capital
Infrastructure will be led by Paul Hanrahan, CEO.
American Capital Infrastructure plans to manage investments in global energy
infrastructure assets, including power generation facilities, power
distribution and transmission networks, energy transportation assets and fuel
production opportunities. Joining Mr.Hanrahan are Rich Santoroski, Managing
Director, and Rajeev Garside, Vice President. The creation of American
Capital Infrastructure will expand American Capital's energy investing efforts
globally. To date, American Capital has invested $606 million in domestic
mid-market oil field services and related companies led by Kevin Kuykendall
out of its Dallas, TX office. These investments have produced excellent
returns for American Capital shareholders.
"I am very pleased to join and head American Capital Infrastructure," said Mr.
Hanrahan. "Worldwide energy consumption is expected to increase substantially
by 2030 and significant investment in energy infrastructure is required to
satisfy this demand. This demand is driven by emerging markets experiencing
robust economic growth, a rapid expansion of middle class populations and
limited existing energy infrastructure. All of these factors create
significant investment opportunities for American Capital Infrastructure and I
am delighted that our team can lead American Capital into these targeted
"We are delighted to welcome Paul, Rich and Rajeev, leading industry
professionals with extensive experience in the global energy industry, to head
American Capital Infrastructure," said Malon Wilkus, American Capital Chairman
and Chief Executive Officer. "The team's background as both investors in and
operators of energy infrastructure assets in high-growth and developed markets
make them uniquely qualified to lead American Capital's initiative into energy
infrastructure investments. The team's track record of managing and investing
in energy infrastructure assets across the energy value chain during multiple
stages of development is a tremendous advantage for the future development of
American Capital Infrastructure."
American Capital Infrastructure is part of American Capital's asset management
affiliate, American Capital, LLC. American Capital, LLC is dedicated to
creating, capitalizing and managing alternative investment funds across asset
classes, including real estate, private equity and private finance. American
Capital has committed $200 million to support American Capital Infrastructure
"The launch of American Capital Infrastructure is an important milestone for
American Capital, LLC," noted John Erickson, American Capital's Chief
Financial Officer. "We've already achieved significant success building
American Capital's asset management platform. We believe the addition of Paul
Hanrahan and his team gives us the capability to continue this success."
Mr. Hanrahan joins American Capital after serving as the President and CEO of
The AES Corporation (NYSE: AES) ("AES"), a Fortune 150 global power company,
from 2002 through 2011. Under his leadership, AES generated total returns for
stockholders over three times that of the S&P 500. Prior to assuming the CEO
position at AES, Mr.Hanrahan was COO and Executive Vice President of AES and
President and CEO of AES China Generating Co.,Ltd. During his tenure at AES,
Mr. Hanrahan was responsible for establishing operations in Europe, Asia,
Latin America and the United States. He was directly involved in multiple
acquisitions, expansions, and greenfield development of energy and natural
resource businesses around the world ranging in size up to several billion
dollars of enterprise value. Mr. Hanrahan currently serves on the boards of
Arch Coal, Ingredion, Great Point Energy, LLC, and AquaVentures Holdings,
Mr. Santoroski joins American Capital after holding several senior roles at
AES including Executive Vice President, Chief Risk Officer, and Co-Head of
Global Development. Mr. Santoroski oversaw commercial strategy development
for AES' global platform and co-managed AES' development efforts with specific
focus on Asia and global M&A. In addition, Mr. Santoroski served on the AES
Executive Committee, where he actively participated in key decisions of the
company, including providing corporate level approval and oversight of
strategic and investment decisions. Prior to joining AES, Mr. Santoroski
worked for several years at New York State Electric and Gas as an engineer and
Mr. Garside joins American Capital after serving as an Operating Partner of
Potomac Energy Fund, a private equity firm focused on growth capital for the
energy and natural resource markets, where he led and managed portfolio
company investments. Mr. Garside previously served as Vice President, Special
Projects and Managing Director, New Business Development and mergers and
acquisitions at AES. During his time at AES, he focused on critical corporate
initiatives including capital restructuring, international growth strategy,
operations, overall corporate cost structure and organization. Prior to
joining AES, Mr. Garside held a number of senior roles at private equity firms
where he focused on leveraged buyouts, growth equity and venture investments
ABOUT AMERICAN CAPITAL INFRASTRUCTURE
American Capital Infrastructure will manage investments in global energy
infrastructure assets, including power generation facilities, power
distribution and transmission networks, energy transportation assets, and fuel
ABOUT AMERICAN CAPITAL
American Capital is a publicly traded private equity firm and global asset
manager. American Capital, both directly and through its asset management
business, originates, underwrites and manages investments in middle market
private equity, leveraged finance, real estate and structured products.
American Capital manages $18.6 billion of assets, including assets on its
balance sheet and fee earning assets under management by affiliated managers,
with $118 billion of total assets under management (including levered
assets). From its seven offices in the U.S. and Europe, American Capital and
its affiliate, European Capital, will consider investment opportunities from
$10 million to $500 million. For further information, please refer to
This press release contains forward-looking information and statements.
Forward-looking statements give our current expectations and projections
relating to the Company's financial condition, results of operations, plans,
objectives, future performance and business. You can identify forward-looking
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similar meaning in connection with any discussion of the timing or nature of
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actual results may vary in material respects from those projected in any
forward-looking statements. A detailed discussion of these and other factors
that may affect future results is contained in our filings with the U.S.
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whether as a result of new information, future developments or otherwise,
except as may be required by law.
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SOURCE American Capital Ltd.
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