MassMutual Retirement Services Division has appointed Michael Reilly to the post of divisional sales manager for the South/Central Region. As the newest member of MassMutual's sales management team, he is responsible for managing the Chicago field office and the territory encompassing Ala., Fla., Ga., Ill., Ind., Ky., Md., N.C., Puerto Rico, S.C., Tenn., Va., Washington, D.C. and eastern and central Wisconsin. He reports to Hugh O'Toole, senior vice president of sales and client management for MassMutual's Retirement Services Division.

Reilly brings over 15 years of retirement services experience to MassMutual, having held various management roles across sales and operations in the financial services industry. He joins MassMutual from JPMorgan Chase & Co. where he most recently served as institutional sales director. Prior to JP Morgan Chase, he held numerous leadership positions at Putnam Investments.

"We look forward to tapping Mike's deep industry experience and strong leadership capabilities in support of retirement plan advisors and their business development efforts in the South/Central Region," says O'Toole. "Once again, MassMutual's reputation for delivering excellent service to retirement plan advisors has enabled us to attract top industry talent of Mike's caliber. We look forward to continued growth in Mike's territory and in the retirement services marketplace at large."

Reilly is based in Charlotte, N.C., and can be reached at (704) 724-3507 or michaelreilly@massmutual.com. For more information about MassMutual Retirement Services, please contact your retirement plan representative or call MassMutual at 1-888-626-4911.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately one million participants.

Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders.  The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

For more information, visit massmutual.com.

SOURCE MassMutual Retirement Services Division

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Founders Fund, the venture backer of companies including Facebook, Spotify, and SpaceX, has closed its third venture fund.  The Founders Fund III LP and its parallel funds were oversubscribed, reaching the firm's cap of $250 million in commitments, making the Fund III suite the firm's largest yet.  The substantial majority of commitments came from limited partners of the firm's prior funds, joined by a small number of new investors.

Founders Fund is managed by Peter Thiel, Ken Howery, Luke Nosek, and Sean Parker, all of whom were company founders before becoming venture capitalists.   Founders Fund seeks to eliminate the traditional tensions between venture capitalists and start-ups through a unique, founder-friendly approach.  "Our goal is to provide as much support for a company as it requires, without interfering with an entrepreneur's vision for that company," said Peter Thiel.  "In our experience that leads to the best returns for our investors."  "Founders Fund has been an incredible partner for Quantcast; they've offered outstanding advice and guidance while giving us the freedom to grow the business in the ways we think best.  Quantcast's tremendous growth testifies to the effectiveness of that model," said Konrad Feldman, CEO of Quantcast, the audience insights and targeting company backed by Founders Fund.  

Fund III intends to leverage the firm's experience in consumer-internet, as well as to expand its investments in companies pursuing revolutionary solutions to major science and engineering problems.  "As companies like Spotify make clear, consumer internet continues to present tremendous opportunities," said managing partner Sean Parker, who previously served as the founding president of Facebook and co-founder of Causes (both Founders Fund investments), and who also co-founded Napster and Plaxo. "And as the launch of SpaceX's Falcon 9 demonstrates, ambitious engineering projects can also generate terrific value," said Luke Nosek, a Founders Fund managing partner and a director of SpaceX.  

According to Ken Howery, "Despite years of cynicism and low returns in the industry, our companies show that there are compelling opportunities in several categories for bold investors."  "I worked with the partners of Founders Fund when I was at PayPal, and their expertise in consumer internet is second to none.  Having worked with them at Palantir and now at RoboteX, I can say that they are the rare VC that understands both consumer-side and hard engineering and that they invest with conviction," said Nathan Gettings, CEO of RoboteX, which makes multi-purpose robots used by police agencies, SWAT teams, and civilian users.  Gettings is also CTO of Founders Fund portfolio company Palantir, the analytical software firm that helped track down the perpetrators of the attacks on the Dalai Lama's computers.  

"We're delighted that our limited partners have backed us for a third fund," said Howery, "and we'll use that fund to continue supporting transformational companies."    

