ATLANTA (GLOBE NEWSWIRE) – Monarch Private (Capital (“Monarch”), a nationally recognized impact investment firm that underwrites, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, today announced the substantial completion of the Midpoint and Gaia solar and storage projects developed by Sunraycer Renewables (“Sunraycer”) in Texas.
Monarch provided tax equity financing for both projects. Together, they represent another milestone in Monarch’s expanding energy portfolio and underscore the firm’s commitment to financing utility-scale energy infrastructure that delivers long-term value for investors while strengthening domestic energy supply. Each project provides both solar generation and dispatchable storage capacity:
- Midpoint Solar Project – Hill County, Texas: approximately 127.05 MWdc of solar generation paired with a 50 MW/100 MWh battery energy storage system (BESS)
- Gaia Solar Project – Navarro County, Texas: approximately 183.84 MWdc of solar generation paired with a 75 MW/150 MWh BESS
Both projects were placed in service in 2025 and achieved stabilized full-scale operations during the first half of 2026. The solar facilities are expected to generate approximately 585 GWh of electricity annually, enough to power approximately 54,000 homes, or the combined residential requirements of both counties. The BESS components allow energy from the projects or other sources to be stored and dispatched when needed, further supporting a more stable grid for all users. Together, the projects add capacity to the Electric Reliability Council of Texas (ERCOT) grid at a time when electricity demand across Texas continues to climb, driven by manufacturing and data center expansion.
“The completion of Midpoint and Gaia represents another important milestone in Monarch’s mission to finance energy infrastructure that delivers both attractive investor returns and meaningful long-term impact,” said Bryan Didier, Partner and Managing Director Energy, at Monarch Private Capital. “Our partnership with Sunraycer demonstrates what’s possible when sophisticated developers marry with disciplined tax equity investors to bring complex utility-scale long-term energy solutions online.”
Unlike firms whose involvement ends at financial close, Monarch remains actively engaged throughout the life of every investment. Through comprehensive asset management, compliance oversight, and ongoing project monitoring, the firm works alongside its investors and developers to maximize long-term project performance and support successful outcomes throughout the investment lifecycle.
“Midpoint and Gaia are strategic additions to Sunraycer’s operating portfolio and reflect the strong execution and partnership required to bring large-scale energy projects online,” said David Lillefloren, Chief Executive Officer of Sunraycer. “Monarch’s tax equity expertise and engagement have been instrumental in bringing these projects to full-scale operation, and we’re proud of what our teams have accomplished together. Together, these projects are now delivering more than 310 MWdc of solar generation and 250 MWh of battery storage to the Texas grid, providing reliable, flexible capacity at a time when power demand is accelerating across the state.”
For more information contact Bryan Didier.
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that strengthen communities by creating energy, affordable housing, and jobs. Its funds provide predictable returns through federal and state tax credits in affordable housing, historic rehabilitation, energy, and film. Headquartered in Atlanta, Monarch maintains offices and professionals across the United States, partnering with institutional and individual investors, developers, and lenders to advance sustainable economic growth.
About Sunraycer
Sunraycer, a Crayhill Capital Management portfolio company, is a rapidly-growing, Annapolis, Maryland-based Independent Power Producer (IPP), that has a development, construction-stage, and operational pipeline of approximately 3 GW of solar and battery utility-scale power plants. The company prioritizes industry-leading best practices in transmission analytics, land analysis, and valuation, emphasizing flexibility and optimization to adapt to evolving market conditions and technologies. Sunraycer leverages enterprise-scale partnerships with proven industry leaders, as well as an experienced and driven in-house team of renewable energy experts, to accelerate the deployment of development-stage projects.
Sunraycer Media Inquiries
Jake Forrestal
Prosek Partners
pro-crayhill@prosek.com
ATLANTA (GLOBE NEWSWIRE) – Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, is pleased to announce the closing of its federal and New York State Historic Tax Credit investment in the Curtiss Hill redevelopment project in Hammondsport, New York.
