* Mitsui will invest $200 mln in private equity-sponsored
* Mitsui intends to raise funds from Japanese institutional
* GE and Mitsui will explore areas such as OEM financing
(Recasts, adds detail, quotes)
July 27 GE Capital said late on Tuesday it has
partnered with Tokyo-based Mitsui & Co , to establish an
investment management program to co-invest in U.S. commercial
GE Capital said Mitsui will invest $200 million of its own
capital in private equity-sponsored loans in the first year of
the program. Mitsui also intends to raise funds from Japanese
institutional investors and manage the investment management
program, GE Capital said.
The investments are expected to include private
equity-sponsored loans as well as big-ticket equipment loans and
leases, and bank loans.
"We believe it can lead us to considerable expansion of
strategically attractive investment opportunities that had not
previously been available to us," said Atsushi Kume, chief
operating officer of the financial and new business unit at
Meanwhile, Mitsui and GE Capital will also explore global
opportunities in areas such as financing for original equipment
manufacturers and renewable energy.
(Reporting by Sakthi Prasad in Bangalore; Editing by Matt