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American Capital Puts Itself Up For Sale After Sharp Criticism By Major Investor

by washingtonpost.com posted 2years ago 5118 views
<p style="line-height: 18.9091px;">American Capital, a Bethesda-based private-equity firm and longtime player on the Washington financial scene, has hired Goldman Sachs and Credit Suisse as it puts itself up for sale after a hedge fund slammed it for poor performance and overly generous compensation.&nbsp;American Capital, which calls itself a publicly traded, private-equity firm (ticker ACAS) &ldquo;has dramatically underperformed the broader market from its pre-crisis peak to current levels,&rdquo; said Elliott Management, which owns nearly 9&nbsp;percent of the firm&rsquo;s stock.</p>