
Public Finance has been a core business at Cabrera since the firm’s inception in 2001. As such, the Public Finance department receives the full support of senior management including the commitment of capital to support our clients at the time of pricing. Cabrera has a long storied history of providing capital and balance sheet to support our issuer clients and we continue to do so today.
The Public Finance Department is staffed by finance professionals having a diverse array of experience from both the issuer and public finance side. The banking team has successfully priced and closed transactions in a multitude of sectors and a wide array of the municipal credit spectrum. Since 2020, Cabrera has served as lead or co-lead on over 80 transactions for over $25 billion in par and co-managed over 460 transactions for well over $206 billion in par. The public finance bankers are supported by talented and experienced analytical staff specializing in bond finance.
Cabrera’s Public Finance robust primary market activity has been a mainstay in Chicago since the early days of Cabrera Capital, ranking in the top of the negotiated lead, co-lead and co-managed rankings. However, Cabrera has also had the privilege to serve some of the largest and most sophisticated state and local governments in the country. Our public finance group covers clients from Texas, California, New York, New Jersey, Pennsylvania, Washington DC, Florida, Georgia and Arizona, among others. More importantly, we have served most of these clients multiple times over, an affirmation of the quality work product we provide. From this repeat business and our ever-expanding new client list, the Public Finance group continues to expand.
Recently Cabrera has committed to growing our Public Finance practice with strategic hires from Wall Street and Regional firms alike, in California, New York and Texas, including our Head of Public finance based in Texas, Mario Carrasco. This commitment to our Public Finance Department provides our clients with not only a firm with a proven track record of success in the primary market, but also a proven track record of supporting our public finance clients in the competitive and secondary municipal bond market as well. With the recent addition of Wall Street veteran Tom Rasmussen to lead Cabrera’s Municipal Capital Markets team, Cabrera’s relationships and leverage of our buy side tier 1-3 clients has never been stronger. Lead Municipal Bond Underwriter, Merita Kulpinski has served in her capacity at Cabrera for 17 years at Cabrera and has been a municipal underwriter for decades, underwriting over 1000 transactions at the firm. Our Public Finance team works closely with our trading and underwriting desk to provide current market data to our clients on a regular basis. Please contact Mario Carrasco at mcarrasco@cabreracapital.com to be added to our mailing list to receive this information.
We thank you for your support and look forward to working with you in the future.