SETH FRIEDMAN OF ABACUS FINANCE GROUP APPOINTED TO SBIA BOARD OF GOVERNORS AS NORTHEAST REGIONAL CHAIR
Managing Director to Advance Small Business Investment
Across United States Through Leadership Role
New York, NY, December 15, 2025 - The Small Business Investor Alliance (“SBIA”) announced the appointment of Seth Friedman, Managing Director of Abacus Finance Group, LLC, to its Board of Governors. Mr. Friedman will serve as the Northeast Regional Chair, representing the interests of small business investment companies throughout the region.
"I'm honored to serve as the Northeast Regional Chair and to help advance SBIA's mission of strengthening small business investment across the United States," said Mr. Friedman, who brings more than 25 years of dedicated experience supporting U.S. small businesses through leveraged finance and investment banking in the lower middle market. Having joined Abacus Finance in 2019 as a Managing Director, he currently leads capital formation efforts and serves as an Investment Committee Member of the firm's SBIC fund.
Throughout his distinguished career, Mr. Friedman has held senior positions at GB Capital, LLC, RLJ Credit Management, LLC, and co-founded Perseus Finance, LLC. He previously worked at MetLife Investments, Brown Brothers Harriman's 1818 SBIC Fund, Mesirow Financial, and LaSalle Bank. Mr. Friedman earned a Bachelor of Science degree from the University of Wisconsin.
In October, Abacus Finance Group announced the successful final closing of its SBIC Fund I at $262.5 million, achieving its hard cap. This milestone underscores Abacus Finance's continued commitment to supporting small businesses across the United States.
The SBIA represents Small Business Investment Companies (SBICs) licensed by the U.S. Small Business Administration, which provide critical growth capital to American small businesses.
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 $3 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.