MidCap FinCo. Ltd. and funds managed by Apollo Global Management (NYSE APO) affiliates have teamed up to buy Mubadala GE Capital's loan portfolio, as part of General Electric Corp.'s (NYSE: GE) planned divestiture of GE Capital.

The Abu Dhabi-based group is a commercial finance joint venture between Abu Dhabi government investment firm Mubadala Development Corp. and GE Capital. The portfolio contains about $3.6 billion in corporate and real estate loans in the U.S. and Europe.

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