Monarch enabled more than $2.5 million in combined federal and state historic tax credit equity investment to support the adaptive reuse of the former Glenn H. Curtiss Memorial School. The investment will help preserve one of the community’s most significant historic landmarks while creating much-needed housing and commercial space in New York’s Finger Lakes region.
Developed by MM Development Advisors, Inc., the project will transform the historic school building into 24 residential apartments, including six studio, fourteen one-bedroom, and four two-bedroom units. With monthly rents ranging from $1,200 to $2,375, the development will provide much-needed “missing middle” housing, serving workforce professionals, young families, and homeowners looking to downsize while remaining in the Hammondsport community.
The project addresses a growing shortage of quality workforce housing in Hammondsport, where limited rental inventory and increasing demand from seasonal vacation properties have made housing increasingly difficult for middle-income residents. In addition to the residential units, the redevelopment will include approximately 4,700 square feet of commercial space designed for retail, office, or other community-focused businesses.
Residents will enjoy modern amenities including a fitness room, elevator access, bike storage, outdoor recreation and garden space, secure package delivery, energy-efficient appliances, and pet-friendly accommodations.
Constructed in 1935, the former Glenn H. Curtiss Memorial School served as Hammondsport’s central school until its closure in 2010. The property occupies the former home site of Glenn H. Curtiss, widely recognized as the father of U.S. Naval Aviation and one of America’s pioneering aviation innovators. Located within the Hammondsport Historic District, the building represents an important part of the village’s architectural, educational, and aviation heritage.
“Historic tax credit investments do more than preserve remarkable buildings—they help communities address today’s needs while honoring their past,” said Rick Chukas, Partner and Managing Director of Historic Tax Credits at Monarch Private Capital. “Curtiss Hill is an outstanding example of how historic preservation can attract private investment, create much-needed housing, support local businesses, and strengthen communities for generations to come.”
“We’re excited to partner with Monarch Private Capital on the redevelopment of Curtiss Hill,” said Monica McCullough, President & Founder of MM Development Advisors, Inc. “This project preserves an important piece of Hammondsport’s history while addressing a real need for quality housing and flexible commercial space. We look forward to seeing the building once again serve as a vibrant gathering place and economic asset for the community.”
The redevelopment also embraces sustainable building practices by preserving and repurposing the existing structure, extending the life of the historic building while reducing the environmental impact associated with demolition and new construction.
For more information about the Curtiss Hill project, contact Rick Chukas or Monica McCullough or visit www.curtisshill.com.
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that strengthen communities by creating energy, affordable housing, and jobs. Its funds provide predictable returns through federal and state tax credits in affordable housing, historic rehabilitation, energy, and film. Headquartered in Atlanta, Monarch maintains offices and professionals across the United States, partnering with institutional and individual investors, developers, and lenders to advance sustainable economic growth.
Annual report showcases how strategic tax credit investments are strengthening communities, supporting essential U.S. infrastructure, and delivering measurable outcomes nationwide
ATLANTA (GLOBE NEWSWIRE) – Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, is pleased to announce the release of its 2025 Impact Report, Touchpoints, the firm’s annual publication showcasing how thoughtfully deployed capital creates meaningful economic, community, and infrastructure impact across the United States.
Through the theme of Touchpoints, the report explores the many connections where investment creates measurable impact, illustrating how Monarch’s partnerships with investors, developers, and community stakeholders transform tax liability into projects that strengthen infrastructure, expand opportunity, create jobs, preserve historic landmarks, and improve quality of life.
At Monarch, impact investing means deploying capital into essential U.S. projects that deliver competitive returns while strengthening communities and supporting long-term growth. Through tax credit investments in energy, affordable housing, historic rehabilitation, and domestic film production, Monarch supports reliable power, housing affordability, community revitalization, and job creation. These real-asset investments expand economic opportunity, preserve local assets, and promote energy reliability and price stability while providing predictable, risk-adjusted returns for investors.
The Touchpoints report demonstrates how these investments create measurable outcomes while generating long-term value for investors, communities, and project partners alike.
Since 2005, Monarch has invested in more than 1,000 projects across 42 states and Washington, D.C., generating approximately $9.5 billion in tax credits and deploying $7.6 billion in project capital.
