Daily News: January 23, 2014

Bloomberg: GE Unit Said to Consider $1B Sale of Buyout Stakes

Bloomberg reported, according to three people familiar with the situation, that GE Capital’s Americas equity unit is interviewing firms to explore the sale of about $1 billion in middle-market buyout fund stakes as it seeks to comply with rules that limit risk-taking by banks.

Bloomberg notes that a number of finance companies have been selling assets and operations as they come under pressure from the Volcker rule, a provision of the 2010 Dodd-Frank Act that limits how much they can invest in private equity.

To read the entire Bloomberg report, click here.