American Capital has expanded its investment management activities into the energy infrastructure sector with the formation of American Capital Infrastructure. American Capital has committed $200 million to support American Capital Infrastructure initiatives.
American Capital Infrastructure will make investments in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks, energy transportation assets and fuel production opportunities. 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.
American Capital Infrastructure will be led by Paul Hanrahan, CEO. “I am very pleased to join and head American Capital Infrastructure,” said Mr. Hanrahan. “Worldwide energy consumption is expected to increase substantially by 2030 and significant investment in energy infrastructure is required to satisfy this demand. This demand is driven by emerging markets experiencing robust economic growth, a rapid expansion of middle class populations and limited existing energy infrastructure. All of these factors create significant investment opportunities for American Capital Infrastructure and I am delighted that our team can lead American Capital into these targeted investments.” Joining Mr. Hanrahan are Rich Santoroski, Managing Director, and Rajeev Garside, Vice President
“We are delighted to welcome Paul, Rich and Rajeev, leading industry professionals with extensive experience in the global energy industry, to head American Capital Infrastructure,” said Malon Wilkus, American Capital Chairman and Chief Executive Officer. “The team’s background as both investors in and operators of energy infrastructure assets in high-growth and developed markets make them uniquely qualified to lead American Capital’s initiative into energy infrastructure investments. The team’s track record of managing and investing in energy infrastructure assets across the energy value chain during multiple stages of development is a tremendous advantage for the future development of American Capital Infrastructure.”
Mr. 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. Prior to assuming the CEO position at AES, Mr. Hanrahan was COO and Executive Vice President of AES and President and CEO of AES China Generating Co., Ltd. During his tenure at AES, Mr. Hanrahan was responsible for establishing operations in Europe, Asia, Latin America and the United States. He was directly involved in multiple acquisitions, expansions, and greenfield development of energy and natural resource businesses around the world ranging in size up to several billion dollars of enterprise value. Mr. Hanrahan currently serves on the boards of Arch Coal, Ingredion, Great Point Energy, LLC, and AquaVentures Holdings, LLC.
Mr. Santoroski joins American Capital after holding several senior roles at AES including Executive Vice President, Chief Risk Officer, and Co-Head of Global Development. Mr. Santoroski oversaw commercial strategy development for AES’ global platform and co-managed AES’ development efforts with specific focus on Asia and global M&A. In addition, Mr. Santoroski served on the AES Executive Committee, where he actively participated in key decisions of the company, including providing corporate level approval and oversight of strategic and investment decisions. Prior to joining AES, Mr. Santoroski worked for several years at New York State Electric and Gas as an engineer and energy trader.
Mr. 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. Mr. Garside previously served as Vice President, Special Projects and Managing Director, New Business Development and mergers and acquisitions at AES. During his time at AES, he focused on critical corporate initiatives including capital restructuring, international growth strategy, operations, overall corporate cost structure and organization. Prior to joining AES, Mr. Garside held a number of senior roles at private equity firms where he focused on leveraged buyouts, growth equity and venture investments in energy.
American Capital is a publicly traded private equity firm and global asset manager that originates, underwrites and manages investments of $10 million to $500 million in middle market private equity, leveraged finance, real estate and structured products. Founded in 1986, American Capital has $118 billion in total assets under management and has seven offices in the US, Europe and Asia (www.AmericanCapital.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-1-12