Abacus Begins 2021 with Three Promotions

Abacus Finance Group has announced the promotions of Joseph Lee to senior associate, and Jacob Wise and Austin Rendell to associate.

“We begin 2021 celebrating Abacus’s tenth anniversary. As the experience of our investment team continues to deepen, we are better prepared to meet our goal of always providing our sponsors with the talent and resources that will deliver swift and efficient service and give them peace of mind,” said Tim Clifford, the president and CEO of Abacus. “The strength of our investment team and our ability to move quickly are important aspects of why they can Count on Us™ and the effectiveness of our Total Partnership Approach™.”

Mr. Lee is active at Abacus structuring, underwriting, executing, monitoring, and valuing investments for the firm. Before joining Abacus as an analyst in 2014, he was an analyst at GE Capital and he began his career at General Electric in the company’s financial management program. Mr. Lee has his undergraduate degree in accountancy and finance from the University of Illinois.

Mr. Wise joined Abacus in 2019 as an analyst and works as part of the firm’s investment team in structuring, underwriting and executing new investments. He is also active in the monitoring and valuation of Abacus’ portfolio investments. Before joining Abacus, he was an analyst in the leveraged finance group of BMO Capital Markets.

Mr. Rendel works as part of Abacus’ investment team in the structuring, underwriting, and execution of new investments. He is also active in the monitoring and valuation of Abacus’ portfolio investments. Before joining Abacus as an analyst in 2019, he was an analyst at BMO Harris Bank in its food and consumer group. Mr. Rendel has his undergraduate degree from the McDonough School of Business at Georgetown University.

Abacus provides cash flow-based senior financing to private equity and family office-sponsored, lower-middle market companies that have EBITDA between $3 million and $15 million. Debt facilities can be as large as $50 million with a typical hold size ranging from $10 million to $40 million.

Abacus’ Total Partnership Approach, referred to earlier in this article, is its operating strategy that merges its cash-flow financing expertise, deep industry knowledge and client service capabilities to give its private equity and family office-sponsors the certainty of close and transactional peace of mind.

Since its founding in June 2011, Abacus has closed over $2 billion in financings. The firm is headquartered in New York and is an affiliate of New York Private Bank & Trust which was founded in 1850.

© 2021 Private Equity Professional | January 12, 2021

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