Prior to co-founding Crescent Growth Capital, Ray Rabalais was a Senior Vice President at Hibernia Southcoast Capital/Capital One, N.A. from June 2004 to August 2008. A member of the Debt Capital Markets group, Mr. Rabalais also served as an officer of Capital One Community Renewal Fund, LLC, a Community Development Entity which received $160 million in New Markets Tax Credit (“NMTC”) allocations from the United States Treasury. Since 2005, Mr. Rabalais has been involved in the structuring and closing of over $600 million in NMTC transactions, involving more than three dozen NMTC projects in four states.
From 1979 to 1996, Mr. Rabalais was a Public Finance Consultant and Investment Banker for Howard Weil Labouisse Friedrichs, Inc., an investment bank in New Orleans. From 1996 to 1999, Mr. Rabalais was an Investment Banker at First National Bank of Commerce. From 2001 to 2004, Mr. Rabalais was an Investment Banker for Morgan Keegan & Company, Inc., a regional investment bank. During this twenty-five year period, Mr. Rabalais served as Senior Investment Banker on more than $3 billion of tax-exempt financings.
Mr. Rabalais received his A.B. from Princeton University in 1968 and his J.D. from the Harvard University School of Law in 1971. He also received an M.A. from Michigan State University in 1974. Since 1974, Mr. Rabalais has served on the faculty at Loyola University New Orleans College of Law, where he is the Eleanor Legier Sarpy Distinguished Professor of Law. He is admitted to the practice of law in the states of Michigan and Texas as well.