Preston Hollow Capital Announces $225 Million Investment Commitment from HarbourVest

Preston Hollow Capital, an independent specialty finance company, announced today that it has closed on a $225 million equity investment commitment from funds managed by HarbourVest Partners.  Preston Hollow Capital will use the proceeds from the investment to expand the company’s municipal finance specialty origination platform and to pursue complementary strategic investments and acquisitions.

“This significant relationship with HarbourVest will provision our continued growth in several ways,” said Jim Thompson, Chairman and CEO of Preston Hollow Capital.  “HarbourVest’s potent combination of capital and broad investment experience comprehensively deepens our resources.  With a total of $650 million in committed equity capital, we’re well-positioned as a strong, creative financial partner in municipal specialty finance transactions and also poised to take advantage of opportunities to diversify the business.”

“Preston Hollow has established itself as a trusted partner in the municipal marketplace with a differentiated ability to tailor solutions and deliver capital with speed and flexibility,” said Alex Rogers, Managing Director of HarbourVest Partners. “HarbourVest has a history of backing strong management teams with a proven ability to capitalize on large market opportunities and we are excited to partner with the team at Preston Hollow as they expand their platform.”

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About Preston Hollow Capital

Preston Hollow Capital  is the leading solution provider in municipal finance. An independent specialty finance company with $650 million in committed 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.