CIT Group

CIT's CEO John L. Brown and Executive Chairman Robert P. Kelly oversee overall corporate strategy. Lending decisions are delegated through the commercial banking and finance divisions. (public record)

CIT sources loans and leases through its direct origination teams across the US and Canada, supplemented by syndication and correspondent banking relationships. Its bank charter also generates deposit-funded lending capacity.

CIT is a publicly traded financial holding company (NYSE: CIT, delisted 2022 post-merger) and a bank holding company, not a family office. Its capital comes from deposits, debt markets, and shareholder equity.

CIT focuses almost exclusively on secured lending and leases. It does not make venture or growth equity investments. Its primary exposure to companies is through loans and equipment financing.

CIT does not target unsecured consumer lending, early-stage venture, or pure-play biotechnology. It focuses on asset-backed and cash-flow lending to established middle-market companies.

CIT's capital base includes retail deposits from CIT Bank, wholesale debt, and retained earnings. It is not a family office or endowment; it is a regulated bank holding company.

CIT does not operate as a fund-of-funds or co-investor alongside private equity sponsors. It originates loans directly to companies, often alongside other lenders in syndicated facilities.