Abacus Finance Group LLC, a provider of cash flow-based, classic senior debt for sponsor-led buyouts, has promoted Eric Petersen to managing director, Rafal Rydzewski to senior vice president and Austin Rendell to senior associate.
Petersen joined Abacus in 2013 and leads the firm’s structuring, underwriting, executing and valuing of investments. Before Abacus, he served with the leveraged finance group with BNP Paribas. Additionally, Petersen served with the U.S. Navy for over 14 years.
Rydzewski joined the firm in 2014 and focuses on the investment team. He began his career with PricewaterhouseCoopers‘ global structuring team before moving on to the BNP Paribas’ merchant banking group.
Rendell has worked as an analyst with the firm since 2019 and also works as a part of the investment team in portfolio monitoring and valuation roles. Before joining Abacus, Rendell worked as an analyst with MBO Harris Bank.
“Now in our eleventh year, we are especially proud of the accomplishments of what has become one of the most experienced investment teams in our industry,” stated Tim Clifford, president and CEO of Abacus. “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.”