New York-based specialty lender Abacus Finance Group has promoted Robby Abraham to vice president and Song Pettus to senior associate. Prior to joining Abacus, Abraham worked at York Street Capital Partners and H.I.G. Capital while Pettus did stints at Churchill Financial and PricewaterhouseCoopers’ Diamond Advisory Services.
NEW YORK, NY, January 7, 2014 – Abacus Finance Group, LLC (Abacus), a New York-based specialty lending company dedicated to providing cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it has closed on $350 million in new loan commitments since its launch in June of 2011.
“From the very beginning, we believed that a successful leveraged lending business that is national in scope could be built by supporting the growth of private equity investments in lower-middle market companies,” said Tim Clifford, President and CEO of Abacus. “Three factors have contributed to our steady growth and reputation as a reliable partner – our exclusive focus on the lower-middle market, a singular expertise in tailoring cash-flow senior debt solutions, and a passionate commitment to client service. Above all, we are proud of having built a brand and a reputation among private equity sponsors for delivering on what we promise.”
The firm’s growth and expansion is tied directly to the quality of the investment team it has attracted, and today Abacus is pleased to announce two staff promotions:
· Robby Abraham has been promoted to Vice President, and
· Song Pettus has been promoted to Senior Associate.
Mr. Abraham joined Abacus Finance in October of 2011 as a Senior Associate on the investment team, responsible for structuring, underwriting and executing new investments. Previously, he was a Senior Associate with York Street Capital Partners and an Associate with H.I.G. Capital. He began his career as a Financial Analyst with the leveraged finance group at Bank of America Merrill Lynch. Mr. Abraham earned a B.S. in Finance and Accounting from the Leonard N. Stern School of Business at New York University.
Mr. Pettus joined Abacus Finance in January of 2012 as an Associate and works as part of the investment team in structuring, underwriting and executing new investments. He also performs various portfolio monitoring and valuation roles. Previously, he was an Associate at Churchill Financial LLC and PricewaterhouseCoopers’ Diamond Advisory Services. He began his career as a consultant at FTI Consulting in its Corporate Finance and Restructuring Group. Mr. Pettus earned a B.B.A. in Finance and International Business from the University of Kentucky.
About Abacus Finance Group, LLC
Abacus Finance, headquartered in New York, NY, is a specialty lending company, focused on providing cash-flow senior financing to private equity-sponsored, lower-middle market companies nationwide. Formed in June 2011, Abacus targets debt financing opportunities of up to $50 million with a typical hold size ranging from $10 million to $25 million, and the companies it finances generally have EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust, the holding company for Emigrant Bank, which was founded in 1850.
Abacus is headquartered at 6 East 43rd Street, 20th Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-4620 or to [email protected] Visit abacusfinance.com for more information.
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