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Preston Hollow Capital secures USD225m investment commitment from HarbourVest

Preston Hollow Capital has closed on a USD225 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,” says 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 USD650 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,” says Alex Rogers, managing director of HarbourVest Partners. “HarbourVest has a history of backing strong management teams with a proven ability to capitalise 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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