Daily News: April 4, 2019

Seminario, Duranto Promoted within PNCBC Tech Finance Group


PNC Bank appointed J.P. Seminario national originations manager for PNC Business Credit’s Technology Finance group.

Based in Los Angeles, Seminario, a five-year PNC veteran, previously served as managing director of western originations for the Technology Finance group. As an original member of the group, Seminario has experience in underwriting, portfolio and originations, including more than $3 billion in financing leveraged buyouts, mergers and acquisitions, recapitalization and restructuring transactions in the technology space.

In his new role, he will be responsible for oversight of Technology Finance group originations nationwide.

PNC Bank also appointed Christopher P. Duranto as director, western originations for PNCBC Technology Finance. Based in San Francisco, Duranto will assist in covering originations across the western region.

He previously served as portfolio team leader, responsible for $800 million in commitments and the build out of the dedicated PNCBC Technology Finance portfolio team.

“The success of PNCBC’s Technology Finance group is due, in large part, to our dedicated team of financial professionals,” said David Mengel, group head, PNCBC Technology Finance. “We are pleased to announce the promotions of J.P. and Chris, which will support our growth strategy and further solidify the dedicated team that we have in place.”

The Technology Finance group in PNC Business Credit offers capital solutions to support the growth and financial objectives of sponsor-backed technology companies, offering senior debt based on the intrinsic value of established recurring revenue streams.