CIT Asset Management Expands Lending Capacity

CIT Asset Management will offer expanded cash flow-based revolving and term loan options to qualified borrowers though a managed financing vehicle funded by an A-rated insurance company.

CIT, TPG Special Situations Partners Enter into JV

CIT announced a joint venture with funds managed by TPG Special Situations Partners. The JV will have a target size of $500 million and will provide secured financing to companies in a variety of industries throughout the U.S.