NEW
YORK and DALLAS,
July 24,
2024 /PRNewswire/ -- V2 Municipal Capital ("V2MC" or
the "Firm"), a sourcing company for high-yield tax-exempt and
taxable municipal bonds, and Fundamental Advisors ("Fundamental"),
an established alternative asset manager focused on municipal,
public purpose and community assets, today announced that they have
entered a partnership to launch V2MC as an independent firm. V2MC
will be led by Co-Founders Charlie Visconsi and Ron Van Den Handel, two seasoned public finance
investors and bankers. Through this partnership, V2MC will source
municipal bonds exclusively for Fundamental.
V2MC will work closely with its sourcing partners, including
broker-dealers and municipal advisors, to develop and structure
transactions that achieve borrowers' objectives, while also
incorporating highly customized and robust protections for invested
capital. The Firm will primarily specialize in asset-based lending,
serving traditional municipal borrowers – including governmental
and not-for-profit entities – to identify both tax-exempt and
taxable investment opportunities in health care, housing, education
and infrastructure.
"There is a clear gap in funding in the municipal bond market,
across both tax-exempt and taxable projects. With this new venture,
we will create a sourcing platform based on our experience,
integrity, flexibility and creativity, and our relationship with
Fundamental will provide borrowers certainty of execution," said
Mr. Visconsi. "We look forward to leveraging our deep relationships
across the market to structure solutions that benefit borrowers,
while offering strong protections for our investments."
"I have known and worked alongside Laurence and the Fundamental
team for many years and have always admired the differentiated and
successful business they've developed," said Mr. Van Den Handel. "The combination of our sourcing
capabilities and municipal structuring expertise with Fundamental's
investing acumen and access to flexible capital, will allow us to
identify, evaluate and execute on well-structured, appropriately
priced transactions in the municipal market."
"For over 15 years, we've been a dedicated investor in public
purpose, municipal and community assets, and now more than ever,
these assets need flexible and creative capital solutions to
prosper," said Laurence Gottlieb,
Chairman and CEO of Fundamental. "Our firm is enjoying great
momentum as we enter this partnership with Charlie and Ron, and we look forward to
working closely together to continue delivering value for our
investors."
Mr. Visconsi and Mr. Van Den
Handel have over 50 years of combined experience in the
municipal bond market and have separately served as lead banker on
transactions totaling over $30
billion. Prior to launching V2MC, Mr. Visconsi was the
Co-Head of Originations and Mr. Van Den
Handel was a Managing Director on the originations team at
Preston Hollow Community Capital, where they sourced deals, led
originations and co-led financing efforts. Mr. Visconsi previously
spent 20 years at Morgan Stanley in the Public Finance Group
including serving as the Co-Head of Public Finance for five years,
while Mr. Van Den Handel held senior
municipal capital-focused roles at Deutsche Bank for 14 years and
Raymond James for 13 years.
About V2 Municipal Capital
Founded by
Charlie Visconsi and
Ron Van Den Handel in July 2024, V2 Municipal Capital is an
independent sourcing company for high-yield tax-exempt
and taxable municipal bonds. V2MC seeks to provide structured
capital solutions for municipal borrowers across four key sectors:
health care, housing, education and infrastructure. For more
information, please visit: www.v2mc.com.
About Fundamental Advisors
Fundamental is an
established alternative asset manager dedicated to municipal,
public purpose and community assets. Founded in 2007, the firm is
focused on targeting control-oriented investments in stressed and
distressed assets or securities, financing the development or
revitalization of public purpose or community assets, and acquiring
undervalued securities in the secondary market. For more
information, please visit
www.Fundamental.com.
Contact Information
For Fundamental and V2 Municipal
Capital
Jon Keehner / Madeline Jones
Joele Frank,
Wilkinson Brimmer Katcher
212-355-4449
Fundamental-JF@joelefrank.com
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SOURCE V2 Municipal Capital; Fundamental Advisors