Public Finance

We partner with government agencies, non-profits and other tax-exempt and taxable borrowers to deliver tailored debt financing solutions that enable funding for critical capital and infrastructure projects.

Expertise

We work side-by-side with clients to develop creative, tailored debt structuring and financial analysis.

Municipal bond underwriting

  • Advanced analytics and modeling for both tax-exempt and taxable debt structures
  • Access to broad investor base across public markets and private placement options
  • Commitment to achieving the lowest possible cost of capital while preserving long-term flexibility

Private placements

  • Dual-track approach: evaluating public offerings alongside private placements to identify the optimal strategy
  • Dedicated to securing the most cost-effective borrowing solution for every client

Municipal advisory

  • Comprehensive guidance from initial debt issuance planning through successful deal execution
  • Expert technical support and actionable insights on market best practices

Defeasance

  • Provider of both initial and replacement escrow portfolios
  • Expertise in reinvesting construction proceeds, capitalized interest, and acquisition funds
  • Structuring reserve fund securities to maximize efficiency and compliance

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Advantages

Independent

As part of an independent firm, we remain objective in considering the full universe of available options.

Expert

Our transaction experience and industry knowledge ensure relevant ideas and insights.

Efficient

Monthly average of approximately $1.5 billion in secondary market trading on a national level

Connected

Our long-term relationships with key participants strengthen our understanding of issuer credits, while providing access to additional liquidity when it matters most.

Sectors

General government

State and local government and parkĀ districts

Transportation

Public transportation, highways and airports

Education

School districts and universities

Utilities

Water and sewer and electric

Nonprofits

Healthcare, social service providers and cultural institutions

Capital markets

Swaps and other derivatives

The Mesirow advantage

ā€œHub and spokeā€ operating model with specialist teams working in close partnership to provide a differentiated, high-quality opportunity to institutional investors.

A hub-and-spoke diagram with a central circle labeled ā€œInstitutional Sales and Trading.ā€ Four connected circles represent related areas: CTL & Structured Debt Products, Public Finance, Bridge Equity and Sale-Leaseback Capital.

The design shows Institutional Sales and Trading as the core function with these four services linked around it.

Leadership

Todd Waldrop
Senior Managing Director, National Head
Public Finance
Our clients benefit from the integrated and differentiated expertise across Mesirow Capital Markets, with the added benefit of potential access to the firm’s balance sheet for enhanced flexibility and support.

Spark

A quarterly email that brings together insights from across the entire Mesirow organization, with perspectives on markets, sectors and investing in what matters.

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