BNET Industries

Last Fiscal Year Sales:$37.5M
  • Private
  • US
Dow Jones Description

Ableco Finance LLC is an opportunistic lending company, formed by the management of Cerberus Capital Management, L.P. and Gabriel Capital Group, investing in leveraged buyouts and leveraged "roll-ups", bridge loans, recapitalizations, refinancing, debt restructurings, acquisitions and Chapter 11 reorganizations, including debtor-in-possession and exit financing.

Chief Executive Officer
Stephen A. Feinberg
Number of Employees 174
Contact Information

299 Park Ave

New York, New York 10171

ablecofinance.c...

(212) 891-1550

NAICS Code Miscellaneous Intermediation: 523910

News & Analysis

ableco finance llc - All News and Analysis

Decision Makers

Name (plus bio) Position
Stephen A. Feinberg Chief Executive Officer
Daniel E Wolf President
Jeffrey L Lomasky Senior Vice President, Chief Financial Officer
Joseph Naccarato Senior Vice President, Chief Credit Officer
Mark Neporent Chief Operating Officer
Alexander J Ornstein Senior Vice President
Eric F Miller Senior Vice President of Cerberus Capital Management, L.P
Gerald M. Daniello Senior Vice President
Paul Lusardi Senior Vice President
Seth D Fink Senior Vice President
Timothy D Fording Senior Vice President
Arthur Martini Assistant Vice President of Cerberus Capital Management, L.P.
Janet Silverman Vice President
Jay Rogers Vice President
John T Trieu Assistant Vice President
Jonathan A Malkin Vice President of Cerberus Capital Management, L.P and Ableco Finance Llc
Ken J Kohrs Vice President
Kevin S McLeod Vice President
Michael Audino Vice President
Peter Eschmann Vice President of Ableco and Cerberus
Rafael N Castro Assistant Vice President
Samuel L Goldworm Vice President
Keith R Read Managing Director, Cerberus Capital Management, L.P.
Kevin P Genda Managing Director of Cerberus Capital Management, L.P.
David W Pogoda Associate
Rodney Reid

Stephen A. Feinberg is the Senior Managing Director of Cerberus Capital Management, L.P. and the Chief Executive Officer of Ableco Finance LLC. Mr. Feinberg founded the management group in December 1992. He also founded or co-founded Cerberus Partners, L.P., and other affiliated funds. Mr. Feinberg began his career at Drexel Burnham where he was actively involved in trading large pools of firm capital. From 1985 to 1992 after leaving Drexel, he managed separate pools of capital for Gruntal & Co. and a small number of other accounts. Mr. Feinberg is a graduate of Princeton University. (212-421-2600)

Organization Position Status
Ableco Finance LLC Chief Executive Officer Current
Cerberus Capital Management, L.P. Chief Executive Officer & Senior Managing Director Current
GMAC Suisse Sa Board of Directors Current
Ableco Finance LLC Senior Managing Director of Cerberus Capital Management, L.P. Former
Cerberus Capital Management, L.P. Founder Former
Drexel Burnham Lambert Inc. Trader Former
Gruntal & Co. Trader Former
Princeton University Bachelor's Degree, Politics Former

Organization Position Status
Ableco Finance LLC President Current
Cerberus, Inc. Current
Ableco Finance LLC Senior Vice President Former
Federal Reserve Bank of Boston Analyst Former
Irving Trust Company Former
Columbia Business School MBA Former
Drew University Former

Organization Position Status
Ableco Finance LLC Senior Vice President, Chief Financial Officer Current
Drexel CFO Former
Ableco Finance LLC Chief Financial Officer and Managing Director of Cerberus Capital Management, L.P. Former
Baruch College Former

Joseph Naccarato is a Managing Director of Cerberus Capital Management, L.P. and a Senior Vice President-Chief Credit Officer of Ableco Finance LLC. Prior to joining the Company, Mr. Naccarato was a Vice President and Senior Credit Officer at Bank of America Commercial Funding, where he was responsible for managing all aspects of credit relating to a loan portfolio consisting of over 75 middle market asset-based credit facilities. In addition, Mr. Naccarato spent nearly three years at The CIT Group, one of the nation's premier asset-based lenders, gaining experience as an analyst, field examiner, and assistant account executive. Mr. Naccarato is a graduate of SUNY Oneonta and is a Certified Public Accountant. (212-909-1455)

