Preston Hollow Capital

Chairman and CEO Jim Thompson founded the firm and leads overall strategy. Co-founder Cliff Weiner, as Head of Fixed Income and Capital Markets, oversees fixed-income investment strategy. The credit process is managed by Co-Chief Credit Officers John Bills, who focuses on real property underwriting, and Eric Schleif, who leads surveillance and asset management.

Preston Hollow is a direct lender that uses permanent equity capital to originate and hold loans on its own balance sheet. It does not raise blind-pool funds. In virtually all of its directly originated transactions, the firm acts as the sole or majority and controlling bondholder.

The firm provides capital to local governments, institutions of higher education, and not-for-profit entities. Its loans are structured as both taxable and tax-exempt debt, and the firm targets projects that create measurable community impact, such as infrastructure and facility development.

Preston Hollow operates with $1.6 billion in permanent equity capital and over $3 billion in total investment capacity (per the firm, 2025). It typically writes loans ranging from $10 million to over $100 million, with maturities from 5 to 35 years.

The firm offers several bespoke structures, including interim taxable financing that converts to tax-exempt debt, drawdown funding where the full commitment is deployed over time during construction, and reserve fund structures calibrated to a borrower's specific credit profile. Because PHCC holds loans to maturity rather than distributing them, it can negotiate tailored terms directly with borrowers.

In virtually all of its directly originated transactions, Preston Hollow acts as the sole or majority and controlling bondholder. This creates a direct, face-to-face lending relationship with borrowers rather than a syndicated structure. The firm does not publicly detail arrangements where it participates alongside other lenders.

Preston Hollow structures its business around financing projects that produce long-term social benefits. Its stated mission is to provide capital to local governments, higher-education institutions, and nonprofits to support transformational community outcomes, while generating risk-adjusted returns for its stockholders through a diversified portfolio of predominantly tax-advantaged assets.