Private Equities
FC

First Citizens (CIT)

Specialty and asset-based finance across sectors.

Asset-Based LendingFirmNorth America
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Target market
Middle-market borrowers
Typical check
$5M-$500M+
Geography
North America

Overview

First Citizens, which acquired CIT Group, provides asset-based lending, factoring and equipment finance to middle-market companies. Its commercial finance business underwrites against collateral for a range of asset-heavy and specialty industries.

Key facts

  • First Citizens acquired CIT Group
  • Combines ABL, factoring and equipment finance
  • Specialty lending across multiple sectors

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