Organization Position Status
Ableco Finance LLC Senior Vice President, Chief Credit Officer Current
Ableco Finance LLC Managing Director of Cerberus Capital Management, L.P. Former
Ableco Finance LLC Credit Officer Former

Organization Position Status
Ableco Finance LLC Chief Operating Officer Current
Ableco Finance LLC Senior Vice President Current
SSA Global Technologies, Inc. Board of Directors Current
Schulte, Roth & Zabel LLP partner Former

Organization Position Status
Ableco Finance LLC Senior Vice President Current
Ableco Finance LLC Managing Director of Cerberus Capital Management, L.P. Former
Schulte, Roth & Zabel LLP associate Former
Schulte Roth & Zabel LLP Attorney Former
Hofstra University Law School Former
Columbia College Former

Organization Position Status
Ableco Finance LLC Senior Vice President of Cerberus Capital Management, L.P Current
Ableco Finance LLC Director of Marketing Current
LTD Management Company Former
The CIT Group/Business Credit Former
Syracuse University Former

Gerald M. Daniello is a Managing Director of Cerberus Capital Management, L.P. and a Senior Vice President of Ableco Finance LLC. Prior to joining Cerberus and Ableco in 2003, Mr. Daniello was a Managing Director of Business Development and Portfolio for a Strategic Alternative Investment Group of GE Capital where he was responsible for a $2 billion portfolio of equity, distressed debt and leveraged debt. Previously, Mr. Daniello ran the New England Corporate Finance Group at Chase Manhattan Bank where he was responsible for a $4 billion portfolio of leveraged and non-leveraged cash flow and asset-based loans to middle market companies. He is a graduate of Lafayette College and received an MBA from Temple University. (212-284-7810).

Organization Position Status
Ableco Finance LLC Senior Vice President Current
Cerberus Capital Management, L.P. Managing Director Current
Cerberus, Inc. Current
Ableco Finance LLC President Former
Alternative Investment Group Managing Director of Business Development Former
General Electric Capital Corporation Managing Director of Business Development Former
Temple University MBA Former
Lafayette College Former

Paul Lusardi is a Senior Vice President of Cerberus Capital Management, L.P. and Ableco Finance LLC. Prior to joining the Management Company, Mr. Lusardi was an Assistant Vice President at Bank of America Commercial Funding, where he was an Account Executive responsible for managing an asset based loan portfolio of middle market retail, manufacturing, and distribution companies. Mr. Lusardi previously worked at The CIT Group, one of the nation's premier asset-based lenders, gaining experience as an Assistant Account Executive. Mr. Lusardi is a graduate of Lehigh University. (212-909-1426)

Organization Position Status
Ableco Finance LLC Senior Vice President Current

Seth D. Fink is a Senior Vice President of Cerberus Capital Management, L.P. and Ableco Finance LLC. Prior to Joining the Management Company, Mr. Fink was a Senior Analyst at Sumitomo Bank, where he analyzed cash flow-driven leveraged transactions. In addition, Mr. Fink spent four years with Credit Lyonnais Securities, where he most recently served as the Operating Treasurer, managing the security firm's fixed income portfolio. While at Credit Lyonnais, Mr. Fink helped develop the institution's High Yield Department and specialized in investing in high yield subordinate debt. He is a graduate of Washington University in St. Louis and received his MBA from New York University, Stern School of Business. (212-891-2135)

Organization Position Status
Ableco Finance LLC Senior Vice President Current
Washington University Former

Organization Position Status
Ableco Finance LLC Senior Vice President Current
Congress Financial Corporation Former
Georgetown University Former

Arthur Martini is an Assistant Vice President of Cerberus Capital Management, L.P. and an Assistant Vice President of Ableco Finance LLC. Prior to joining the Management Company in 2002, Mr. Martini spent two years as an associate and one year as an analyst in the investment banking department at JP Morgan Chase & Co., providing investment banking services to companies in the telecommunications, media and emerging technology sectors. Prior to that, Mr. Martini spent two years as an analyst in the restructuring and recovery group at Chase Manhattan Bank. Mr. Martini is a 1998 graduate of New York University. (212-891-2119).

