As It Begins its Thirteenth Year, Abacus Finance Announces Promotions
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As It Begins its Thirteenth Year, Abacus Finance Announces Promotions

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

Abacus Finance Group has announced the promotions of Joseph Lee to senior vice president and Austin Rendell to vice president. In addition, the firm has hired Matthew Campanella as an analyst.

As an investment team member, Mr. Lee, who joined Abacus in 2014, is involved with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Before joining Abacus, he was an analyst at GE Capital. Mr. Lee has his undergraduate degree in accounting and finance from the University of Illinois.

Mr. Rendell, who joined Abacus in 2019 as an analyst, works as part of the investment team in structuring, underwriting. and executing new investments; and he also performs various portfolio monitoring and valuation roles. Before joining Abacus, he was an analyst in the food and consumer group at BMO Harris Bank. Mr. Rendell has his undergraduate degree from the McDonough School of Business at Georgetown University.

As an analyst with Abacus, Mr. Campanella will be active as an investment team member in structuring, underwriting, executing, monitoring, and valuing investments for the firm. He has his undergraduate degree in economics from Boston College.

“We are especially proud of the accomplishments of Joe and Austin as members of what has become one of the most experienced investment teams in our industry. As we enter our thirteenth year, that experience continues to deepen, and we are better prepared than ever to meet our goal of providing our sponsors with the talent and resources that will deliver swift and efficient service,” 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™.”

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. Since Abacus’s founding in June 2011, it has closed over $3 billion in financings. Abacus, led by Mr. Clifford, is headquartered in New York City and is an affiliate of New York Private Bank & Trust which was founded in 1850.

© 2024 Private Equity Professional | January 25, 2024

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