What are Non-Rated Municipal Bonds?
Non-Rated Municipal bonds are issued for public purposes, typically to fund capital projects for governmental or 501(c)3 non-profit organizations. These projects provide essential services to their communities. Due to the smaller size and cost/benefit analysis of the borrower, they often chose not to pursue a credit rating. Similar to traditional “munis” the interest payments are exempt from federal (and sometimes state or local) income tax.
Behind the Bonds
Lind Capital Partners was founded in 2010, but its origin story began in 1975 on the first day of high school when Bob Lind and Dave Murdoch met. A lifelong friendship evolved into a shared vision for bringing greater visibility and access to an overlooked segment of the market. Today, we specialize in providing institutional access to the non-rated municipal bond market, leveraging decades of expertise to uncover valuable niche opportunities for our investors.
Investment Strategy
The Lind Capital Partners Non-Rated Municipal Strategy is designed for sophisticated investors—high-net-worth individuals, family offices, and registered investment advisors—who seek differentiated credit exposure. We take a high-conviction, concentrated approach to portfolio management, rooted in rigorous fundamental credit research. Our strategy is designed to help our clients maximize their fixed income portfolio’s after-tax returns by generating high levels of tax-exempt income.
At Lind Capital Partners, we are driven by a passion for uncovering value, turning inefficiency into opportunity, and making meaningful investments that build and sustain communities.
– Bob Lind, Founder
