March 7, 2021

The Apollo fund is made with almost an investment portfolio of 870 million General Electric

The Apollo fund is made with almost an investment portfolio of 870 million General Electric


The transaction not only includes the shares but also the obligations contracted by GE Capital. The portfolio, exclusively confirmed by variable income, consists of 20 investments in renewable energy companies, generation of electricity through natural gas and assets of the energy sector 'midstream', which covers transport and storage.

Apollo Global Management has ensured that this agreement is the beginning of a "future relationship" that may conclude in the formalization of new acquisitions from the GE Capital portfolio.

"The sale of this portfolio reflects the continuous progress in executing GE Capital's strategy and allows us to continue fulfilling our commitments and contributing value to GE," said GE Capial president Alec Burger.

The transaction will close in the fourth quarter of 2018, according to the expectations of the two firms, as it is subject to approval by regulators.

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