Plus Funding Group (PFG) announced the addition of Frank Mancini as Senior Vice President, as part of the continued buildout of its platform. Mr. Mancini will be responsible for its new business development, underwriting prospective clients and portfolio management. PFG is a five-year-old specialty finance company located in White Plains, NY that provides a wide range of factoring and other asset-based lending solutions, and is owned by an affiliate of Downtown Capital Partners.

Mr. Mancini was recently the Head of Underwriting at Happy Rock Merchant Solutions and was previously the Head of Underwriting and Risk Management at CapFlow Funding Group. Before this, Mr. Mancini served as Vice President at Whitecap Advisers a $500 million alternative credit finance hedge fund and started his career at GE Capital as a field examiner auditing middle market transactions. In addition to these roles, he was also a Business Unit Controller for High Yield Secondary Bonds at UBS Investment Bank.

Rob Blum, PFG’s Chairman, stated that “Frank brings twenty years of asset-based lending and factoring experience to our growing organization. His skills and contacts are a perfect fit for the flexible range of financing we are able to provide. We are excited to have Frank on board and look forward to his helping us continue the development of PFG and our client base."