WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that Joseph Shepard will serve as the Associate Administrator for the Office of Investment and Innovation.
“It is my pleasure to welcome Joe to the SBA,” McMahon said. “His previous public sector experience at SBA overseeing the SBIC program, as well as his private sector experience as a subordinated debt lender and private equity investor in small businesses, is the perfect fit required for this critical lending, investment and oversight position.”
As office head, Shepard will be responsible for Small Business Investment Company (SBIC) assessment and licensing; oversight and monitoring of existing SBICs, including examinations for regulatory compliance; divestment of portfolio companies within failed SBICs, and the timely recovery of taxpayer guaranteed capital; investment policies; new regulations; and strategic direction.
“I am honored to have the opportunity to be at the SBA and work with a group of highly knowledgeable and experienced professionals,” Shepard said. “As a team, we will strive to be good stewards of the taxpayer dollars.”
Prior to his SBA appointment, Shepard was a Partner and Managing Director of Archway Capital Management, and was previously a Director of Banc One Capital Markets, the investment banking and private equity group of Bank One Corporation, now JP Morgan Chase, which managed seven bank-owned SBICs. In both positions, he was responsible for originating, evaluating, and processing direct mezzanine and equity investments, as well as providing merger, acquisition, advisory, and investment banking services. He had similar responsibilities and experience with Principal Financial Securities, and Texas Pacific Capital. He began his professional career as a management consultant with KPMG.
Shepard holds a Bachelor of Business Administration degree from Harding University and earned a Master of Business Administration from Southern Methodist University.