In the world of municipal bonds, two seasoned professionals have decided to take a leap of faith and venture out on their own. Charlie Visconsi and Ron Van Den Handel, both veterans in the municipal bond industry, have recently left Preston Hollow Community Capital to establish their own firm – V2 Municipal Capital. This new independent firm will focus on sourcing high-yield municipal deals and will be partnering with the alternative asset manager Fundamental Advisors.
Visconsi and Van Den Handel made the announcement of the formation of V2 Municipal Capital, highlighting their commitment to working closely with broker-dealers, municipal advisors, and other market participants to identify deals that meet borrowers’ objectives. The firm aims to provide highly customized and robust protections for invested capital, ensuring the safety and success of their investments.
V2 Municipal Capital will specialize in asset-based lending, catering to traditional municipal issuers in sectors such as healthcare, housing, education, and infrastructure. This strategic focus on specific sectors will enable the firm to identify tax-exempt and taxable deals that align with the unique needs of borrowers in these industries. Visconsi and Van Den Handel bring a wealth of experience to the table, with Visconsi having served as co-head of originations at Preston Hollow and Van Den Handel as a managing director on the originations team.
Visconsi pointed out the clear funding gap in the municipal bond market, both in tax-exempt and taxable projects. V2MC aims to bridge this gap by leveraging their extensive relationships across the market to structure innovative solutions that benefit borrowers while providing strong protections for their investments. The firm is positioned to fill the space between the traditional capital public market, commercial bank funding, and agency financing.
By partnering with Fundamental Advisors, a New York-based firm focused on special situations in the municipal market and public purpose assets, V2 Municipal Capital gains access to a wealth of knowledge and expertise in the industry. Fundamental Advisors has a track record of investing in public purpose, municipal, and community assets, making them an ideal partner for V2MC as they navigate the complexities of the municipal bond market.
As V2 Municipal Capital embarks on this new journey, the firm is poised to make a significant impact in the municipal bond market. With a focus on high-yield deals and a commitment to providing tailored solutions for borrowers, V2MC is well-positioned to succeed in a competitive industry. The partnership with Fundamental Advisors will further strengthen their capabilities, leading to innovative and profitable investment opportunities in the municipal bond space.