DALLAS--(BUSINESS WIRE)--Dallas-based Preston Hollow Capital, an independent specialty finance company, announced today that it has closed on a $335 million equity capital commitment from an array of both new and existing investors including the Trident VI funds managed by Stone Point Capital LLC, funds managed by HarbourVest Partners, and Pathway Capital Management.
Proceeds from the investment will elevate Preston Hollow Capital’s level of permanent equity capital to over $1 billion as the firm continues to expand its national platform as a solution provider in municipal finance.
“Surpassing the billion-dollar threshold is a significant milestone for Preston Hollow Capital,” said Chairman and CEO Jim Thompson. “We take pride in our shareholders’ high level of confidence in our ability to deliver on our commitments. This latest round of capital augments our position as a strong, creative financial partner and enables us to further expand and diversify the business.”
Preston Hollow Capital (www.phcllc.com) is the leading solution provider in municipal finance. Headquartered in Dallas, Preston Hollow Capital is an independent specialty finance company with more than $1 billion in permanent equity capital and over $2 billion in investment capacity from a diverse investor base comprised of founding management, institutional investors including funds managed by Stone Point Capital LLC and HarbourVest Partners, and several prominent family offices. Since being founded by Chairman & CEO Jim Thompson in 2014, Preston Hollow Capital has closed over $1 billion in transactions across a variety of sectors of the municipal bond market including real estate, senior living, education, infrastructure, general government and economic development. Preston Hollow Capital differentiates itself with its ability to deliver capital with speed, certainty and flexibility.