Daniel Hartman

Title: 
Managing Director
Organization: 
The PFM Group
Bio: 

Dan Hartman is a Managing Director in The PFM Group’s Arlington office. Mr. Hartman currently co-heads the firm’s national utilities group and works exclusively with utility clients across the country. Mr. Hartman has 25 years of public finance experience, both in financial advisory and investment banking capacities.

Mr. Hartman has served as a financial advisor or senior managing underwriter to many of the largest water, wastewater, and public power agencies throughout the United States. These clients have included, among others, the Los Angeles Department of Water and Power, Orlando Utilities Commission,
DC Water, CPS Energy (San Antonio), the Southern California Public Power Authority, and the San Antonio Water System. For these clients, Mr. Hartman has been directly involved in the issuance of over $50 billion of utility bonds and has worked on some of the largest and most complex transactions in the municipal market.

As part of Mr. Hartman’s client engagements, he has managed the development of complex financing plans for large capital programs, led educational workshops with Boards and elected officials, devised and implemented rating and investor strategies for new and existing credits, and led clients in the execution of a wide spectrum of capital market funding options. Mr. Hartman has recently led some of the most innovative financing structures in the municipal utility business. These include the 2014 issuance of “Century” bonds for DC Water, which was the first 100-year financing for US public infrastructure and the recipient of a Bond Buyer “Deal of the Year” award.

On behalf of his municipal clients, Mr. Hartman has also provided expert witness testimony to legislative and regulatory matters to various agencies. Mr. Hartman recently provided expert testimony in the Detroit bankruptcy relating to capital market and bond rating matters for the Detroit Water and Sewer Department. Mr. Hartman is also a frequent speaker on the topic of utility finance at public finance industry conferences and workshops.

Mr. Hartman started his career in 1990 with PFM and also served as a Managing Director with Citigroup Global Markets and Bear Stearns from 2000-2006, prior to rejoining PFM. Mr. Hartman currently sits on the Executive Committee of PFM.

Mr. Hartman received his Bachelor’s Degree in Economics and International Relations from the University of North Carolina – Chapel Hill and a Diploma from the London School of Economics.