UPDATE 1-Prudential acquires GMAC equipment lease portfolio

Newswire

(Adds detail) NEW YORK, Feb 28 (Reuters) - Prudential Capital Group, a unit of Prudential Financial Inc. , said on Wednesday it acquired a $607 million portfolio of equipment loans and leases from a unit of GMAC Financial Services. Prudential Capital made $6.9 billion in private debt investments in 2006 and plans to invest another $8 billion in 2007, it said. The equipment loan and lease portfolio includes loans and leases financing corporate aircraft, marine assets, industrial ...

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