Blackstone-backed Kensington Acquires $3.7B in GE Loans
September 18, 2015
Blackstone-backed Kensington Mortgage has reportedly purchased a $3.7 billion portfolio of loans from General Electric's (NYSE: GE) U.K. home lending business. The deal comes as a continued effort by GE to shrink its financing arm, GE Capital, which has offloaded a substantial amount of assets recently. Kensington is also backed by TPG.