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PSA was founded in 2017 as a public-sector dedicated firm specializing in  structuring municipal revenue streams into non-traditional securities.

Securitized revenue streams  provide immediate cash-flow stability for municipalities and unique, off-the-radar investment vehicles for investors that differ from municipal debt securities.

PSA acts as a liaison between municipalities and investors seeking appealing, off-the-radar investment vehicles. PSA works with both institutional and individual investors, offering refined data to expedite the valuation process and tranching revenue streams to suit a broad array of risk appetites.

  • Exotic revenue-backed municipal securities

  • Cleaned and structured data for simpler valuation

  • Arrangement of competitive bid auction

  • Escrow clearing and settlement

  • Payment pass-through servicing

For Municipalities

For Purchaser

PSA puts the needs of municipalities first, structuring revenue streams into marketable securities that are often a superior  alternative to issuing debt.

  • Consulting on candidate revenue streams to securitize

  • Initial risk assessment and security valuation 

  • Offering structuring and drafting

  • Management of competitive bid auction

  • Solicitation of bids from broad sources

  • Data management and pass-through servicing

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