Preston Hollow Capital has closed on a USD175 million equity investment commitment from Trident VI, and its affiliated investment funds managed by Stone Point Capital.
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 investment by Stone Point gives us significant capacity to fuel our growth,” says Jim Thompson, Chairman and CEO of Preston Hollow Capital. “Stone Point’s expertise and track record in the financial services industry make it an ideal partner for Preston Hollow Capital’s expansion.”
Chuck Davis, CEO of Stone Point Capital, says: “We are excited to be partnering with Jim Thompson and the Preston Hollow management team. Jim has a strong 20-year track record of successfully managing commercial credit businesses at ORIX USA, and we believe the team is well positioned at Preston Hollow to build on its previous success.”
