ill Walton, Chairman of Rush River Entertainment, has an extensive background in finance, general management, private equity, public policy, strategic planning, mergers and acquisitions, commercial lending, entrepreneurship, private sector educational services and arts management.
In 2016 and 2017, Walton worked for the Donald J. Trump Presidential Transition Team as leader of the Agency Action and Landing Teams for all the economic agencies including Treasury and the IRS, Commerce, USTR, SEC, Social Security, FCC and the Independent Financial Agencies. He also served as team leader for the Treasury/IRS Landing Team.
Walton served as chairman of the board and CEO of Allied Capital Corporation (NYSE) from 1997 to 2009, and as chairman until 2010 when the company was successfully merged with Ares Capital. Under his leadership Allied Capital grew from $600 million in managed assets to $9 billion. Its private equity portfolio held a majority interest in over 20 companies with aggregate revenues of over $5 billion.
Today, Walton hosts The Bill Walton Show, a webcast featuring conversations with leaders, entrepreneurs and thinkers who offer fresh perspectives on current events and human flourishing. He is also a Senior Fellow for Discovery Institute’s Center on Wealth, Poverty and Morality. Through Rush River, Walton has produced Max Rose, starring Jerry Lewis, which was released in August 2016 with an early cut screened at Cannes Film Festival in 2013. A second film, The Ticket, stars Dan Stevens, and was selected as one of only 10 films for Tribeca Film Festival’s 2016 U.S. Narrative Competition.
Earlier in his career, Walton worked as a Managing Director of Butler Capital Corporation, a private equity firm; as the personal investment advisor to William S. Paley, founder of CBS; Senior Vice President in Lehman Brothers Kuhn Loeb’s Merger and Acquisition Group and Vice President of Continental Illinois Bank. Walton has served as a board member of the Heritage Foundation, American Enterprise Institute, Media Research Center, Council for National Policy, US Chamber of Commerce, National Venture Capital Association, National Foundation for Teaching Enterpreneurship and Financial Services Roundtable. In 2015 he served as Chairman of the Tea Party Patriots. He has also served on the boards of The National Symphony Orchestra (President), Kelley School of Business (Chairman), Wolf Trap Center for the Performing Arts (Executive Committee and Chairman of the Finance Committee) and the National Gallery of Art (Collectors Committee and Trustees Council).
Walton also founded two for-profit education service providers: Language Odyssey which taught Spanish and French to K through 6th grade elementary schools students in 12 states, and SuccessLab which taught reading to inner city public school children in Chicago.
Walton earned his BS and MBA degrees (Beta Gamma Sigma) from the Kelley School of Business, Indiana University. He was educated in public schools in Indianapolis. In 1971-1972 he served in the U.S. Army at The Pentagon.
Life member of NRA and MENSA. Lives with his wife, Sarah and their three terriers in Washington, VA. He is President of the Washington Volunteer Fire and Rescue Company.
Other Allied Capital highlights:
- Doubled the Company’s market capitalization in 1997 by merging 5 publically traded Allied Capital affiliates into one entity with a superior balance sheet and diversified income stream.
- Pioneered and partnered with GE Capital in a $3.6 billion SSLP Unitrache Fund (senior/mezzanine debt). The fund was wound down in 2017, earning a gross lifetime IRR of 20%.
- Started the nation’s leading CMBS B piece investor in 1998; anticipating deteriorating mortgage market conditions, exited the business in 2005 generating an IRR of 24% and a $228 million capital gain.
- Led Allied into the private equity buyout business which generated over $1 billion in realized capital gains; partnered with Goldman Sachs in 2007 in a $750 million buyout fund.
- Earned Investment Grade private and public debt ratings from all three major rating agencies.
- Increased annual dividends paid to shareholders from $68 million in 1998 to $417 million by 2007.
- After the 2008-2009 capital markets collapse and a “mark-to-market” portfolio decline, preserved significant shareholder value through the Company’s all-stock merger with Ares Capital in 2010.