Friday, 22 August 2014
Last updated 57 min ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note