American Capital Strategies invests in vacation business

American Capital Strategies Ltd., a Bethesda-based investment firm, announced that it has invested $74.5 million in HomeAway Inc., an online vacation home company showing properties being rented by their owners.

The money invested by Capital will go towards HomeAway?s recent acquisitions of 65,000 paid property listings on VRBO.com and 30,000 more on French Web site Abritel.

Within the last 12 months, Capital has invested $7.2 billion in its managed funds, including $1.3 billion since the start of 2007 alone.

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