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 promotion of Eric Petersen to Director and the hiring of Jacob Wise as an Analyst.

“We continue to broaden our investment team, always with the goal of providing our sponsors with deep talent and the kind of resources that will provide swift and efficient service and give them peace of mind,” said Tim Clifford, President and CEO of Abacus. “The depth of our investment team and our ability to move quickly are important aspects of Making Life Easier™ through our Total Partnership Approach™.” 

Eric Petersen, who joined Abacus in 2013, is involved with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Eric previously worked as an Associate in the leveraged finance group at BNP Paribas and also worked with GE Energy in corporate development. Prior to transitioning to the private sector, he spent over 14 years as a Naval Officer and an F/A-18 Fighter Pilot. He holds a BS in English from the United States Naval Academy, an MS in Quantitative and Computational Finance from the Georgia Institute of Technology, and an MBA from the University of Southern California. 

Jacob Wise, an analyst, joined Abacus Finance in March 2019 and 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 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.