IN THE NEWS

SECOND AVENUE CAPITAL PARTNERS ADDS MICHAEL P. RUSSELL AS MANAGING DIRECTOR

BOSTON, Massachusetts – July 19, 2022 – Second Avenue Capital Partners (SACP), a lender specializing in asset-based loans for the broader retail and consumer products industry, announced Michael P. Russell has joined the firm as a Managing Director. Based in the Boston office, Michael’s responsibilities include origination, underwriting, and account/relationship management.

“We’re excited to have Michael join the SACP team,” said Chris O’Connor, President of Second Avenue Capital Partners. “We’ve known him for several years and had the pleasure of working with him on a couple of transactions. Given his background and depth of experience, Mike brings a new perspective to our team which will benefit our clients for years to come. As SACP continues to grow, I know Mike will be a key contributor.”

With more than a decade in the direct lending industry, Mike comes to SACP from SLR Credit Solutions (f/k/a Crystal Financial) where he served as a Managing Director. At SLR, he was responsible for evaluating and structuring new transactions, as well as managing a portfolio of secured debt investments. Prior to SLR, Mike worked at Hercules Capital where he focused on investments in venture-backed life science and technology companies.

“I’m thrilled to join the dynamic, client-centric team at Second Avenue Capital Partners,” Mike said as he reflected on his move. “I’ve seen first-hand how SACP’s deep roots in retail and a true partnership approach result in uniquely tailored, creative financing solutions for the firm’s borrowers. The in-house knowledge at SACP is a differentiator in the market and I look forward to being able to leverage that expertise for my clients, partners, and referral sources.”

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About Second Avenue Capital Partners – Second Avenue Capital Partners, LLC (“SACP”) (www.sacp.com), a Schottenstein Affiliate, specializes in asset-based loans for the broader retail and consumer products industry. Serving middle-market companies, SACP leverages the experience of retail operators, product merchants, and lenders to deliver an array of customized, capital solutions. A 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 seeking capital to effectuate strategy and achieve financial objectives. SACP is headquartered in Boston with additional offices in New York, Columbus, and Los Angeles.

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