American Capital has expanded 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, chief executive.
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 USD606m in domestic mid-market oil field services and related companies led by Kevin Kuykendall out of its Dallas, Texas office.
"I am very pleased to join and head American Capital Infrastructure," says 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."
"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," says Malon Wilkus (pictured), 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."
American Capital Infrastructure is part of American Capital’s asset management affiliate, American Capital LLC. American Capital has committed USD200m to support American Capital Infrastructure initiatives.
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.
