Technology Finance

Supporting sponsor-backed technology firms with recurring revenue streams.

Flexible Debt Solutions for Technology Companies

 

With over 10 years of software and SaaS lending experience, PNC Business Credit’s Technology Finance group is a dependable lender that offers deep sector knowledge and reliable deal execution, both domestically and internationally.

We offer flexible debt structures based on the intrinsic value of established recurring revenue streams to support various situations, including recapitalizations, acquisitions, growth capital and other unique capital needs. With a focus on consistency, you can count on the Technology Finance Group to deliver throughout all economic cycles, with a relationship-based model that takes intangibles into consideration.

Ankur Gupta
EVP & Group Head,
Technology Finance

Approach & Value Proposition

Target Investment Criteria

  • Software, technology enabled and data analytics companies
  • Mission critical solutions with high switching costs
  • Diversified recurring revenue streams
  • Companies own their own IP
  • High customer retention
  • Defensible market positions

Financing Solutions

  • Senior secured revolvers and term loans
  • Pro-rata, unitranche and 1L/2L structures
  • International scope across North America, the UK, Northern Europe, and Australia
  • Primarily sponsor backed situations
  • Balance sheet holds of $10 to $100MM
  • Expertise across various technology subsectors

$9B

Total Capital Deployment Since 2013

$5B

Current AUM Across 110+ Portfolio Companies [1]

250+

New Platforms [1]

210+

Portfolio Upsizes [1]

We Get the Deal Done

At PNC Business Credit, “Done Deal” is not just a tagline.
It’s who we are.

Consistent, creative, reliable capital in all phases of the business cycle, delivered by leading dealmakers who are experts in their field. With us, it's more than confidence of execution. It’s a Done Deal.

Technology - Ed Tech


Apptegy

A portfolio company of

JMI Equity

$60,000,000

Recurring Revenue

 

Acquisition Financing
& Growth Capital

 

Technology -
Infrastructure & Security 


SMA Technologies

A portfolio company of

Thomabravo

Recurring Revenue

 

Acquisition Financing

 

Technology -
Human Capital Management


Viventium

A portfolio company of

LLR Partners

$47,500,000

Revolver & Term Loan

 

Acquisition Financing

Our Team

Industry focused dealmakers with leading experience.

Thomas Burkes
Managing Director, Eastern U.S. & Europe Originations

Derek Hrubeniuk
SVP, Western U.S.
Originations

Avi Punhani
SVP, Head of
Global Originations