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Houston

Funding projects that strengthen communities

Public Finance

For more than 20 years, Cabrera Capital’s Public Finance team has partnered with governments, schools, and public agencies to fund projects that strengthen communities. We bring together deep market knowledge and a clear understanding of public-sector priorities to help clients access capital efficiently and with confidence. Whether it’s building new infrastructure, supporting education, or maintaining essential services, our goal is to make the financing process straightforward and effective.

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Underwritten US municipal bond transactions

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Transactions as lead or co-lead for over $25 Billion in par

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Co-managed transactions of over $206 Billion in par

Experienced, Client-Focused Team

Our professionals are veteran bankers that have worked both within public agencies and in investment banking, giving us insight into the challenges issuers face. We guide clients through every stage of financing, from planning to execution, ensuring that each transaction runs smoothly. Senior leadership is engaged throughout the process, reflecting our firmwide commitment to providing personal attention and responsive experienced service.

Our clients

Broad Sector Expertise 

Over the years, Cabrera has supported clients across a wide spectrum of sectors. From states, cities, and counties to school districts, transportation systems, and utilities, we understand the unique needs of each issuer. This breadth of experience allows us to tailor financing strategies that align with the specific goals and responsibilities of every client. 

  • State Agencies 

  • Cities and Counties 

  • Education 

  • Higher Education 

  • Primary and Secondary School Districts 

  • Community College School Districts 

  • Utility 

  • Public Power 

  • Water & Wastewater (Sewer) District 

  • Solid Waste 

  • Transportation 

  • Airports 

  • Mass Transit 

  • Toll Roads 

  • Ports

  • Healthcare

Strong Distribution Network

Our trading and underwriting teams maintain extensive relationships with institutional investors nationwide. This reach enables us to match each financing with the right buyers, helping clients secure competitive borrowing costs. We also provide regular market updates and data-driven insights so clients can make informed decisions in a changing market environment.

Our Capabilities

Tax Exempt • Taxable • Special Tax Revenue Bonds • Revenue Bonds • Lease-Backed Debt • Industrial Development • General Obligation Credits • Economic Development Bonds • Certificate of Participation • Alternative Minimum Tax (AMT) Private Activity

Commitment and Stability 

Public Finance has been at the heart of Cabrera Capital since our founding. We have managed billions of dollars in municipal bond transactions across the country and are consistently recognized for our role in negotiated offerings. Many clients return to us, a testament to the trust we have built and the results we deliver. 

Cabrera Capital’s Public Finance team provides broad coverage across the country. We look forward to continuing to serve public entities across the nation with expertise, integrity, and a commitment to lasting partnerships and creative solutions. 



Recent Market Insights

Market Insights

27th July 2026

Municipal market update

Munis underperformed Treasuries this week, with the MMD curve weakening 16–22 basis points as the market corrected following a period of very rich ratios, while Treasury yields also backed up by approximately 10–15 basis points across the curve.

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Market Insights

20th July 2026

Municipal market update

MMD underperformed USTs this week, with muni yields rising 6–12 bps across the curve while Treasury yields were flat to 5 bps lower.

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Market Insights

13th July 2026

Municipal market update

MMD and USTs both sold off this week, but MMD held up better. Muni yields rose 2–7 bps versus UST yields up 6–10 bps on the 5- and 30-year, reflecting the strong technical backdrop from reinvestment demand and moderate supply.

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Leadership

Mario Carrasco
Managing Director and Head of National Public Finance
San Antonio