Bethesda, MD - November 12, 2001 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that Eugene L. Podsiadlo has been elected to its Board of Directors.
"We welcome Gene and his wealth of experience to American Capital," said Chairman, President and CEO Malon Wilkus. "His remarkable track record of managing dynamic growth, his expertise as an institutional investor and his background in the private equity industry will be of great value to us as we grow our own company."
Mr. Podsiadlo was President of Warburg Pincus Funds and Managing Director of Warburg Pincus/Credit Suisse Asset Management from 1994 to 2001. He joined Warburg Pincus in 1991 and devised and implemented the business plan for its then new mutual fund operation, which grew to over $10 billion in assets in six years. In 1998, he was named co-CEO of a joint venture with Credit Suisse in asset management that led to the acquisition of Warburg Pincus Asset Management in 1999. Mr. Podsiadlo was named a member of the combined firms' six-person management committee, overseeing over $50 billion in assets and 650 employees. He retired from Credit Suisse in January 2001.
Prior to joining Warburg Pincus, Mr. Podsiadlo was Vice President at Citibank from 1985 to 1991, where he headed various divisions of Citicorp Brokerage and was Treasurer of Citibank Insurance Services. He currently serves as a consultant to Wasatch Advisors Inc., a Salt Lake City based investment advisor and manager of the Wasatch Mutual Funds family. Mr. Podsiadlo holds a B.S. in Economics from The Wharton School, University of Pennsylvania and an M.B.A. from the University of Maryland.
American Capital is a publicly traded buyout and mezzanine fund with over $1 billion in capital resources. American Capital is an equity partner in management and employee buyouts; invests in debt and equity of companies led by private equity firms, and provides capital directly to private and small public companies. American Capital funds growth, acquisitions and recapitalizations.
Companies interested in learning more about American Capital's flexible financing and ability to provide senior debt, subordinated debt and equity should contact Mark Opel, Principal, at (800) 248-9340, or visit our website.This press release contains forward-looking statements. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
