Abacus Finance Group, LLC, a provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, announced the hiring of Seth I. Friedman as a Managing Director and Austin Rendell as an Analyst. This follows last week’s announcement of the promotion of Eric Petersen to Director and the hiring of Jacob Wise as an Analyst.

“Both of these announcements reflect our continuing commitment to creating the deepest investment team serving sponsors in the lower-middle market sector,” said Tim Clifford,  and CEO of Abacus. “These investment professionals will be valuable additions to what is a proven team whose collective ability is an important aspect of Making Life Easier™ through our Total Partnership Approach™.” 

Seth Friedman is an experienced cash-flow lender to lower-middle market companies in support of leveraged buyouts, recapitalizations, and growth financings across a broad range of industries. Previously, he served as a Managing Director at both GB Capital and RLJ Credit Management and was Co-Founder and Managing Director of Perseus Mezzanine Partners. Earlier experience included positions at MetLife Investments, Brown Brothers Harriman, Mesirow Financial, and LaSalle Bank. Seth earned a Bachelor of Science degree at the University of Wisconsin.

Austin Rendell, who joins Abacus as an analyst, works as part of the investment team structuring, underwriting and executing new investments. He also performs various portfolio monitoring and valuation tasks. Previously, he was a Financial Analyst with BMO Harris Bank’s Food & Consumer Group, which provides senior debt financing to middle-market companies in the food sector. Austin earned a Bachelor of Science in Business Administration with majors in finance and marketing from Georgetown University. Northeast Bank Announces Appointment of Salvatore Salzillo as Senior Vice President, Business Development