GE Capital’s Telecom, Media and Technology (TMT) financing business announced it completed more than 50 transactions totaling $5 billion during 2014, including $1.3 billion across 17 technology sector transactions. The TMT business addressed the financial needs of customers in key growth sectors including the cable, data center, metro fiber, radio, TV, digital media and software industries, among others.
 
“We attribute another strong year to delivering consistent, reliable commitments coupled with industry expertise that is unique to GE,” said Pete Foley, senior managing director of TMT. “The addition of sell-side analyst Raj Seth to our technology team and our ability to connect customers to the expertise, resources and opportunities resident at GE’s software business in California helped us successfully serve middle market businesses in the technology space.”

In 2014, GE Capital’s TMT business held a Cloud Industry Summit that gathered more than 40 investment groups to hear how the cloud is transforming business models. The event brought investors together to hear ideas from industry leaders and pioneers including Bill Ruh, head of GE Software, and Chris Drumgoole, chief operating officer for IT at GE.

During 2014, GE Capital’s TMT business also closed $491 million in commitments through the Senior Secured Loan Program (SSLP), which is jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital. Since January 2010, the SSLP has committed approximately $16.8 billion to middle market borrowers.