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Diversified Financial Services
gecapital.com

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Investments

327

Portfolio Exits

182

Partners & Customers

10

About GE Capital

GE Capital is a diversified financing solution provider serving consumers, retailers, and businesses around the globe in Commercial Lending and Leasing, Energy, Aircraft, Real Estate, and Consumer Financing.

GE Capital Headquarter Location

901 Main Avenue

Norwalk, Connecticut, 06851,

United States

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Expert Collections containing GE Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find GE Capital in 3 Expert Collections, including Synthetic Biology.

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Synthetic Biology

382 items

P

Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

I

Industrial SynBio

382 items

Synthetic biology focused on replacing industrial and commercial materials.

Research containing GE Capital

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned GE Capital in 1 CB Insights research brief, most recently on Oct 4, 2021.

Latest GE Capital News

New Global Jet Capital CEO Upbeat about Upturn

Oct 12, 2021

After a year of reinforcing its capitalization, business aviation financier Global Jet Capital (GJC) is encouraged by the “long runway” of demand it sees ahead as the pandemic starts to fade and markets begin to reopen, said recently appointed CEO Vivek Kaushal. Previously COO, he stepped into the post formerly held by Shawn Vick, who is now executive chairman. Kaushal, who joined GJC in 2015 with its acquisition of GE Capital’s business aircraft portfolio, takes the new leadership post as the firm prepares for business to take off once again. “We believe that there is a ton of pent-up demand," he said. "We see a lot of growth ahead of us." GJC (Booth 733, SD A507) was founded in 2014 by a group of seasoned senior business aviation executives and expanded substantially with the acquisition of the GE portfolio. In 2019, before the pandemic hit, it enjoyed one of its strongest years with a business jet portfolio of more than $2.6 billion. Also that year, the company widened its international reach with the addition of full offices in Zurich and Hong Kong that joined existing facilities in Danbury, Connecticut; Boca Raton, Florida; and Mexico City. That enabled GJC to put its executives in key time zones and the regions where its clients were based, Kaushal said. All of this prepared the company for when the pandemic hit. Like many businesses, GJC responded first to Covid by taking care of its people and having them set up home offices. Then it focused on clients; Kaushal noted that “we told them we’d be there for every single delivery. And we were.” As the pandemic slowed new business for the market, it also tempered GJC’s growth. Its portfolio is still near where it was in 2019 but Kaushal estimates that had Covid not hit, the company would have been on pace for another 10 to 20 percent of growth. However, despite the turmoil in the market, GJC saw little delinquency in its customer base and no defaults, he said. Working in partnership with customers has been a “tremendous experience and tremendous differentiator,” Kaushal said, adding that "people really appreciated how our portfolio performed.” GJC closed on an asset-backed securitization (ABS) in November 2020 that raised approximately $522 million, bringing its securitized assets to more than $2.8 billion and bonds issued to more than $2.3 billion. GJC followed that with another ABS offering that raised about $663 million, bringing its total assets securitized to more than $3.6 billion and bonds issued to more than $2.9 billion. “We were the very first aviation securitization to come back to the market [since the onset of the pandemic], and we reopened the market for aviation related-assets,” Kaushal said, noting that in both issuances the bonds GJC brought to market were oversubscribed. Investors began to see the value of business aviation through the pandemic, including its efficiency, safety, and security, he added. In addition, they saw the strength of the GJC client base. “They have the ability to withstand very difficult times and it’s been proven in spades,” he said. Moving forward, Kaushal added, “I really believe the pandemic is going to be part of everyone’s playbook,” and that will benefit business aviation. The industry is already seeing strong demand although some countries are just beginning to open up and others have yet to reopen. “The trends are accelerating in this marketplace,” he said, noting that GJC has readied for it with the teams it has put in place and the financial backing it has lined up. Kaushal noted that large-scale business aviation providers are seeing growth but “they are going to need capital to grow and we’re going to be there.” Furthermore, new additions to the market are also turning to lease options that provide them with more flexibility without the long-term commitment or worries about long-term asset valuations that may come with ownership, he said. “Our business is to provide access to business aviation,” he said, pointing to what he sees as a large opportunity for GJC. “This is a $30 billion-a-year transaction market.” Kaushal also believes that this is not a temporary bubble, saying, “We are in a very rational market.” The OEMs are measured in their response to demand, he added. And while values have gone up, only a few sales have involved “eye catching” numbers. Most are reasonable, he said, and are marking a correction made from years of softening. Returning to NBAA, GJC is looking forward to reconnecting with the marketplace in a live show. “We want to reinforce our commitment to business aviation and show our confidence in the industry,” he said, adding, “We have the capital and a full stack of products.” https://www.ainonline.com/aviation-news/business-aviation/2021-10-12/new-global-jet-capital-ceo-upbeat-about-upturn

GE Capital Investments

327 Investments

GE Capital has made 327 investments. Their latest investment was in EdCast as part of their Series B on April 4, 2016.

