Daily News: April 15, 2014

CIT Appoints Managing Director of Corporate Finance, Energy

CIT Group appointed Todd Friant managing director of CIT Corporate Finance, Energy, effective immediately. Friant will be responsible for leading the origination efforts for senior lending opportunities in the oilfield services and midstream sub-sectors.

“We’re pleased to have Todd join our team as he has extensive experience originating, executing, managing and optimizing a wide variety of debt and buyout investments across several energy sub-sectors,” said Mike Lorusso, group head of CIT Corporate Finance, Energy.

Prior to joining CIT, Friant was a managing director in American Capital’s Energy Group and served on various boards of directors. He previously worked at Hunt where he assisted in the build-out of the energy-focused principal investing effort, and provided analytical support to the Hunt operating companies.