CIT announced the appointment of Elijah Kaplan to lead CIT Northbridge Credit 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, Elijah held a similar role at Gibraltar Business Capital. Earlier in his career, Elijah worked as a turnaround and restructuring advisor at DeloitteCRG and at various investment funds focused on special situation lending.

CIT Northbridge Credit is a joint venture managed by CIT Asset Management, providing revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender.