Trident VI Commits to Invest in Preston Hollow Capital
DALLAS, April 22, 2015 – Preston Hollow Capital, LLC announced today that it has closed on a $175 million equity investment commitment from Trident VI, L.P. and its affiliated investment funds managed by Stone Point Capital LLC.
Preston Hollow Capital will use the proceeds from the investment to expand the company’s municipal finance specialty origination platform and to pursue complementary strategic investments and acquisitions.
“This investment by Stone Point gives us significant capacity to fuel our growth,” said Jim Thompson, Chairman and CEO of Preston Hollow Capital. “Stone Point’s expertise and track record in the financial services industry make it an ideal partner for Preston Hollow Capital’s expansion.”
Chuck Davis, CEO of Stone Point Capital, said, “We are excited to be partnering with Jim Thompson and the Preston Hollow management team. Jim has a strong 20-year track record of successfully managing commercial credit businesses at ORIX USA, and we believe the team is well positioned at Preston Hollow to build on its previous success.”
About Preston Hollow Capital and Jim Thompson
Preston Hollow Capital is a diversified merchant bank launched in January 2014 by Jim Thompson, the former President and Chief Executive Officer of ORIX USA. The PHC team, comprised of former ORIX USA senior executives and employees, seeks to produce superior risk-adjusted returns across a broad spectrum of investment strategies. Mr. Thompson, along with his wife, Angela, supports Dallas-area non-profits through the Jim & Angela Thompson Foundation, and STEM education initiatives through the Blue Sky Educational Foundation. He is a board member of the Dallas Urban Debate Alliance, and is a former board member of Dallas CASA, Angel Flight South Central and the AOPA Foundation. Contact Preston Hollow Capital at Admin@PHCLLC.com or 214-389-0800.
About Stone Point Capital LLC
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. In addition to the capital invested by the Trident Funds, Stone Point has secured approximately $7 billion of equity co-investments since 2001. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For further information about Stone Point Capital, see www.stonepoint.com
C. Pharr & Company for PHC
Krystal Morris, 972-931-7576, ext. 355