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MCG Capital Corporation

 
Hoover's Profile: MCG Capital Corporation
(NASDAQ (GS):MCGC)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
MCG Capital Corporation
1100 Wilson Blvd., Ste. 3000
Arlington, VA 22209
VA Tel. 703-247-7500
Fax 703-247-7505

Type: Public
On the web: http://www.mcgcapital.com
Employees: 73
Employee growth: (23.2%)

MCG Capital is putting its money on the little guy. The closed-end investment company has holdings in some 70 firms throughout the US. It lends money to and invests in small and midsized firms with annual sales between $20 million and $200 million. Its portfolio includes such concerns as competitive local exchange carriers, health care companies, publishers, broadcast television stations, and plastics manufacturers. MCG Capital, with $1.2 billion in assets, is an active investor, working with companies' management teams to set and execute strategy. As a business development company (BDC), the firm is required to invest at least 70% of its assets in private or thinly traded US public companies.

Key numbers for fiscal year ending December, 2008:
Sales: $135.4M
One year growth: (27.7%)
Net income: ($191.2)M

Officers:
Chairman: Richard W. Neu
President, CEO, and Director: Steven F. (Steve) Tunney Sr.
EVP and CIO: Robert S Grazioli

Competitors:
Allied Capital
Veronis Suhler Stevenson
Warburg Pincus

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