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Holding Company
FINANCE | Retail Banking
cit.com

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Investments

111

Portfolio Exits

45

Funds

1

Partners & Customers

10

Service Providers

1

About CIT Group

CIT (NYSE: CIT) is a financial holding company that provides financing, leasing, and advisory services to its clients and their customers. CIT maintains leadership positions in middle market lending, factoring, retail, and equipment finance, as well as aerospace, equipment, and rail leasing. CIT's primary bank subsidiary is CIT Bank (Member FDIC), which, through its Internet bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals; another subsidiary is CIT Rail, which owns and finances railcars and locomotives and provides financial solutions to the bulk freight transportation marketplace.

CIT Group Headquarter Location

11 West 42nd Street

New York, New York, 10036,

United States

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Expert Collections containing CIT Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find CIT Group in 1 Expert Collection, including Packaging & Labeling Tech.

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Packaging & Labeling Tech

38 items

Companies providing traditional and tech-enabled packaging and labeling solutions for brands.

Latest CIT Group News

First Citizens BancShares, Inc. Announces Date of 2022 First Quarter Financial Results, Earnings Call

Apr 6, 2022

. is the financial holding company for First Citizens Bank. In January 2022, First Citizens BancShares and CIT Group Inc. merged – creating one of the top 20 U.S. financial institutions, with more than $100 billion in assets. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. As the largest family-controlled bank in the United States, First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Its commercial banking segment brings a wide array of best-in-class lending, leasing and banking services to middle-market companies and small businesses from coast to coast. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens also operates a nationwide direct bank and a network of more than 600 branches in 22 states, many in high-growth markets. Visit firstcitizens.com . First Citizens Bank. Forever First® Contact:

CIT Group Investments

111 Investments

CIT Group has made 111 investments. Their latest investment was in Hello Bello as part of their Line of Credit on May 5, 2022.

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CIT Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/6/2022

Line of Credit

Hello Bello

$65M

Yes

1

5/4/2022

Line of Credit

Origis Energy

$375M

Yes

1

4/21/2022

Line of Credit

Natural Gas Compression Systems

$145M

Yes

2

12/28/2021

Unattributed

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$99M

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10

12/8/2021

Debt - II

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10

Date

5/6/2022

5/4/2022

4/21/2022

12/28/2021

12/8/2021

Round

Line of Credit

Line of Credit

Line of Credit

Unattributed

Debt - II

Company

Hello Bello

Origis Energy

Natural Gas Compression Systems

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Amount

$65M

$375M

$145M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

2

10

10

CIT Group Portfolio Exits

45 Portfolio Exits

CIT Group has 45 portfolio exits. Their latest portfolio exit was Sunlight Financial on July 12, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/12/2021

Reverse Merger

$99M

7

7/5/2021

Acq - Fin

2

6/28/2021

Acquired

5

3/22/2021

Asset Sale

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10

1/26/2021

Acq - Fin

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$99M

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10

Date

7/12/2021

7/5/2021

6/28/2021

3/22/2021

1/26/2021

Exit

Reverse Merger

Acq - Fin

Acquired

Asset Sale

Acq - Fin

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

7

2

5

10

10

CIT Group Acquisitions

6 Acquisitions

CIT Group acquired 6 companies. Their latest acquisition was Baker & Taylor on November 16, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/16/2021

$99M

Acquired - II

1

8/13/2019

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$99M

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10

8/4/2014

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$99M

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10

7/22/2014

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$99M

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10

2/3/2014

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$99M

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10

Date

11/16/2021

8/13/2019

8/4/2014

7/22/2014

2/3/2014

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired - II

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Sources

1

10

10

10

10

CIT Group Fund History

1 Fund History

CIT Group has 1 fund, including Strategic Credit Partners.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/26/2015

Strategic Credit Partners

$500M

1

Closing Date

8/26/2015

Fund

Strategic Credit Partners

Fund Type

Status

Amount

$500M

Sources

1

CIT Group Partners & Customers

10 Partners and customers

CIT Group has 10 strategic partners and customers. CIT Group recently partnered with FRONTSTEPS on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/19/2021

Partner

United States

CIT and FRONTSTEPS Announce Advanced Payment Features to Increase Convenience and Security

These experiences are only delivered through FRONTSTEPS and enhanced by our close partnership with CIT Group Inc. . ''

1

1/1/2020

Partner

United States

3/31/2019

Partner

United States

CIT and Operation HOPE Launch Video Series to Empower Small Business Owners

NEW YORK , March 27 , 2018 / PRNewswire / -- CIT Group Inc. , , in partnership with the nonprofit Operation HOPE , today introduced the Launch and Grow video series to empower and educate small business owners .

4

3/27/2018

Partner

United States

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10

2/13/2018

Partner

United States

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10

Date

8/19/2021

1/1/2020

3/31/2019

3/27/2018

2/13/2018

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

CIT and FRONTSTEPS Announce Advanced Payment Features to Increase Convenience and Security

These experiences are only delivered through FRONTSTEPS and enhanced by our close partnership with CIT Group Inc. . ''

CIT and Operation HOPE Launch Video Series to Empower Small Business Owners

NEW YORK , March 27 , 2018 / PRNewswire / -- CIT Group Inc. , , in partnership with the nonprofit Operation HOPE , today introduced the Launch and Grow video series to empower and educate small business owners .

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Sources

1

4

10

10

CIT Group Service Providers

1 Service Provider

CIT Group has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

CIT Group Team

71 Team Members

CIT Group has 71 team members, including current President, Nelson J Chai.

Name

Work History

Title

Status

Nelson J Chai

President

Current

Pete Connolly

President

Current

James L Hudak

President

Current

Steve Solk

President

Current

Markus Weinseiss

President

Current

Name

Nelson J Chai

Pete Connolly

James L Hudak

Steve Solk

Markus Weinseiss

Work History

Title

President

President

President

President

President

Status

Current

Current

Current

Current

Current

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