Cabrera Capital Markets

What Cabrera Capital Markets does

Cabrera Capital Markets is a privately held, employee-owned investment bank and institutional brokerage firm founded in 2001 by Martin Cabrera Jr. and headquartered in Chicago. The firm operates a multi-line capital markets platform spanning Public Finance, Corporate Finance, M&A Advisory, Global Equities, Municipal Capital Markets, and Taxable Fixed Income, plus a real estate vertical (Cabrera Capital Partners), with eight U.S. offices and dedicated trading resources in London. Revenue is generated through underwriting spreads on negotiated and competitive municipal and corporate bond transactions, brokerage commissions and trading income across municipal, equity, and fixed-income markets, advisory fees on middle-market M&A engagements ($50M–$500M range), and real estate development and advisory fees.

The firm serves a diversified client base including municipal issuers (states, cities, school districts, counties, public agencies), Fortune 1000 corporates, major financial institutions, pension funds, and private equity sponsors, with cumulative underwriting exceeding $1.9 trillion in debt and equities since inception and daily securities trading volumes above $2.2 billion. The Global Equities division operates an agency-only execution model accessing 85+ liquidity venues through 60+ international brokers. Technology is largely sourced from third-party infrastructure: Bloomberg FIT and Tradeweb for execution, third-party algorithmic trading providers, and industry-standard back-office matching and surveillance tools — with no proprietary AI/ML systems disclosed. The firm holds SEC, FINRA, MSRB, and SIPC registrations and is described as one of the largest Latino-owned investment banking firms in the United States.

Name

Cabrera Capital Markets

Legal name

Cabrera Capital Markets LLC

Website

https://cabreracapital.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Cabrera Capital Markets is a Chicago-based, privately held investment bank and institutional brokerage serving municipalities, Fortune 1000 corporates, financial institutions, pension funds, and private equity firms across public finance, corporate finance, M&A advisory, global equities, municipal capital markets, taxable fixed income, and real estate services via eight U.S. offices and London trading resources.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Margin Financing & Stock Loan Brokerage (FSAEACAO)

akta.pro secondary industries

Municipal Bonds Trading (FSACAEAF), Prime Brokerage Financing (Margin/Stock Loan) (FSACAIAD), Commercial Paper (CP) & Money Market Issuance (FSACABAH)

Keywords

• Investment banking
• Municipal underwriting
• Institutional brokerage
• Fixed income trading
• Merger acquisition advisory

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Investment Banking - Underwriting: Underwriting revenue from negotiated and competitive municipal and corporate bond transactions. The firm broke into top 20 negotiated Lead Manager underwriter rankings in 2025 with over $2B senior managed par and was top 16 co-manager in 2024 at over $62B par.
2. Investment Banking - Advisory: M&A Advisory, capital advisory, and strategic advisory fees from middle-market transactions. Team advises families, business owners, corporates, and financial sponsors on strategic and financial engagements ranging from $50 million to $500 million.
3. Institutional Brokerage - Trading: Brokerage commissions from trading municipal bonds, corporate bonds, global equities, and structured products. Daily trading volumes exceed $1 billion in securities. Global Equities division trades across 85+ liquidity venues with daily volumes exceeding $1 billion USD.
4. Algorithmic Trading Services: Best-of-breed algorithmic trading providers providing flexible white label options and customizable strategies by type, size, or market cap for institutional clients.
5. Real Estate Services: Development, investment, and advisory services through Cabrera Capital Partners (CCP) for public, private, institutional, and non-profit clients including the $24 million Stockyards Industrial Corridor development.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Cabrera Capital Markets is a privately held investment bank and institutional brokerage firm that provides municipal and corporate underwriting, debt and equity capital markets execution, M&A and strategic advisory, global equities agency-only trading, taxable fixed income sales and trading, and real estate development and advisory services. The firm serves global corporations, municipalities, school districts, public agencies, pension funds, and private equity firms through eight U.S. offices and London-based trading resources. Since 2001, Cabrera has underwritten over $1.9 trillion in debt and equities and trades more than $2.2 billion in securities daily across 85+ liquidity venues.

Product overview

Cabrera Capital Markets is a premier investment bank and institutional brokerage firm offering a comprehensive suite of financial services through a platform-plus-modules architecture. The core offering spans Investment Banking (Public Finance, Corporate Finance, M&A Advisory), Sales and Trading (Global Equities, Municipal Capital Markets, Taxable Fixed Income), and Real Estate Services (Cabrera Capital Partners). Key sub-products within Taxable Fixed Income include U.S. Rates Trading, Corporate Bonds, Structured Products, and Preferred Stock. Global Equities provides Algorithmic & Market Access, Execution and Order Management, and Market Commentary & Technical Analysis. The M&A Advisory module encompasses Mergers & Acquisitions, Capital Advisory, and Strategic Advisory services. The firm operates across municipal bonds, global equities, and taxable fixed-income securities, serving corporations, municipalities, pension funds, and private equity firms.

