Joseph Shepard, formerly president and managing partner at investment banking services provider Archway Capital Management, has rejoined the Small Business Administration as associate administrator for the office of investment and innovation.
Shepard’s “previous public sector experience at SBA overseeing the [Small Business Investment Company] 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,” SBA Administrator Linda McMahon said in a statement released Wednesday.
In his new role, Shepard will oversee licensing and assessment operations for SBIC, regulatory compliance monitoring, investment policies, recovery of taxpayer capital and divestment of portfolio firms under failed SBICs.
The 20-year investment professional previously served as head of SBA’s office of investment and SBIC program and chair of the agency’s investment committee in which he led the review and selection of new private equity funds and investment managers.
Prior to Archway Capital, he worked as a director at Bank One Capital Markets, which is now part of JP Morgan Chase, and as an investment banker at Principal Financial Securities, now Wells Fargo Securities.
Shepard is a former investment analyst at Texas Capital Firm and a management consultant at KPMG.