American Capital Raises Second Private Equity Fund

Oct 30 2007 | 4:21pm ET

Publicly-traded private equity firm American Capital Strategies has raised its second fund. The $585 million American Capital Equity II includes new investors such as AIG Investments, the asset management arm of American International Group, Landmark Partners, Paul Capital Partners, Lehman Brothers Secondary Opportunities Fund and SVG Advisers.

“We are very pleased to team up with six of the finest private equity fund investors in the world,” said Malon Wilkus, CEO of Bethesda, Md.-based AmCap, which manages $17 billion. “This transaction increases the assets under management of American Capital affiliates by 10% to a total of 31% of our total managed assets and will contribute to our growing asset management revenue.”

American Capital Equity II is buying 17% of the firm’s equity investments in 80 portfolio companies, for an aggregate cash purchase price of $488 million. The remaining $97 million committed to American Capital Equity II will be used to fund follow-on investments for the 80 portfolio companies. 

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