ABACUS FINANCE ANNOUNCES THE PROMOTION OF ERIC PETERSEN TO DIRECTOR AND THE ADDITION OF ANALYST JACOB WISE
New York, NY, July 16, 2019 - Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced the promotion of Eric Petersen to Director and the hiring of Jacob Wise as an Analyst.
“We continue to broaden our investment team, always with the goal of providing our sponsors with deep talent and the kind of resources that will provide swift and efficient service and give them peace of mind,” said Tim Clifford, President and CEO of Abacus. “The depth of our investment team and our ability to move quickly are important aspects of Making Life Easier™ through our Total Partnership Approach™.”
Eric Petersen, who joined Abacus in 2013, is involved with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Eric previously worked as an Associate in the leveraged finance group at BNP Paribas and also worked with GE Energy in corporate development. Prior to transitioning to the private sector, he spent over 14 years as a Naval Officer and an F/A-18 Fighter Pilot. He holds a BS in English from the United States Naval Academy, an MS in Quantitative and Computational Finance from the Georgia Institute of Technology, and an MBA from the University of Southern California.
Jacob Wise, an analyst, joined Abacus Finance in March 2019 and works as part of the investment team structuring, underwriting and executing new investments. He also performs various portfolio monitoring and valuation tasks. Previously, he was an analyst at BMO Capital Markets in its leveraged finance group. Jacob earned a BBA from the Ross School of Business at the University of Michigan.
About Abacus Finance Group, LLC
Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity-sponsored, lower-middle market companies across diverse industries. Since its inception in June 2011, it has closed over $2 billion in financings. Abacus targets debt financing opportunities of up to $75 million with a typical hold size ranging from $10 million to $40 million, and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust which was founded in 1850. Abacus Finance is located at 335 Madison Avenue, 23rd Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-4620 or to cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
The Total Partnership Approach™, which is a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge and exceptional client service over the lifecycle of each investment – all providing our sponsors with certainty of close and giving them peace of mind. Our team’s deep industry knowledge combined with an obsession for efficiency results in a turnaround time of under 72 hours. This swift response time is just one aspect of our Total Partnership Approach™ – a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions.
How do we go about Making Life Easier™ – which is our slogan and also a registered trademark? The key lies in forging deep partnerships by going well above and beyond what sponsors traditionally have come to expect. We don’t believe in the phrase “good enough.” We push ourselves to create custom financing solutions tailored for each company – deals are started from the ground up, and we work side-by-side with the private equity sponsors we serve during each stage of the transaction life cycle.