Abacus Finance Group, a provider of senior debt for sponsor-led buyouts of companies, has made three promotions. Joseph Lee is now vice president while Jacob Wise and Austin Rendell have become associates.
New York, NY, Jan. 11, 2021 – Now celebrating its tenth anniversary, Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced three promotions that are effective immediately:
Joseph Lee – from Senior Associate to Vice President
Jacob Wise –from Analyst to Associate, and
Austin Rendell – from Analyst 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, 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™.”
Joseph Lee joined Abacus Finance in 2014 as an analyst and works as part of the investment team in structuring, underwriting, executing, monitoring, and valuing investments for the firm. Previously, he was an Analyst at GE Capital and began his career at General Electric in the financial management program. Joseph earned a B.S. in Accountancy and Finance from the University of Illinois at Urbana-Champaign.
Jacob Wise joined Abacus Finance in 2019 as an Analyst and works as part of the investment team in the structuring, underwriting and execution of new investments. He also performs various portfolio monitoring and valuation roles. Previously, he was an Analyst at BMO Capital Markets in its Leveraged Finance group. Jacob earned a BBA from the Ross School of Business at the University of Michigan.
Austin Rendell, who joined Abacus Finance in 2019 as an Analyst, works as part of the investment team in the structuring, underwriting, and execution of new investments. He also performs various portfolio monitoring and valuation roles. Previously, he was an Analyst at BMO Harris Bank in its Food & Consumer group. Austin earned a BS from the McDonough School of Business at Georgetown University.
About Abacus Finance Group, LLC
Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity/family office-sponsored, lower-middle market companies across diverse industries. Since Abacus’s inception in 2011, it has closed over $2 billion in financings. The firm targets private debt financing opportunities of up to $50 million and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust which was founded in 1850.