Organization Position Status
Ableco Finance LLC Assistant Vice President of Cerberus Capital Management, L.P. Current
JPMorgan Chase & Co. Analyst Former

Organization Position Status
Ableco Finance LLC Vice President Current
General Electric Capital Corporation Vice President Former
Bank of Montreal Former

Organization Position Status
Ableco Finance LLC Vice President Current
Loftus Group Former
Georgetown University MBA Former
University of Colorado at Boulder Former

Organization Position Status
Ableco Finance LLC Assistant Vice President Current
Ableco Finance LLC Associate Former
Providential Holdings, Inc. Analyst Former
University of California, Los Angeles B.A. In Economics Former

Jonathan A. Malkin is a Vice President of Cerberus Capital Management, L.P and a Vice President of Ableco finance LLC. Prior to joining Cerberus and Ableco, Mr. Malkin was an executive director in CIBC World Markets leveraged Finance Group. From 1999-2005, Mr. Malkin was responsible for private placements, primarily focused on structuring and distributing leveraged loans, mezzanine financings, private equity and structured finance products (CDO's). Prior to this, Mr. Malkin worked in CIBC's loan group, where he was an analyst for new investments and credit management. He is a graduate of Brandeis University.

Organization Position Status
Ableco Finance LLC Vice President of Cerberus Capital Management, L.P and Ableco Finance Llc Current

Ken J. Kohrs is a Vice President of Cerberus Capital Management, L.P. and Ableco Finance LLC. Prior to joining the Management Company, Mr. Kohrs was an Assistant Vice President at Wells Fargo Business Credit, where he was an Account Executive responsible for managing an asset based loan portfolio of middle market retail, manufacturing, and distribution companies. Mr. Kohrs is a graduate of Syracuse University. (212-909-1472)

Organization Position Status
Syracuse University Former
Wells Fargo Business Credit Inc. Assistant Vice President Former

Kevin S. McLeod is a Vice President of Cerberus Capital Management, L.P. and Ableco Finance LLC. Prior to joining the Management Company, Mr. McLeod managed the Leveraged Finance Origination and Execution activities at CIBC World Markets. While at CIBC World Markets Mr. McLeod originated, structured and executed transactions involving high yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking investments. Previously, Mr. McLeod worked as an aerospace engineer for the Pratt & Whitney Division of United Technologies Corp. Mr. McLeod earned an M.B.A. Degree from the University of Chicago and a B.S. Degree in Mechanical Engineering from Worcester Polytechnic Institute. (212-739-1213)

Organization Position Status
Ableco Finance LLC Vice President Current

Michael Audino is a Vice President of Cerberus Capital Management, L.P. and Ableco Finance LLC. Prior to joining Cerberus, Mr. Audino was a Vice President at Allied Capital where he was responsible for underwriting and structuring middle market leveraged loans in a variety of industries. Previously, Mr. Audino worked at Babson Capital Management's Bank Loan Group where he was responsible for underwriting and managing a portfolio of broadly syndicated and middle market leveraged loans. Mr. Audino received his MBA from Fordham Graduate School of Business and his BS from Villanova University. (646-885-3460)

Organization Position Status
Ableco Finance LLC Vice President Current
Allied Capital Corporation Vice President Former
Villanova University BS Former

Organization Position Status
Ableco Finance LLC Vice President of Ableco and Cerberus Current
Cerberus, Inc. Vice President Current
Boston College BS Former

Organization Position Status
Ableco Finance LLC Assistant Vice President Current
LabMorgan Corporation Associate Former
Columbia Business School MBA Former
Harvard University Ab Former

Organization Position Status
Salomon Brothers analyst Former
Columbia Business School MBA Former
Denison University BA Former

Organization Position Status
Ableco Finance LLC Managing Director, Cerberus Capital Management, L.P. Current

Organization Position Status
Ableco Finance LLC Managing Director of Cerberus Capital Management, L.P. Current
Ableco Finance LLC Board of Directors Current
The CIT Group/Business Credit Analyst Former
Huntington Holdings Inc Analyst Former
Cerberus, Inc. Former
Yale University Former

Organization Position Status
Ableco Finance LLC Associate Current
The Goldman Sachs Group, Inc. Summer Analyst Former

Organization Position Status
Ableco Finance LLC Current
Wachovia Capital Partners Summer Associate Former
Harvard Business School MBA Former
The University of Georgia BBA Former

Executive News

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