Daily News: May 21, 2019

Kaplan Joins CIT Northbridge to Lead Northeast Business Development


Elijah Kaplan joined CIT Northbridge Credit to lead its business development efforts across the Northeast.

Based in New York, Kaplan is an experienced professional in middle market lending, private equity, and restructuring. He has over 19 years of experience in financing, acquiring, and advising middle-market businesses on asset-based transactions across a wide array of industries.

In his new position as a managing director with CIT Asset Management, Kaplan will be responsible for identifying new business opportunities for CIT Northbridge Credit and for leading financing origination across the Northeastern states.

“Elijah has creatively structured and negotiated both new transactions and restructurings to create win/win solutions for all those involved, including lenders, borrowers and financial sponsors,” said Neal Legan, who leads CIT Northbridge. “We are pleased to welcome Elijah to the team at CIT Northbridge and look forward to his contributions to our growth.”

Prior to joining CIT Northbridge Credit, Kaplan held a similar role at Gibraltar Business Capital. Earlier in his career, Elijah worked as a turnaround and restructuring advisor at Deloitte CRG and at various investment funds focused on special situation lending.

CIT Northbridge Credit supports middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture managed by CIT Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles.