Preston Hollow Capital Closes on Investment Commitment of More Than $225 Million

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005109/en/

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