Daily News: May 1, 2015

Oaktree Interested in GE Capital Assets

Bloomberg reported Oaktree Capital Group 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.