Daily News: November 1, 2012

American Capital Expands Into Energy Infrastructure Sector


American Capital announced the expansion of its investment management activities into the energy infrastructure sector with the formation of American Capital Infrastructure. American Capital Infrastructure will be led by Paul Hanrahan, CEO.

American Capital Infrastructure plans to manage investments in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks, energy transportation assets and fuel production opportunities.

Joining Hanrahan are Rich Santoroski, managing director, and Rajeev Garside, vice president. The creation of American Capital Infrastructure will expand American Capital’s energy investing efforts globally. To date, American Capital has invested $606 million in domestic mid-market oil field services and related companies led by Kevin Kuykendall out of its Dallas, TX office. These investments have produced excellent returns for American Capital shareholders.

Hanrahan joins American Capital after serving as the president and CEO of The AES Corporation, a Fortune 150 global power company, from 2002 through 2011.

Santoroski joins American Capital after holding several senior roles at AES including executive vice president, chief risk officer, and co-head of Global Development.

Garside joins American Capital after serving as an operating partner of Potomac Energy Fund, a private equity firm focused on growth capital for the energy and natural resource markets, where he led and managed portfolio company investments.

Bethesda, MD-based American Capital is a publicly traded private equity firm and global asset manager that manages $18.6 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $118 billion of total assets under management (including levered assets).