GE Equity winding down

Peter Stack, spokesman for General Electric’sprivate equity arm, GE Equity, has stated that theunit will stop making new private equityinvestments, including direct investments andpartnerships in venture and buyout funds,although it will continue to support certaininvestments ‘where appropriate’.‘We continue to restructure the equity businessand have decided to strategically wind down theequity effort’, he said. GE Equity has roughly$3bn in investments, including nearly 250companies and LP interests in a diverse range ofprivate equity funds. In its latest Q3 results, GEEquity reported a $167m loss. There are noreports of imminent staff redundancies.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland