Abacus Finance Group promoted Eric Petersen from director to managing director, Rafal Rydzewski from vice president to senior vice president and Austin Rendell from associate to senior associate.
“Now in our 11th year, we are especially proud of the accomplishments of what has become one of the most experienced investment teams in our industry. As that experience 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,” Tim Clifford, president and CEO of Abacus Finance Group, said. “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.”
As an investment team member, Petersen, who joined Abacus Finance Group in 2013, leads structuring, underwriting, executing, monitoring and valuing investments for the firm. Petersen previously worked within the leveraged finance group at BNP Paribas, with prior operational experience with Chromalloy and GE Energy’s power and water division. Prior to transitioning to the private sector, he spent more than 14 years as a naval officer and F/A-18 fighter pilot with multiple roles across operations and maintenance and as an instructor.
Rydzewski, who joined Abacus Finance Group in 2014, is involved as an investment team member with structuring, underwriting, executing, monitoring and valuing investments for the firm. He was previously an analyst with BNP Paribas’ merchant banking group. He began his career with PricewaterhouseCoopers’ global structuring team.
Rendell, who joined Abacus Finance Group in 2019 as an analyst, works as part of the investment team in structuring, underwriting and executing new investments. He also performs various portfolio monitoring and valuation roles. Previously, he was an analyst at BMO Harris Bank in its food and consumer group.
Abacus Finance Group is a provider of cash flow-based senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA.
