GE Energy Financial Services

No, not as an independently active investment platform. Most of the unit's portfolio and project-finance team were sold to Apollo Global Management in 2018 as part of GE's broader exit from financial services. The residual entity under the GE Vernova structure does not operate the same discretionary energy-investing mandate that characterized the unit at its peak.

Apollo Global Management acquired the bulk of GE Energy Financial Services' equity portfolio and its project-finance team in a deal announced in 2018 (per Apollo press release, October 2018). The acquisition included roughly $1 billion in energy-project equity investments and became the foundation for Apollo's expanded energy credit and infrastructure platform.

The portfolio was broad within energy infrastructure. It included equity and structured debt in natural gas pipelines, thermal power plants, wind farms, solar projects, hydropower, and transmission assets. The group was an early and significant provider of tax-equity financing for US renewable projects, a structure critical to the buildout of American wind and solar capacity.

It originated investments through the global footprint of GE's industrial energy business. When a utility or developer purchased GE turbines or wind equipment, the financing arm could offer capital alongside the equipment — a captive origination funnel no third-party fund could replicate.

A version of it exists under GE Vernova, the standalone energy company spun out of General Electric in 2024, but its mandate is significantly narrowed. It functions as a corporate finance function supporting Vernova's equipment orders rather than the independent, broad energy-investing platform of the pre-2018 era.