What We Do
CIT Sponsor Finance concentrates on middle-market private equity funds with between $150 million and $3 billion of committed capital, providing debt and equity to middle-market transactions throughout the United States, Canada and Europe. We have the ability to underwrite credit facilities of $500 million or more and our typical hold size is approximately $15 million to $20 million. We have access to significant capital and are willing to refinance or recapitalize portfolio companies owned by private equity firms.
Senior debt transaction sizes of $20 million and above, with companies generating at least $7.5 million of EBITDA are CIT Sponsor Finance's focus. We have the ability to provide first lien debt, second lien, mezzanine and equity co-investments. We provide funding for companies on various transactions, most commonly:
- Leverage buyouts
- Acquisitions
- Recapitalizations
- Refinancings
- Growth financings
- Bridge loans
- Turnarounds/distressed
- Debtor-in-Possession
CIT Sponsor Finance also delivers industry and product expertise to the private equity community offered by other CIT businesses including CIT Healthcare, CIT Communications Media & Entertainment, CIT Energy, CIT Aerospace & Defense Finance, CIT Capital Markets, and CIT Commercial Real Estate.