Preston Hollow Community Capital, which provides specialized financing for social and economic projects, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
Preston Hollow Community Capital is a market leader in providing specialized impact financing solutions for projects of significant social and economic importance to local communities in the United States. Their strategy is focused on producing attractive risk-adjusted total returns from the direct origination and structuring of debt financings, primarily in the form of tax-exempt municipal bonds or loans, in transactions that deliver meaningful social impact across a broad range of project types that are not easily financed through traditional lending channels.
The Dallas, TX-based company was founded in 2014 and booked $121 million in sales for the 12 months ended December 31, 2020. It plans to list on the NYSE but has not chosen a symbol (RC ticker: PHCC.RC). J.P. Morgan, Barclays, UBS Investment Bank, and Piper Sandler are the joint bookrunners on the deal. No pricing terms were disclosed.
