SB360 Capital Partners

Investment and operational decisions are led by Stephen G. Miller as CEO, Aaron S. Miller as President and Managing Partner, and Jay Schottenstein as Chairman, supported by an executive team that includes the COO, Siegfried Schaffer, and CSO Joseph Schottenstein. The leadership group combines direct retail operating experience with structured-finance expertise, drawing on the broader Schottenstein family network for deal sourcing and underwriting.

SB360 is an affiliate of the Schottenstein Family of Companies, a group of entities whose heritage dates to Ephraim Schottenstein's first department store in Columbus, Ohio in 1910. The family's principals maintain extensive financial interests across retail, wholesale, licensed brands, commercial real estate, and financial services, with SB360 serving as the operational platform for merchant banking, distressed retail, and asset-based lending activities.

Second Avenue Capital Partners (SACP) is SB360's direct lending arm, providing asset-based credit facilities to companies in retail, consumer products, and the broader supply chain. Recent transactions include a $126 million administrative-agent facility for the acquisition of Mirai Casting Group and $20 million revolving facilities for Tommy John and RUDSAK. SACP allows SB360 to offer financing alongside its advisory and liquidation services, creating a full-suite platform for distressed and transitional situations.

SB360 operates primarily through direct transactions — equity investments, asset-recovery engagements, liquidations, and lending commitments — rather than through third-party fund commitments. Its affiliate Big Cypress Capital allocates capital to thematic private equity, credit, and real estate strategies, which may include external manager relationships, but SB360's core model is principal investing and advisory tied directly to its Schottenstein-affiliated balance sheet.

SB360 focuses on complex retail transitions: store-closing sales, full-chain liquidations, Chapter 11 wind-downs, inventory monetization, and going-concern restructurings. The firm acts as both a service provider — running event sales and auctions — and a principal investor in distressed retail operating companies. Recent examples include managing the francesca's nationwide store-closing sales during its Chapter 11 case and liquidating American Signature stores alongside joint-venture partners.

While retail, wholesale, and consumer products form SB360's core, the firm's principals hold interests in commercial real estate, licensed brands, and financial services. SB360's affiliate Big Cypress Capital also invests across private equity and real estate relative-value themes. The firm's restructuring expertise is most frequently deployed in retail, but its lending arm, SACP, covers the broader consumer supply chain, and its advisory assignments can involve machinery, equipment, and industrial inventory.

SB360's sourcing relies heavily on the Schottenstein family's century-deep relationships across the retail, consumer, and financial-services sectors. The firm is frequently engaged as a joint-venture partner with other specialized liquidation and turnaround firms — such as Hilco Global and Gordon Brothers — and receives direct mandates from bankruptcy courts, lenders, and corporate boards seeking a single provider that can offer both financing and asset-disposition capabilities.