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Registrations 
Blue Rose Capital Advisors is an independent financial advisory firm that does not engage in underwriting activities. We are registered with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) as a Municipal Advisor. Because we have not engaged in underwriting activities in our history, we generally qualify as an Independent Registered Municipal Advisor (IRMA).

Blue Rose Capital Advisors offers comprehensive reinvestment services that span debt defeasance or dissolution and advance refundings. We provide expert guidance for developing escrow strategies, restructuring funds, soliciting favorable proposals, and closing tax-exempt and taxable transactions. When reinvestment is on the table, Blue Rose helps our clients make the best choices possible.

Debt Defeasance Services

In addition to strategic advice regarding the defeasance decision and process, Blue Rose provides debt defeasance services that include:

  • Structuring escrow funds

  • Soliciting proposals for escrow investments using open market securities when the SLGS window is closed

  • Closing transactions for tax-exempt and taxable debt obligations

  • Providing bidding agent certificates and other documentation

  • Managing yield compliance 

Advanced Refunding Services

Blue Rose's reinvestment services include specific expertise with advance refundings where tax-exempt borrowers refund callable fixed rate bonds more than 90 days prior to their call dates. Our clients commonly engage us for the following services:

  • Determining the open market securities eligible for investment

  • Analyzing comparative yields of open market securities and State and Local Government Series (SLGS) securities when the SLGS window is open

  • Soliciting proposals for escrow investments

  • Bidding the portfolio to competitive sellers

  • Providing bidding agent certificates and other documentation

Acquisition of Open Market Escrow Portfolios

Blue Rose Capital Advisors excels at structuring and procuring open market escrow portfolios for our clients. We offer analysis for the purchase of open market securities both when the SLGS window is closed and when the window is open. Purchasing open market securities in lieu of SLGS can deliver an earnings benefit while meeting all the requirements in governing bond documents. With a leadership team that has over 50 years of combined experience in structuring and procuring open market escrow portfolios, Blue Rose can provide this highly specialized service quickly and expertly.