The Australian: Tudor in the Mix for GE Assets

According to a report from The Australian, Tudor Investment Corp. has emerged as a bidder for GE Capital’s commercial finance loans in Australia, with a potential value of $5 billion.

The Australian noted that the portfolio of active loans is worth approximately $3 billion, but there is $2 billion in untapped lines of credit that would inflate the overall value of the portfolio.

Tudor would be in competition with the Macquarie Group and some private equity firms such as TPG Capital, said The Australian.

Read the full report from The Australian here.

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Terry Mulreany
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