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 

Utilities

General Government

Education

May 2026

San Francisco International Airport

$1,148,305,000

Second Series Revenue Refunding Bonds

Series 2026 AB

Co-Municipal Advisor 

May 2026

San Francisco International Airport

$1,148,305,000

Second Series Revenue Refunding Bonds

Series 2026 AB

Co-Municipal Advisor 

May 2026

San Francisco International Airport

$1,148,305,000

Second Series Revenue Refunding Bonds

Series 2026 AB

Co-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

Pennsylvania Turnpike Commission

$482,075,000

Turnpike Subordinate Revenue Refunding Bonds

First Series of 2026

Co-Manager, Underwriting  |  March 2026

Chicago O'Hare International Airport 

$612,235,000

General Airport Senior Lien Revenue Bonds

Series 2026A (Non-AMT)

Co-Manager, Underwriting  |  February 2026

Utilities

California Department of Water Resources

$546,050,000

Central Valley Project Water System Revenue Bonds

Series 2026A

Co-Manager, Underwriting  |  February 2026

Los Angeles Department of Water and Power

$977,650,000

Water System Revenue Bonds

Series 2025C

Co-Manager, Underwriting  |  November 2025

General Government

State of California

$2,394,000,000

General Obligation Bonds and Refunding Bonds

Co-Manager, Underwriting  |  March 2026

Inglewood Joint Powers Authority

$56,360,000

Lease Revenue Bonds

Series 2025

Co-Manager, Underwriting  |  November 2025

Education

Hazelwood School District

$31,915,000

General Obligation Refunding Bonds

Series 2026

Co-Manager, Underwriting  |  January 2026

The Regents of the University of California

$2,000,000,000

General Revenue Bonds

Series 2025 CD

Co-Manager, Underwriting  |  December 2025

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

– Vincent McCarley, CEO