- Firm is working with adviser to explore strategic options
- Preston Hollow has raised $1.6 billion from investors over time
Preston Hollow Community Capital, a municipal finance lender, is exploring strategic options including a sale, according to people with knowledge of the matter.
The Dallas-based company is working with an adviser to solicit interest from potential suitors, said the people, who requested anonymity to discuss confidential information. No final decisions have been made and a transaction isn’t guaranteed.
Preston Hollow has invested more than $5.2 billion in municipal bonds since its founding in 2014 and has raised $1.6 billion from investors including Stone Point Capital, HarbourVest Partners and Nuveen LLC’s TIAA, according to a September release.
Bloomberg Markets
By Gillian Tan
October 29, 2024