DALLAS--(BUSINESS WIRE)--Dallas-based Preston Hollow Capital, an independent municipal finance company, announced today that it has closed on an equity capital commitment of more than $225 million from a group of existing investors that include funds managed by HarbourVest Partners, the Trident VI funds managed by Stone Point Capital LLC, and Pathway Capital Management.
Proceeds from the investment will elevate Preston Hollow Capital’s level of permanent equity capital to over $1.3 billion as the firm solidifies its position as the leading solution provider in municipal finance.
“We’re fortunate to have significant support from our investors as we continue to expand our business,” said Chairman and CEO Jim Thompson. “Our platform keeps growing as the public finance market responds to our unique combination of patient, flexible capital and creative, solution-oriented municipal finance expertise.”
About Preston Hollow Capital
Preston Hollow Capital (www.phcllc.com) is the leading solution provider in municipal finance. Headquartered in Dallas, Preston Hollow Capital is an independent municipal finance company with over $1.3 billion in permanent equity capital and over $2.6 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 nearly $2 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.