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American Capital Invests in Nextpoint™ Networks

Bethesda, MD – February 28, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in January it and its affiliates invested in NextPoint™ Networks, Inc. NextPoint is the result of the convergence of NexTone Communications, a leader in software-centric session border controllers (SBCs) and IP session management, and American Capital portfolio company Reef Point Systems, a provider of secure fixed-mobile connectivity solutions.  The combined entity leverages NexTone’s SBC and Reef Point Systems’ fixed-mobile connectivity solutions to create the world's first Integrated Border Gateway (IBG) – a single box providing edge-to-edge solutions to fixed-line and wireless service providers seeking global interconnectivity.  American Capital’s investment takes the form of preferred equity.  American Capital Equity Fund I LLC and American Capital Equity II LP, funds managed by American Capital, respectively provided 30% and 12% of the American Capital equity investment.  One Equity Partners, the private equity arm of JPMorgan Chase (NYSE:JPM), and American Capital led the round of financing with participation from Jersualem Venture Partners, Core Capital Partners, Safeguard Scientifics (NYSE:SFE) and Summerhill Venture Partners. [more...]