Differentiator

Problem solved

Functional benefit

Products and services

• Public Finance

Quantifiable outcome

• Over $1.9 trillion in debt and equities underwritten since 2001
• +4 more outcomes

Named customers36 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Four partnerships are on record, tiered key, minor and flagship.

• The Missner GroupkeyStrategic or Co-development Partner · 8 May 2026Cabrera Capital Partners (CCP), a Chicago-based real estate firm, has partnered with The Missner Group to develop a $24 million industrial facility in Chicago's Stockyards Industrial Corridor. The Missner Group serves as general contractor for the 124,000+ square-foot development at 1924 W. 46th Street. The project will convert 8.2 acres of formerly vacant City-owned land into modern industrial space expected to generate 120 permanent jobs.
• Ware MalcombminorImplementation/ SI/ Consulting Partner · 8 May 2026Ware Malcomb serves as project architect for the Stockyards Industrial Corridor development project. The architecture firm will design the 124,000+ square-foot industrial facility with 32-foot clear height and multiple storefront configurations.
• National Association of Investment Companies (NAIC)flagshipStrategic or Co-development Partner · 12 June 2024Multi-year partnership between Cabrera Capital Markets and NAIC, the largest network of diverse-owned alternative investment firms. Cabrera's Advisory Group will engage with NAIC's 190+ member firms through in-person and virtual events, offering M&A, capital-raising, and strategic advisory services. This partnership creates opportunities for diverse-owned alternative investment firms and their portfolio companies.
• AEG PresentskeyStrategic or Co-development Partner · 18 March 2024Cabrera Capital Markets acted as exclusive investment banker to Cardenas Marketing Network (CMN) on its historic partnership with AEG Presents. The combination pairs CMN's Latin music and sports promotion expertise with AEG's global live events platform, creating elevated experiences for artists and audiences globally.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Loop Capital Markets: Loop Capital Markets is a closely-held investment bank and broker-dealer with strong municipal underwriting, taxable fixed income, and equity capital markets capabilities. It is one of the largest minority-owned (African American) investment banks in the US and competes head-to-head with Cabrera in the same diverse-owned municipal underwriting rankings and middle-market advisory segments.
• Siebert Williams Shank: Siebert Williams Shank is a leading minority-owned investment bank focused on public finance, corporate finance, and taxable fixed income. It is a direct competitor to Cabrera in the municipal underwriting league tables and shares a similar diverse-owned positioning, with public finance as a core franchise.
• M.R. Beal & Company: M.R. Beal is an African American-owned investment bank and broker-dealer focused on public finance, corporate and municipal bonds, and institutional trading. It is a direct peer to Cabrera in the minority-owned municipal underwriting league tables and structured products space.
• Blaylock Van: Blaylock Van is a minority-owned investment bank providing public finance, corporate finance, and institutional trading services. It competes with Cabrera in the municipal underwriting rankings and in serving as a diverse-owned counterparty for fixed income institutional clients.
• Samuel A. Ramirez & Co. Ramirez & Co. is one of the oldest Hispanic-owned investment banks and broker-dealers in the US, with deep municipal underwriting, corporate finance, and institutional sales/trading capabilities. It is a direct peer to Cabrera in the Latino-owned investment banking space and competes in the same municipal league tables.

Broad incumbents

• Jefferies Financial Group: Jefferies is a large full-service investment bank and broker-dealer with strong middle-market M&A advisory, capital markets, and equities/fixed income trading. It is a broader incumbent that competes with Cabrera for middle-market advisory mandates and institutional trading flow, though at materially larger scale.
• Stifel Financial: Stifel is a full-service middle-market investment bank with public finance, institutional brokerage, and M&A advisory. It is a broader incumbent in the same end markets as Cabrera (municipal underwriting rankings, middle-market M&A, institutional fixed income), with materially larger scale.
• Piper Sandler: Piper Sandler is a middle-market focused investment bank with strong public finance, M&A advisory, and institutional equities businesses. It competes with Cabrera in municipal underwriting and middle-market advisory, with substantially greater scale and geographic reach.
• RBC Capital Markets: RBC Capital Markets is a global full-service investment bank with strong municipal underwriting, M&A advisory, and institutional sales/trading. It is a broader incumbent in the same franchises where Cabrera competes, and has historically been a talent source (e.g., Shawn Dralle's prior experience).
• Robert W. Baird: Robert W. Baird is a middle-market focused investment bank and wealth manager with strong M&A advisory and capital markets capabilities. It overlaps with Cabrera in middle-market M&A (the same franchise where Cabrera hired Jae Kim from) and serves as both a competitor and a talent source.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cabrera-capital-markets-llc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cabrera Capital Markets