El Paso, Texas–based Hunt Companies is a diversified holding company that invests primarily in real estate and infrastructure assets. Its Penrose Properties and Envolve LLC investments make Hunt one of the largest affordable-housing developers in the nation. In addition, its Hunt Capital Partners (HCP) division specializes in low-income-housing tax-credit syndication, raising funds from businesses to invest in affordable-housing partnerships, then providing asset management and reporting services for those businesses over time. HCP has facilitated over $2.8 billion in tax-credit equity and manages more than 760 project partnerships, representing 75,000 homes for seniors and families in 51 U.S. states and territories.

At the same time, the company's multifamily real estate division builds luxury multifamily structures, which it may sell or hold long-term, depending on the circumstances. And Hunt is the U.S.'s largest owner of military housing, with 52,000 homes on 49 military bases.

For a midsize business, Hunt has complex treasury needs. Some of the company's cash is in real estate funds, some is in operating cash for the parent company, and some is parked in relationship banks to meet those institutions' liquidity requirements so that they will continue to support the development side of the business.