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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of