ABOUT FOUNDERS FUND

Founders Fund is managed by seasoned entrepreneurs Peter Thiel, Ken Howery, Luke Nosek (co-founders, PayPal) and Sean Parker (founding president, Facebook; co-founder Plaxo, Causes, Napster) to support early-stage companies.  Founders Fund has made early investments in some of the most prominent ventures of the past decade, including Facebook, Causes, Palantir Technologies, Quantcast, and SpaceX.  The firm, headquartered in San Francisco, pursues a founder-friendly investment strategy that provides maximum support and minimum interference to world-class entrepreneurs.  

SOURCE Founders Fund

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At a meeting held on July 23, 2010, shareholders of Eaton Vance Enhanced Equity Income Fund (the "Fund") (NYSE: EOI), a closed-end investment company, voted to elect Helen Frame Peters, Lynn A. Stout and Ralph F. Verni as Class III Trustees of the Fund, each for a three-year term.  The Fund's Class I and Class II Trustees, who serve staggered terms, were not up for election and remain in office.  

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924.  Eaton Vance and its affiliates managed $165.4 billion in assets as of June 30, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.   The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

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At a meeting held on July 23, 2010, shareholders of Eaton Vance California Municipal Bond Fund (NYSE Amex: EVM), Eaton Vance California Municipal Bond Fund II (NYSE Amex: EIA), Eaton Vance Massachusetts Municipal Bond Fund (NYSE Amex: MAB), Eaton Vance Michigan Municipal Bond Fund (NYSE Amex: MIW), Eaton Vance Municipal Bond Fund (NYSE Amex: EIM), Eaton Vance Municipal Bond Fund II (NYSE Amex: EIV), Eaton Vance New Jersey Municipal Bond Fund (NYSE Amex: EMJ), Eaton Vance New York Municipal Bond Fund (NYSE Amex: ENX), Eaton Vance New York Municipal Bond Fund II (NYSE Amex: NYH), Eaton Vance Ohio Municipal Bond Fund (NYSE Amex: EIO) and Eaton Vance Pennsylvania Municipal Bond Fund (NYSE Amex: EIP), each a closed-end investment company, voted to elect Thomas E. Faust Jr. and Allen R. Freedman as Class II Trustees of each Fund and Benjamin C. Esty elected solely by holders of Auction Preferred Shares (APS)  as Class II APS Trustee of each Fund, each for a three-year term. The Class I and Class III Trustees of each Fund, who serve staggered terms, were not up for election and remain in office.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924.  Eaton Vance and its affiliates managed $165.4 billion in assets as of June 30, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions.   The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

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American Capital Ltd. (Nasdaq: ACAS) announced today it will report second quarter 2010 earnings after market close on August 3, 2010.  Shareholders, prospective shareholders and analysts may listen to the shareholder call on August 4, 2010 at 11:00 am ET.  The call can be accessed through a live webcast, free of charge, at www.AmericanCapital.com or by dialing (877) 569-8701(U.S. domestic) or (574) 941-7382 (international). Please provide the operator with the conference ID number 88487445.  If you do not plan on asking a question on the call and have access to the internet, please take advantage of the webcast.  

A slide presentation will accompany the shareholder call and will be available at www.AmericanCapital.com.  Select the Q2 2010 Earnings Presentation link to download and print the presentation in advance of the shareholder call.

An archived audio of the call combined with the slide presentation will be made available on our website after the call on August 4.  In addition, there will be a phone recording available from 4:00 pm August 4 until 11:59 pm August 18.  If you are interested in hearing the recording of the presentation, please access it for free on our website or dial (800) 642-1687 (U.S. domestic) or (706) 645-9291 (international).  The access code for both domestic and international callers is 88487445.

For further information, please contact Investor Relations at (301) 951-5917 or IR@AmericanCapital.com.

ABOUT AMERICAN CAPITAL

American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. Founded in 1986, American Capital has $14 billion in capital resources under management and eight offices in the U.S., Europe and Asia. American Capital and its affiliates will consider investment opportunities from $5 million to $100 million. For further information, please refer to www.AmericanCapital.com.

This press release contains forward-looking statements. The statements regarding expected results of American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions or changes in the conditions of the industries in which American Capital has made investments.

SOURCE American Capital Ltd.

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