GE Capital, the financial services division of US energy group General Electric, is looking to divest up to $1bn of private equity fund stakes, according to Bloomberg.
GE Capital oversees close to $2.5bn in mid-market investments across both fund and direct strategies. It is just the latest limited partner to seek a reduction in its private equity exposure in the face of new regulation
The implementation of the Volcker Rule in the US aims to limit the amount of capital that banks are able to hold in hedge funds or private equity to no more than three per cent
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