American Capital Appoints John M. Scheurer Managing Director and Chief Investment Officer of Commercial Real Estate Group

BETHESDA, Md., March 3, 2015 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company") announced today that John M. Scheurer joined the Company on March 1, 2015, as Managing Director and Chief Investment Officer in the Commercial Real Estate Group.  Mr. Scheurer will be responsible for developing a commercial real estate platform, alongside American Capital Managing Director Doug Cooper and the existing Commercial Real Estate Group.  American Capital may fund its commercial real estate investments by incubating a commercial mortgage real estate investment trust, which it would manage.

"We have known John for many years, and he brings over 35 years of experience in underwriting, lending and creating innovative structures for commercial real estate in a public company environment to American Capital," said John Erickson, American Capital Chief Financial Officer and President, Structured Finance.  "In fact, hiring John reunites him with Doug Cooper, having both worked at Allied Capital Corporation.  While there, they built a commercial real estate platform that invested over $1.8 billion and generated an IRR in excess of 20% from 1999 to 2005.  John is a skilled manager, business builder and problem solver with the proven ability to lead and build consensus.  We are extremely pleased that he is joining our team."   

Prior to joining American Capital, Mr. Scheurer held key leadership positions at Allied Capital Corporation, a former business development company, from 1991 to 2010.  He was President and CEO of Allied Capital from 2009 to 2010, where he oversaw restructuring of its debt, sales of assets, reductions in expenses and the successful sale of the company in 2010.  While at Allied Capital, Mr. Scheurer also held positions as Managing Director, Management Committee Member, Investment Committee Member and Head of Commercial Real Estate Investments and was a director of a variety of portfolio companies.  From 1993 to 1997, Mr. Scheurer served as President, Portfolio Manager and COO of Allied Capital Commercial Corporation, a publicly traded mortgage REIT, which was merged into Allied Capital in 1997.  In this role, he oversaw the purchase and origination of commercial real estate loans and built a commercial real estate platform that invested in, managed and worked out commercial real estate CMBS bonds as well as other commercial real estate debt.  Additionally, Mr. Scheurer was President of Business Mortgage Investors, Inc., a private REIT that co-invested with Allied Capital Commercial.

ABOUT AMERICAN CAPITAL

American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager.  American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products.  American Capital manages $22 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $86 billion of total assets under management (including levered assets).  Through a wholly owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of total net book value.   From its eight offices in the U.S., Europe and Asia, American Capital and its wholly owned affiliate, European Capital, will consider investment opportunities from $10 million to $600 million.  For further information, please refer to www.AmericanCapital.com.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking information and statements.  Forward-looking statements give our current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business.  You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts.  These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "confident," "may," "should," "can have," "likely," "future" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.  Forward looking statements are not guarantees of performance or results, and involve known and unknown risks, uncertainties (some of which are beyond the Company's control), assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.  Should one or more of these risks or uncertainties materialize, the Company's actual results may vary in material respects from those projected in any forward-looking statements.  A detailed discussion of these and other factors that may affect future results is contained in our filings with the U.S. Securities and Exchange Commission.  Any forward-looking statement made by the Company in this press release speaks only as of the date on which it is made.  The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
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SOURCE American Capital, Ltd.

Related Links

http://www.americancapital.com