DALLAS--(BUSINESS WIRE)--Preston Hollow Capital, an independent specialty finance company, announced today that it has completed a $39.37 million bond financing for Blue School, an independent pre-primary, primary and middle school located in New York City. This transaction will facilitate the school’s continued growth and extension of its curriculum to older children.
Blue School began as a parent run playgroup in 2006 before establishing successful pre-primary and primary programs in 2009, with the founding goal of creating a more complete, balanced and exuberant approach to education. PHC’s financing will enable Blue School to continue this leading-edge approach to extend from early childhood through eighth grade, effective in the 2017-2018 academic year.
“Preston Hollow Capital is proud to partner with Blue School and finance the expansion and upgrades of their lower Manhattan facilities. We believe Blue School’s approach to reimagining how we educate our children is consistent with PHC’s creative approach to providing financial solutions,” said Preston Hollow Capital executive director Matt Levin.
“Since its founding, Blue School has added grade levels in order to grow with its student base and accommodate increasing demand,” said Matt Goldman, board vice-chair and co-founder of Blue School. “Preston Hollow Capital has been an incredible partner, and through this partnership, we will be able to create a state-of-the-art middle school facility and meet this demand for our inquiry-based approach to education.”
About Preston Hollow Capital
Preston Hollow Capital is the leading solution provider in municipal finance. An independent specialty finance company with more than $650 million in permanent equity capital from a diverse investor base comprised of founding management, institutional investors Stone Point Capital and HarbourVest, and several prominent family offices, PHC differentiates itself with its ability to deliver capital with speed, certainty and flexibility. www.phcllc.com
About Blue School
BLUE SCHOOL is an independent pre-primary, primary and middle school in Downtown New York City, designed to continuously reimagine a more complete, balanced and exuberant approach to education by integrating best practices from educational research, child development and neuroscience. The school currently enrolls approximately 282 children age 2 through 7th grade. The three original members of Blue Man Group, Matt Goldman, Chris Wink, and Phil Stanton founded BLUE SCHOOL in 2006 with Renee Rolleri, Jen Wink, and Jennifer Stanton. In September 2011, BLUE SCHOOL moved to its permanent home at 241 Water Street in Lower Manhattan. www.blueschool.org