Nick Prassas

Mr. Prassas has built a career on innovative financing. In 1988, he pioneered the use of stand-alone taxable bond financing for the Arco Arena, in Sacramento, California, which launched a sports stadium and arena construction boom that continues to this day. He pioneered and developed the negotiated bond markets in Hawaii and Alaska, playing a dominant role in the infrastructure financing in both of those states throughout the late-1980s and 1990s. Most recently, Nick recapitalized an over-leveraged independent school by repurchasing the school’s outstanding bonds during the credit crisis, using low-cost federal stimulus funding. Other notable accomplishments include:

  • Investment banker and financial advisor for the past thirty-eight years, advising corporate, governmental and private clients on some of the most complex public works projects in California, Arizona, Hawaii and Alaska.

  • Nationally-noted sports stadium and arena finance expert. Among his projects is the Arco Arena, home of the Sacramento Kings, America West Arena, home of the Phoenix Suns, and the Rose Garden, home of the Portland Trailblazers. Retained as advisor for L.A. Raiders relocation.

  • Former advisor and investment banker for the County of Maui, and the City and County of Honolulu, Hawaii. Advisor to the Hawaii Association of Independent Schools.

  • Financed a $25 million elementary school for an Inuit village, located on the Bering Sea. In appreciation, the Mayor of Kotzebue, Alaska invited Mr. Prassas on the annual fall caribou hunt.

  • Negotiated the last federal divestiture of a major hydroelectric facility for the State of Alaska. The contract and financing required an Act of Congress.

  • Focused on renewable energy since 2010. Extensive experience is project finance for waste-to-energy projects. Noteworthy: financed two anaerobic digestion facilities in North Carolina and Rhode Island, with 100% equity financing from York Capital Management.

  • Consulting on fractional ownership of commercial real estate since 2004 for 1031 exchange alternatives. Highly experienced in deal structures and risk assessment of Delaware Statutory Trusts (DSTs).

Since founding Prassas Capital in 2000, Mr. Prassas has been involved in a broad array of financial advisory, restructuring, and capital raising assignments, as well as establishing an asset management practice. Mr. Prassas has a B.S. from The Pennsylvania State University, an MBA from the University of Arizona.

Mr. Prassas can be reached directly at nick@prassascapital.com