Curated News
By: NewsRamp Editorial Staff
June 05, 2025

SACP Announces Leadership Transition and Promotions

TLDR

  • Second Avenue Capital Partners' leadership transition offers a strategic advantage by promoting experienced founding members to key roles, ensuring continuity and growth in the competitive finance sector.
  • SACP's leadership restructuring involves promoting founding members to head origination, investments, and strategy, supported by SB360 Holdings' oversight, to maintain operational excellence and strategic direction.
  • The leadership transition at Second Avenue Capital Partners strengthens its commitment to partnership-driven lending, fostering a better financial ecosystem for middle-market borrowers and the broader community.
  • Discover how Second Avenue Capital Partners' founding members are stepping into expanded roles, blending experience and innovation to shape the future of flexible capital solutions.

Impact - Why it Matters

This leadership transition at Second Avenue Capital Partners signifies a new chapter for the firm, ensuring continuity and growth in its mission to provide flexible capital solutions to the retail and consumer sectors. For stakeholders and middle-market borrowers, this means SACP remains a reliable partner with a strong leadership team poised to drive innovation and maintain the firm's reputation for excellence in asset-based lending.

Summary

Second Avenue Capital Partners (SACP), a specialty finance affiliate of SB360 Holdings, has announced a significant leadership transition with the retirement of President Chris O’Connor, effective May 31, 2025. O’Connor's tenure was marked by the firm's success and the establishment of strong relationships within the client and lending community. In response, SACP has promoted four key individuals to new leadership roles, including three founding members: Michael Sullivan as Head of Originations and Corporate Growth, Mark Gallivan as Head of Investments and Operations, Andrew Prunier as Head of Portfolio Team and Strategy, and Michael Russell as Head of Deal Execution. Aaron Miller, President and Managing Partner of SB360 Holdings, will continue to oversee all SB360 verticals, ensuring strategic direction and identifying opportunities across the Schottenstein platform. These leaders have been pivotal in shaping SACP into a leading provider of flexible capital solutions in the retail and consumer sectors.

The transition underscores SACP's commitment to its founding principles of partnership-driven lending, disciplined execution, and innovative capital solutions for middle-market borrowers. The firm's experienced team, with deep expertise in lending and underwriting, remains central to its performance and reputation. Aaron Miller expressed confidence in the new leadership team, highlighting their integral role in the firm's vision and success. Joseph Schottenstein and Chris O’Connor also shared their optimism for SACP's future, emphasizing the strength of the team and the firm's solid foundation. SACP continues to specialize in asset-based loans for the retail and consumer products industry, offering tailored financial solutions that address the unique needs of middle-market companies. Learn more at sacp.com.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, SACP Announces Leadership Transition and Promotions

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