BETHESDA, Md., Nov. 19, 2015 /PRNewswire/ -- American
Capital, Ltd. (Nasdaq: ACAS) announced today that its Board of
Directors has voted to increase the size of the Board to ten and
has elected David G. Richards to the
newly created position effective immediately. He will become
a member of the Board's Executive Committee and its Audit,
Compliance and Valuation Committee.
"We are very pleased to welcome Dave
Richards to the American Capital board and look forward to
his perspectives," said Malon
Wilkus, American Capital Chairman and Chief Executive
Officer. "His deep knowledge of investment and fund
management companies and his extensive experience investing in the
financial services sector sets the stage for him to make important
contributions to the company."
Until earlier this month, Mr. Richards, 43, was a Portfolio
Manager with Pine River Capital Management, a global alternative
asset management firm, where he focused on investments in the
financial sector. Prior to joining Pine River in 2011, he was
an analyst with Goldentree Asset Management. Earlier in his
career, Mr. Richards held analyst positions with Citadel Investment
Group, Raymond James &
Associates and SunTrust Bank. Mr. Richards received an MBA
from Emory University and a BS in
Biology from Providence College.
"I am very pleased to have the opportunity to become a part of
American Capital," said Mr. Richards. "As a leading
alternative asset manager with a diverse set of funds under
management, American Capital has a bright future. I look
forward to being a member of the Board as it works to promote the
interests of the company's shareholders and create shareholder
value."
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 $23 billion
of assets, including assets on its balance sheet and fee earning
assets under management by affiliated managers, with $80 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 $10 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.
Contact:
Media Relations (301) 968-9400
Investor Relations (301) 951-5917
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SOURCE American Capital, Ltd.