BETHESDA, Md., March 3, 2015 /PRNewswire/ -- American
Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company")
announced today that John M.
Scheurer joined the Company on March
1, 2015, as Managing Director and Chief Investment Officer
in the Commercial Real Estate Group. Mr. Scheurer will be
responsible for developing a commercial real estate platform,
alongside American Capital Managing Director Doug Cooper and the existing Commercial Real
Estate Group. American Capital may fund its commercial real
estate investments by incubating a commercial mortgage real estate
investment trust, which it would manage.
"We have known John for many years, and he brings over 35 years
of experience in underwriting, lending and creating innovative
structures for commercial real estate in a public company
environment to American Capital," said John
Erickson, American Capital Chief Financial Officer and
President, Structured Finance. "In fact, hiring John reunites
him with Doug Cooper, having both
worked at Allied Capital Corporation. While there, they built
a commercial real estate platform that invested over $1.8 billion and generated an IRR in excess of
20% from 1999 to 2005. John is a skilled manager, business
builder and problem solver with the proven ability to lead and
build consensus. We are extremely pleased that he is joining
our team."
Prior to joining American Capital, Mr. Scheurer held key
leadership positions at Allied Capital Corporation, a former
business development company, from 1991 to 2010. He was
President and CEO of Allied Capital from 2009 to 2010, where he
oversaw restructuring of its debt, sales of assets, reductions in
expenses and the successful sale of the company in 2010.
While at Allied Capital, Mr. Scheurer also held positions as
Managing Director, Management Committee Member, Investment
Committee Member and Head of Commercial Real Estate Investments and
was a director of a variety of portfolio companies. From 1993
to 1997, Mr. Scheurer served as President, Portfolio Manager and
COO of Allied Capital Commercial Corporation, a publicly traded
mortgage REIT, which was merged into Allied Capital in 1997.
In this role, he oversaw the purchase and origination of commercial
real estate loans and built a commercial real estate platform that
invested in, managed and worked out commercial real estate CMBS
bonds as well as other commercial real estate debt.
Additionally, Mr. Scheurer was President of Business Mortgage
Investors, Inc., a private REIT that co-invested with Allied
Capital Commercial.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) 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, energy &
infrastructure and structured products. American Capital
manages $22 billion of assets,
including assets on its balance sheet and fee earning assets under
management by affiliated managers, with $86
billion of total assets under management (including levered
assets). Through a wholly owned affiliate, American Capital
manages publicly traded American Capital Agency Corp. (Nasdaq:
AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE)
and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with
approximately $11 billion of total
net book value. From its eight offices in the U.S.,
Europe and Asia, American Capital and its wholly owned
affiliate, European Capital, will consider investment opportunities
from $10 million to $600
million. For further information, please refer to
www.AmericanCapital.com.
FORWARD LOOKING STATEMENTS
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
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include
words such as "anticipate," "estimate," "expect," "project,"
"plan," "intend," "believe," "confident," "may," "should," "can
have," "likely," "future" and other words and terms of similar
meaning in connection with any discussion of the timing or nature
of future operating or financial performance or other events.
Forward looking statements are not guarantees of performance or
results, and involve known and unknown risks, uncertainties (some
of which are beyond the Company's control), assumptions and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Should one or more of these risks or
uncertainties materialize, the Company's 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. Securities and Exchange Commission. Any forward-looking
statement made by the Company in this press release speaks only as
of the date on which it is made. The Company undertakes no
obligation to update any forward-looking statement, whether as a
result of new information, future developments or otherwise, except
as may be required by law.
Contact:
Media (301) 968-9400
Investor Relations (301) 951-5917
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SOURCE American Capital, Ltd.