David Rasch
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- Full Name
- David Rasch
- Title
- Managing Director
- Firm
- Stern Brothers & Co.
- Firm Type
- Independent investment bank; underwriter and broker-dealer
- Investment Stage
- Not verified as an angel/seed investor; Stern Brothers focuses on public, corporate, infrastructure, municipal, project-finance, underwriting, private-placement, remarketing, and broker-dealer work
- Target Company Profile
- Municipal issuers, corporations, private companies, nonprofit organizations, and project borrowers seeking structured debt or capital-markets financing
- Sector Focus
- Public finance, corporate finance, infrastructure, industrial projects, housing, healthcare, higher education, transportation, utilities, economic/community development, general-obligation and appropriation financings
- Geographic Focus
- United States
- Location
- Chicago, Illinois
Background
David Rasch is listed by MuniBase as a Managing Director at Stern Brothers & Co. in Chicago, Illinois. The Better Business Bureau’s Chicago profile for Stern Brothers & Co. lists “Mr. Dave Rasch” as business management, principal contact, and customer contact for the Chicago office at 222 W. Huron St.
Stern Brothers & Co. is an independent, privately held investment bank founded in 1917 and headquartered in St. Louis. The firm describes itself as a certified woman-owned business enterprise and one of the few remaining independent private underwriters and broker-dealers in the country. Its work centers on underwriting, private placement, financial advisory, credit enhancement, remarketing, municipal finance, corporate finance, and sales and trading.
I did not find a reliable public biography, education history, direct LinkedIn profile, headshot, or personal investment record for the David Rasch associated with Stern Brothers. The available public record supports a profile as an investment-banking/public-finance professional, not as a verified angel or seed-stage venture investor.
Investment Thesis & Focus
- No independently verifiable personal angel-investing thesis or seed-stage portfolio was found for David Rasch.
- Stern Brothers’ stated approach is capital-markets and debt-financing oriented. The firm says it advises “public and private decision makers on the best ways to fund capital projects” and recommends financing structures “on a case by case basis.”
- Stern Brothers’ municipal finance page says it provides long-term financing to “corporations, municipalities, private companies and non-profit organizations across America,” especially infrastructure and industrial projects whose financing is based on projected project cash flows rather than borrower balance sheets.
- The firm’s corporate finance platform covers underwriting and distribution of corporate bonds, agency securities, preferred stocks, hybrids, and asset-backed securities, with coverage across agencies, autos, financials, healthcare, industrials, TMT, and utilities.
- Stern Brothers reports strong experience in fixed-rate and variable-rate municipal transactions, private placements, project/facilities/asset-based financings, and sectors including housing, healthcare, higher education, infrastructure, real estate, and industrial development finance.
Notable Investments
- No source found connected David Rasch personally to angel or seed-stage investments.
- Triborough Bridge & Tunnel Authority - Stern Brothers lists a co-senior-manager role on TBTA’s $1.65 billion Sales Tax Revenue Bonds, Series 2024A.
- Miami-Dade County Seaport Revenue Bonds - Stern Brothers lists a co-senior-manager role on Miami-Dade County’s $448.64 million Seaport Revenue, Series 2023 transaction.
- Dallas/Fort Worth International Airport - Stern Brothers lists a co-senior-manager role on a $631.305 million Series 2023B transaction for DFW Airport.
- Prairie Catalytic / Greenyug - Biofuels Digest reported that Stern Brothers arranged an institutional placement of limited-recourse project bonds for Prairie Catalytic’s first commercial ethyl acetate production facility in Nebraska in 2017; the article says the financing used USDA-backed project bonds and was led by Stern Brothers Managing Director Les Krone.
- NW Capital Markets - CB Insights reports Stern Brothers acquired NW Capital Markets on May 13, 2015.
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