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GE Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/4/2016

Series B

EdCast

$16M

Yes

11

10/13/2015

Corporate Minority - P2P

Welspun Renewables Energy

$165M

Yes

2

9/2/2015

Line of Credit

Community Intervention Services

Yes

1

7/16/2015

Debt

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$99M

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10

6/10/2015

Line of Credit

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$99M

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10

Date

4/4/2016

10/13/2015

9/2/2015

7/16/2015

6/10/2015

Round

Series B

Corporate Minority - P2P

Line of Credit

Debt

Line of Credit

Company

EdCast

Welspun Renewables Energy

Community Intervention Services

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Amount

$16M

$165M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

11

2

1

10

10

GE Capital Portfolio Exits

182 Portfolio Exits

GE Capital has 182 portfolio exits. Their latest portfolio exit was Tepha on July 27, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/27/2021

Acquired

3

7/16/2021

IPO

$991

2

1/20/2021

Acquired

$991

5

00/00/0000

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10

00/00/0000

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10

Date

7/27/2021

7/16/2021

1/20/2021

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

3

2

5

10

10

GE Capital Acquisitions

11 Acquisitions

GE Capital acquired 11 companies. Their latest acquisition was MetLife - Bank Deposit Business on January 14, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/14/2013

Acquired Unit - Fin

1

6/18/2008

$991

Corporate Majority

1

4/8/2005

$991

Acquired

7/23/2004

Acquired

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$99M

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10

10/21/2003

Acq - Fin - II

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$991

$99M

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10

Date

1/14/2013

6/18/2008

4/8/2005

7/23/2004

10/21/2003

Investment Stage

Acquired

Acq - Fin - II

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired Unit - Fin

Corporate Majority

Acquired

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Sources

1

1

10

10

GE Capital Partners & Customers

10 Partners and customers

GE Capital has 10 strategic partners and customers. GE Capital recently partnered with Credit Suisse, and Mastercard on September 9, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

9/20/2016

Partner

Credit Suisse, and Mastercard

Switzerland, and United States

Fintech & fraud: Microfinance faces balancing act in Africa COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM.

So far , First Access has partnered with Vodacom to do this , and it is working on creating similar partnerships with mobile operators Airtel and Tigo .

1

4/26/2016

Vendor

Kepion

United States

By Emily Jordan - Updated April 26, 2016. GE Capital (Australia) selects Kepion as its CPM solutions provider

In 2012 , GE Capital selected Kepion as their solution provider for their budgeting and forecasting needs in their Retail Finance and Treasury Departments .

1

2/25/2016

Partner

Accuray

United States

Accuray and GE Capital Healthcare Equipment Finance Announce Healthcare Financing Collaboration Agreement

Accuray Incorporated Europe and GE Capital announced today they have signed a collaboration agreement to develop sustainable financing options that will increase market access to the CyberKnife ® and TomoTherapy .

1

1/19/2016

Partner

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10

8/5/2015

Partner

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10

Date

9/20/2016

4/26/2016

2/25/2016

1/19/2016

8/5/2015

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Credit Suisse, and Mastercard

Kepion

Accuray

Country

Switzerland, and United States

United States

United States

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News Snippet

Fintech & fraud: Microfinance faces balancing act in Africa COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM.

So far , First Access has partnered with Vodacom to do this , and it is working on creating similar partnerships with mobile operators Airtel and Tigo .

By Emily Jordan - Updated April 26, 2016. GE Capital (Australia) selects Kepion as its CPM solutions provider

In 2012 , GE Capital selected Kepion as their solution provider for their budgeting and forecasting needs in their Retail Finance and Treasury Departments .

Accuray and GE Capital Healthcare Equipment Finance Announce Healthcare Financing Collaboration Agreement

Accuray Incorporated Europe and GE Capital announced today they have signed a collaboration agreement to develop sustainable financing options that will increase market access to the CyberKnife ® and TomoTherapy .

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Sources

1

1

1

10

10

GE Capital Team

228 Team Members

GE Capital has 228 team members, including current Chief Executive Officer, President, Mark W. Begor.

Name

Work History

Title

Status

Jim Kim

Khosla Ventures, and CMEA Capital

Founder

Current

Mark W. Begor

Chief Executive Officer, President

Current

Daniel Henson

Chief Executive Officer, President

Current

Norman C.t. Liu

Chief Executive Officer

Current

Michael A. Neal

Chief Executive Officer

Current

Name

Jim Kim

Mark W. Begor

Daniel Henson

Norman C.t. Liu

Michael A. Neal

Work History

Khosla Ventures, and CMEA Capital

Title

Founder

Chief Executive Officer, President

Chief Executive Officer, President

Chief Executive Officer

Chief Executive Officer

Status

Current

Current

Current

Current

Current

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