GE close to selling private equity lender to top Canada pension fund

General Electric Co (GE.N) is near an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada's biggest pension fund, according to a source familiar with the matter, as the conglomerate takes a big step in a planned massive pullback from its finance operations. The deal with the CPPIB is expected to include GE's Antares Capital business, a middle-market lender for private equity- backed transactions, the source said. It does not, however, include all of GE's U.S. sponsor finance business, such as the joint venture with Ares Management (ARES.N), the source added.

GE close to selling private equity lender to top Canada pension fund source: http://finance.yahoo.com/news/ge-close-selling-private-equity-020657032.html