Daily News: June 29, 2018

CIT Adds Cha to Comm & Technology Finance Team

CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha joined CIT as director of originations, with primary responsibility for expanding its existing coverage network to better serve technology-oriented private-equity sponsors, including those based on the West Coast.

Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital, where he focused on raising acquisition and other leveraged financings for leading technology private-equity sponsors.

“Focusing on asset growth is a priority for our Communications & Technology Finance business. We are pleased to add Jason’s significant experience in leveraged finance for technology sponsor portfolio companies,” said Thomas Westdyk, managing director and group head for Communications & Technology Finance. “I am confident Jason will be a valuable contributor as we aim to increase our assets and expand our coverage nationally.”

The Communications and Technology group provides financing solutions to middle-market software, technology-enabled services and hardware businesses nationwide. It also provides cash flow and asset based senior debt for communications and technology companies in the middle market throughout the U.S.