Dallas-based V2 Municipal Capital and New York City-based Fundamental Advisors have partnered to launch V2MC, an independent firm led by co-founders Charlie Visconsi and Ron Van Den Handel, both Dallas-based veteran public finance investors and bankers in Preston Hollow.

V2MC is a sourcing company for high-yield tax-exempt and taxable municipal bonds. Fundamental Advisors is an established alternative asset manager focused on municipal, public purpose, and community assets. Via this partnership, V2MC will source municipal bonds exclusively for Fundamental.

“There’s a clear gap in funding in the municipal bond market, across both tax-exempt and taxable projects,” Visconsi said in a statement. “With this new venture, we’ll create a sourcing platform based on our experience, integrity, flexibility and creativity, and our relationship with Fundamental will provide borrowers certainty of execution. We look forward to leveraging our deep relationships across the market to structure solutions that benefit borrowers, while offering strong protections for our investments.”

V2MC said it 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.

It said it primarily will 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 healthcare, housing, education, and infrastructure.

“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,” Laurence Gottlieb, chairman and CEO of Fundamental said in a statement. “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.”

50+ years of combined experience in the municipal bond market

Van Den Handel said the partnership is a recipe for success.

“I’ve known and worked alongside Laurence and the Fundamental team for many years and have always admired the differentiated and successful business they’ve developed,” Van Den Handel said in a statement. “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.”

Visconsi and Van Den Handel have more than 50 years of combined experience in the municipal bond market and have separately served as lead banker on transactions totaling over $30 billion.

Before launching V2MC, Visconsi was the co-head of originations and 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.

Previously, Visconsi spent 20 years at Morgan Stanley in the Public Finance Group including serving as the co-head of Public Finance for five years, while Van Den Handel held senior municipal capital-focused roles at Deutsche Bank for 14 years and Raymond James for 13 years.

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