Second Avenue Capital Partners (SACP), a lender specializing in asset-based loans for the broader retail and consumer products industry, announced Eric Luukko has joined the firm as a Managing Director. Based in the Boston office, Luukko’s portfolio will be wide-ranging and include detailed due diligence, collateral oversight, and loan operations for SACP.

“The addition of Eric will further advance our ability to help clients achieve their financial objectives through flexible capital solutions,” said Chris O’Connor, President of Second Avenue Capital Partners. “We’re currently focused on steering our clients through recovery from extraordinary market challenges, and we know Eric will play a meaningful role in that endeavor. We are delighted to welcome him to our team. He will be an integral part of the continued success of SACP.”

Luukko brings with him more than 20 years of experience in the financial services industry. Before joining SACP, he served as a Managing Director with Clear Thinking Group where he was engaged in a wide variety of financial consulting assignments including several pertaining to bankruptcy. Previously, Luukko held the position of Vice President with Rockland Trust, Webster Bank, and Gordon Brothers Finance Corp.

Luukko began his career in retail at the Thom McAn Shoe Company. While at Thom McAn he advanced through roles of increasing responsibility in the IT and Finance areas.

Commenting on his new position with SACP, Luukko said, “This is an exciting time in the ABL industry, and I am very pleased to be part of a growth-oriented asset-based finance company. It’s also great to rejoin Chris O’Connor whom I previously worked with for more than 10 years.”