AS IT ENTERS ITS 15TH YEAR, ABACUS FINANCE ANNOUNCES THE PROMOTIONS OF SETH FRIEDMAN AND ERIC PETERSEN TO SENIOR MANAGING DIRECTOR AND GREG SCANLON TO VICE PRESIDENT
New York, NY, January 5, 2026 - Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced the promotions of Seth Friedman and Eric Petersen from Managing Director to Senior Managing Director and Greg Scanlon from Senior Associate to Vice President.
“Seth, Eric, and Greg are key members of what has become one of the strongest investment teams in our industry. As we celebrate our15th year, our team’s experience continues to deepen, making us better prepared than ever to meet our goal of providing our sponsors with resources that deliver swift and efficient service,” said Tim Clifford, Abacus CEO and Founding Partner. “Their promotions reflect our long-standing commitment to fostering professional growth as we continue building an organization that delivers exceptional results for clients and stakeholders. The strength of our investment team and our ability to move quickly are important aspects of why clients can Count on Us™ and the effectiveness of our Total Partnership Approach™.”
Seth Friedman joined Abacus in 2019 as a Managing Director. He serves as an Investment Committee Member of the SBIC and leads the capital formation efforts for the firm. He has over 25 years of investment experience in leveraged finance and investment banking in the lower middle market.
Seth was previously a Managing Director at GB Capital, LLC, where he led the firm’s lower middle market business development efforts. Prior to GB Capital, he spent over five years as a Managing Director at RLJ Credit Management, LLC, leading the firm’s originations efforts. Prior to RLJ Credit, Seth co-founded Perseus Finance, LLC and served as a Managing Director. Before that, he worked at MetLife Investments as an Associate Director in the Mezzanine Equity Finance Group, principally focused on sourcing, underwriting, executing, and monitoring direct mezzanine and equity co-investments, as well as fund investments.
Earlier in his career, Seth worked at The 1818 SBIC Fund of Brown Brothers Harriman & Co., worked as an investment banker with Mesirow Financial, and was employed as a Credit Analyst in the Leveraged Finance Group at LaSalle Bank, NA. He holds a BS from the University of Wisconsin at Madison.
Eric Petersen, who joined Abacus in 2013, serves as an Investment Committee Member and CFO of the SBIC Fund and leads the business development efforts for the firm.
Eric previously worked within the Leveraged Finance group at BNP Paribas, with prior private equity backed operational experience with Chromalloy and GE Energy - Power & Water. Prior to transitioning to the private sector, he spent over 14 years as a Naval Officer and F/A-18 Fighter Pilot with multiple roles across operations, maintenance, and as an instructor.
Eric 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.
Greg Scanlon, who joined Abacus in 2021, is involved, as an investment team member, with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Previously, he was an analyst within MetLife Investment’s Corporate Private Credit Group. Greg earned a BS in Finance from Rutgers Business School.
About Abacus Finance Group, LLC
Abacus Finance Group, LLC (including its subsidiaries and affiliates, together “Abacus”) is a leading asset management firm specializing in private credit solutions to the lower middle market. Since Abacus’s inception in 2011, it has closed over $3.5 billion in financings. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $2 million and $15 million. The firm is headquartered in New York City and maintains a second office in Portsmouth, New Hampshire. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.
Abacus Finance is located at 22 Vanderbilt Avenue, Suite 6H, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-462 or cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
Total Partnership Approach™ (TPA), a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge, a turnaround time of under 72 hours, and exceptional client service over the lifecycle of each investment – all in all, a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions. We encourage sponsors to Count on Us™ because of the deep partnerships we forge by going well above and beyond what they traditionally have come to expect. We don’t believe in the phrase “good enough” – we push ourselves to create custom financing solutions specifically tailored for each transaction.