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