Frank Mancini joins Plus Funding Group as Senior Vice President
Plus Funding Group (“PFG”) is pleased to announce the addition of Frank Mancini as Senior Vice President, as part of the continued buildout of its platform. Mr. Mancini will be responsible for its new business development, underwriting prospective clients and portfolio management. PFG is a five-year-old specialty finance company located in White Plains, NY that provides a wide range of factoring and other asset-based lending solutions, and is owned by an affiliate of Downtown Capital Partners.
Mr. Mancini was recently the Head of Underwriting at Happy Rock Merchant Solutions and was previously the Head of Underwriting and Risk Management at CapFlow Funding Group. Before this, Mr. Mancini served as Vice President at Whitecap Advisers a $500MM alternative credit finance hedge fund and started his career at GE Capital as a field examiner auditing middle market transactions. In addition to these roles, he was also a Business Unit Controller for High Yield Secondary Bonds at UBS Investment Bank.
Rob Blum, PFG’s Chairman, stated that “Frank brings twenty years of asset-based lending and factoring experience to our growing organization. His skills and contacts are a perfect fit for the flexible range of financing we are able to provide. We are excited to have Frank on board and look forward to his helping us continue the development of PFG and our client base”.
Plus Funding Group
Senior Vice President
360 Hamilton Ave., Suite 1110
White Plains, NY 10601
About Plus Funding Group:
Headquartered in White Plains, NY, PFG is engaged in the commercial factoring business. The company offers accounts receivable financing, purchase order, production financing (work in progress) and lines of credit to its clients. The company generates revenues and earnings primarily through the purchase and collection of receivables.
About Downtown Capital Partners:
DCP is an alternative asset based lender serving lower middle-market companies, real estate projects, and high net worth individuals. Since its launch in 2010, DCP has closed and funded over 35 transactions representing close to $400 million in loans. DCP is affiliated with Downtown Family Advisors (DFA), a family office based in White Plains, New York that manages a wide range of public, private, and real estate investments.