Bloomberg: Oaktree Has Interest in GE Capital Assets

Bloomberg reported Oaktree co-chairman Bruce Karsh said Oaktree Capital Group is evaluating parts of General Electric.

“We are in the process,” Karsh, who co-founded Los Angeles-based Oaktree with Howard Marks and others, said. “We’ve got some serious interest in a few things.”

According to Bloomberg, GE this month said it will sell the bulk of its lending unit in a sweeping move that will return the company to its industrial roots. Large banks including U.S. Bancorp and JPMorgan Chase have said they will look at the assets Bloomberg said. People with knowledge of the details have said others interested include Blackstone Group, Mitsubishi UFJ Financial Group, Wells Fargo, SunTrust Banks, Apollo Global Management and Ares Management, according to Bloomberg.

To read the entire Bloomberg article, click here.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.