In a bold move, Charlie Visconsi and Ron Van Den Handel have departed from Preston Hollow Community Capital to establish V2 Municipal Capital, a firm dedicated to sourcing high-yield municipal deals in partnership with alternative asset manager Fundamental Advisors. This new venture marks a significant shift in the landscape of municipal finance, as Visconsi and Van Den Handel bring their wealth of experience and expertise to the table.
One of the key distinguishing factors of V2MC is its commitment to incorporating highly customized and robust protections for invested capital into every deal. This focus on risk management and capital preservation sets V2MC apart from its competitors, ensuring that borrowers’ objectives are met while safeguarding the interests of investors.
V2MC will specialize in asset-based lending, catering to traditional municipal issuers in sectors such as health care, housing, education, and infrastructure. By leveraging their extensive networks and industry knowledge, Visconsi and Van Den Handel aim to identify high-potential opportunities for tax-exempt and taxable deals that deliver value for all stakeholders involved.
Filling the Gap in Funding
Visconsi noted in a statement that there is a significant gap in funding within the municipal bond market across both tax-exempt and taxable projects. V2MC seeks to address this gap by bridging the divide between the traditional capital public market, commercial bank funding, and other forms of agency financing such as Housing of Urban Development debt. This approach reflects V2MC’s commitment to innovation and diversification in the municipal finance space.
By partnering with Fundamental Advisors, a New York-based firm specializing in special situations in the municipal market and public purpose assets, V2MC gains access to a wealth of resources and expertise. Fundamental Advisors’ focus on creative capital solutions aligns with V2MC’s mission to structure deals that benefit borrowers while ensuring strong protections for investors. This strategic partnership is poised to drive growth and success for both firms in the competitive municipal finance landscape.
Visconsi and Van Den Handel’s decision to launch V2MC comes on the heels of their successful tenures at Preston Hollow, where they played integral roles in sourcing and structuring high-yield municipal bond deals. Their track records of achievement and innovation have positioned them as industry leaders, poised to make a lasting impact with the launch of their new firm. As V2MC embarks on this new chapter, the stage is set for continued growth and evolution in the high-yield muni market.
The launch of V2 Municipal Capital represents a significant milestone in the world of municipal finance. With a focus on customized protections, asset-based lending, and strategic partnerships, V2MC is poised to revolutionize the way high-yield muni deals are sourced and structured. As Visconsi and Van Den Handel embark on this new journey, the future looks bright for V2MC and its potential to drive innovation and success in the municipal finance industry.