ACap Hires New Managing Director

Aug 17 2007 | 11:47am ET

Publicly traded buyout shop American Capital Strategies has hired Joel Houck as a senior vice president and managing director. In his new position, Houck will be responsible for developing a new closed-end fund, which would be managed by an affiliate of American Capital.

Houck joins American Capital from Wachovia Capital Markets where he served as a senior equity analyst and covered specialty finance since 2002.

“Joel has been following American Capital for the past seven years at both Wachovia and A.G. Edwards and his profound knowledge of our organization and operations coupled with his expertise in specialty finance and commercial banking make him the ideal candidate to develop a new fund,” said Malon Wilkus, ACap’s CEO.

American Capital is a member of the S&P 500 and manages some $16 billion in total assets.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note