Our services.

From strategic advisory to market execution, we support our clients across every stage of the financing process.

Municipal Advisory

Our Municipal Advisory practice is grounded in a combination of quantitative rigor and experienced judgment, enabling us to deliver tailored solutions to public agencies across the country. We advise clients through the full lifecycle of a transaction, providing clarity and structure in increasingly complex financial environments.

Drawing on deep expertise across capital markets, credit strategy, and quantitative analysis, we help clients evaluate options, manage risk, and make informed decisions that align with both immediate needs and long-term objectives.

Our work spans a broad range of sectors—including infrastructure and transportation, utilities, education, and general government—giving us a comprehensive view of the challenges and opportunities facing public entities today.

Through a hands-on, client-focused approach, we build lasting partnerships and deliver strategies designed to support sustainable outcomes for the communities our clients serve.

Transportation

May 2026

San Francisco International Airport

$1,148,305,000

Second Series Revenue Refunding Bonds
Series 2026 AB

Co-Municipal Advisor 

January 2026

Triborough Bridge & Tunnel Authority

$750,000,000

Payroll Mobility Tax Bond Anticipation Notes
Series 2026 A-1 & A-2

Co-Municipal Advisor

Utilities

January 2026

San Francisco Public Utilities Commission

$250,000,000

Power CP LOC Renewal
Series A-1 & A-2

Co-Municipal Advisor 

June 2025

Antelope Valley-East Kern Water Agency Financing Authority

$170,050,000

Water Bank Revenue Bonds
Series 2025 AB

Municipal Advisor 

General Government

November 2025

City & County of San Francisco

$18,840,000

Certificates of Participation
Series 2025 R2 & R3

Municipal Advisor 

September 2025

Dormitory Authority of the State of New York

$2,336,855,000

State Personal Income Revenue Bonds
Series 2025C

Co-Municipal Advisor

Education

February 2026

Fremont Union High School District

$225,000,000

General Obligation Bonds
Series 2026 AB

Co-Municipal Advisor 

August 2025

Peralta Community College District

$47,525,000

OPEB VRDBs Remarketing
Series 2005 B-4

Municipal Advisor 

Public Finance & Capital Markets

Our public finance practice is built to deliver tailored financing solutions across a wide range of structures, scales, and market conditions. From complex bond offerings to smaller capital financings, we evaluate each engagement with a comprehensive view of our clients’ objectives.

Grounded in deep insight across municipal finance, credit strategy, and quantitative analysis, we develop strategies that balance cost, flexibility, and long-term performance. Our approach is disciplined, transparent, and designed to adapt to the unique needs of each transaction.

We maintain active engagement with institutional investors to enhance market access, transparency, and long-term financing success. This helps support efficient market execution and broadens investor participation to our clients.

Whether navigating complex financings or straightforward issuances, we bring clarity, precision, and accountability to every stage of the financing process.

Transportation

March 2026

Pennsylvania Turnpike Commission

$482,075,000

Turnpike Subordinate Revenue Refunding Bonds
First Series of 2026

Co-Manager, Underwriting

February 2026

Chicago O'Hare International Airport 

$612,235,000

General Airport Senior Lien Revenue Bonds
Series 2026A (Non-AMT)

Co-Manager, Underwriting

Utilities

February 2026

California Department of Water Resources

$546,050,000

Central Valley Project Water System Revenue Bonds
Series 2026A

Co-Manager, Underwriting 

November 2025

Los Angeles Department of Water and Power

$977,650,000

Water System Revenue Bonds
Series 2025C

Co-Manager, Underwriting 

General Government

March 2026

State of California

$2,394,000,000

General Obligation Bonds and Refunding Bonds

Co-Manager, Underwriting 

November 2025

Inglewood Joint Powers Authority

$56,360,000

Lease Revenue Bonds
Series 2025

Co-Manager, Underwriting 

Education

January 2026

Hazelwood School District

$31,915,000

General Obligation Refunding Bonds
Series 2026

Co-Manager, Underwriting

December 2025

The Regents of the University of California

$2,000,000,000

General Revenue Bonds
Series 2025 CD

Co-Manager, Underwriting 

“Public finance is about more than transactions; it’s about enabling communities to invest in their future.”

– Vincent McCarley, CEO