Abacus Finance Names New President
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Abacus Finance Names New President

Abacus was co-founded in 2011 by Tim Clifford, who serves as CEO, and Sean McKeever, who has now been appointed President of the firm

Abacus Finance Group, an active cash flow lender to private equity, has promoted Sean McKeever to President from Chief Operating Officer, Greg Scanlon to Senior Associate from Associate, and has hired Jeremy Pak as an Analyst.

Abacus was co-founded in 2011 by CEO Tim Clifford and Mr. McKeever. The New York City-based firm provides cash-flow-based senior financing to private equity-sponsored, lower middle-market companies across a wide range of industries. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. Since Abacus’s founding, it has closed over $3.5 billion in financings.

In December 2024, Abacus received a Small Business Investment Company (SBIC) license and closed its inaugural SBIC fund, Abacus Finance SBIC Fund I LP (Fund I). Abacus will use the new SBIC fund to build on its reputation for supporting U.S.-based lower-middle-market businesses and their financial sponsors.

Mr. McKeever, a founding partner of Abacus and a member of its investment committee, plays a pivotal role in the firm’s investing and fundraising activities. Before joining Abacus, he was a founding partner at Amalgamated Capital and served as a vice president at Churchill Financial. His career also includes being a founding member of the leveraged finance group at Comerica Bank. Mr. McKeever holds an undergraduate degree in business administration from Babson College and an MS in Financial Economics from Boston University.

Mr. Scanlon is active at Abacus in structuring, underwriting, executing, monitoring, and valuing investments. He joined Abacus in 2021 after working as an analyst in MetLife Investment’s Corporate Private Credit Group. Mr. Scanlon holds an undergraduate degree in finance from Rutgers.

Jeremy Pak joined Abacus last month and supports the firm’s investment operations, including structuring, underwriting, executing, monitoring, and valuing investments. Before joining Abacus, Mr. Pak was an analyst in New York City with Sumitomo Mitsui Banking Corporation’s (SMBC) leveraged finance group and began his career as a credit analyst at Charlotte-based Truist. Mr. Pak holds an undergraduate degree in business administration from Washington and Lee University.

“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™,” said Mr. Clifford. “Sean and Greg are key members of what has become one of the strongest investment teams in our industry. Additionally, as we enter our fourteenth year, our team’s experience continues to deepen with hires like Jeremy Pak, making us better prepared than ever to meet our goal of providing our sponsors with the resources to deliver swift and efficient service.”

Abacus is headquartered in New York City and is an affiliate of New York Private Bank & Trust, founded in 1850. The firm has an additional office in Portsmouth, New Hampshire.

© 2025 Private Equity Professional | February 4, 2025

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