INDUSTRY VETERAN ERIC LUUKKO JOINS SECOND AVENUE CAPITAL PARTNERS AS MANAGING DIRECTOR

BOSTON, Massachusetts – October 6, 2020 – Second Avenue Capital Partners (“SACP”), a lender specializing in asset-based loans for the broader retail and consumer products industry, is pleased to announce Eric Luukko has joined the firm as a Managing Director. Based in the Boston office, Eric’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.”

Eric 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, Eric held the position of Vice President with Rockland Trust, Webster Bank, and Gordon Brothers Finance Corp.

Eric 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, Eric 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.”

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About Second Avenue Capital Partners LLC – Second Avenue Capital Partners, LLC (www.sacp.com), a Schottenstein Affiliate, is a finance company specializing in asset-based loans for the broader retail and consumer products industry. Focused on serving middle-market companies, SACP leverages the experience of retail operators, product merchants, and lenders to provide an array of customized, capital solutions for businesses. This unique merchant perspective gives SACP the ability to recognize and unlock value in assets other capital providers often overlook or do not understand. The firm’s tailored financial solutions are a vital resource for clients as they seek the capital necessary to effectuate strategy and achieve financial objectives. Headquartered in Boston, Second Avenue Capital Partners also has offices in New York, Columbus, and Los Angeles.