VENU, a developer, owner and operator of upscale live music venues and hospitality destinations, retained TCBI Securities, doing business as Texas Capital Securities, as the exclusive financial advisor to VENU with respect to potential private capital debt opportunities.
“We are thrilled to have Texas Capital Securities and their private capital advisory professionals join our team,” J.W. Roth, the company’s founder, chairman and CEO, said. “The music business is roaring, and VENU continues to amass a significant backlog of Luxe FireSuite receivables, having sold over $75 million in 2024 and expected to reach $200 million in 2025. Texas Capital Securities is tasked with advising VENU on the creation of debt financing facilities with expected total commitments of approximately $200 million. Unlocking this liquidity will further accelerate the construction of our amphitheaters in McKinney, Texas, El Paso, Texas and Broken Arrow, Oklahoma.”
“Texas Capital Securities is excited to partner with VENU and provide a capital solution that unlocks liquidity and accelerates the execution of VENU’s strategic roadmap, including the development of its premier state-of-the-art music venues,” Holly Smyth, managing director and co-head of private capital advisory at Texas Capital Securities, said.