Those investments have supported more than $23 billion in development costs, created and supported more than 400,000 jobs, developed more than 50,000 affordable housing units, and helped deliver nearly 8 GW of domestic energy capacity.
“Touchpoints reflects the many ways investment can create meaningful change,” said Melanie Frontczak, Managing Director of Sustainability & Tax Credit Investments at Monarch Private Capital. “Every project, partnership, and community we support represents a touchpoint where capital creates opportunity. This report highlights how purpose-driven investments can strengthen communities, expand economic opportunity, support critical infrastructure, and create lasting value for both investors and the people these projects serve.”
The 2025 Impact Report features several notable investments and initiatives, including:
• Clearway Pine Forest (Texas) – A landmark transfer credit transaction combining a 300 MW solar facility and 200 MW battery storage system expected to provide reliable, low-cost energy to power more than 90,000 homes.
• Louis Sullivan Building (Ohio) – The restoration of one of architect Louis Sullivan’s iconic “jewel box” banks, preserving an important cultural landmark while creating a vibrant community gathering space.
• MLK Library Apartments (Wisconsin) – A community-centered affordable housing development combining 93 residential units with a new public library to expand access to housing, education, and neighborhood resources.
• Monarch Mentor/Mentee Program – An employee development initiative designed to strengthen leadership, collaboration, and professional growth across the organization.
The report also examines the evolving tax credit and energy investment landscape, emphasizing the continued role of private capital in supporting energy infrastructure, affordable housing development, historic preservation, and economic growth nationwide.
View the full Touchpoints: 2025 Impact Report flipbook.
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that strengthen communities by creating energy, affordable housing, and jobs. Its funds provide predictable returns through federal and state tax credits in affordable housing, historic rehabilitation, energy, and film. Headquartered in Atlanta, Monarch maintains offices and professionals across the United States, partnering with institutional and individual investors, developers, and lenders to advance sustainable economic growth.
ATLANTA (GLOBE NEWSWIRE) – Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, is pleased to announce the closing of its Low-Income Housing Tax Credit (LIHTC) investment in ElevenEleven, the affordable housing portion of a new 303-unit multifamily development located at 1111 Sutter Street in San Francisco’s Lower Polk neighborhood.
Developed by Martin Building Company, ElevenEleven will provide 102 income-restricted homes within a new mixed-income multifamily community in one of the nation’s most supply-constrained housing markets. The development will expand access to high-quality housing, helping create new opportunities for individuals and families while contributing to the long-term vitality of the Lower Polk neighborhood.
Monarch’s LIHTC investment represents a key component of the project’s financing structure and underscores the firm’s commitment to expanding affordable housing where it is needed most.
“The demand for affordable housing continues to outpace supply in communities across the country, particularly in high-cost markets like San Francisco,” said Brent Barringer, Partner and Managing Director, LIHTC at Monarch Private Capital. “Our investment in ElevenEleven will help provide 102 deeply affordable homes and demonstrates the power of the LIHTC program to expand housing opportunities, strengthen communities, and generate meaningful long-term impact.”
“Closing this financing is a significant milestone for ElevenEleven. It reflects strong collaboration across our financing partners, public agencies, and project team,” said Patrick McNerney, President and Founder of Martin Building Company. “We’re grateful for Monarch’s investment and confidence in the project. As construction continues, we look forward to delivering a high-quality mixed-income community that strengthens the Lower Polk neighborhood.”
Expected to be completed in 2027, ElevenEleven will provide residents with proximity to employment centers, public transportation, educational institutions, and essential services. Residents will have access to the building’s amenities, including a two-level fitness center, dog oasis, rooftop terraces, social and co-working spaces, and a 4,000-square-foot childcare center.
The development reflects the impact of public-private partnerships and innovative financing solutions in addressing the nation’s affordable housing shortage.
Through investments like ElevenEleven, Monarch continues to deploy capital into developments that generate measurable community impact while delivering value to investors through tax-credit-driven financing structures. The firm’s affordable housing platform supports projects that expand housing access, create jobs, and foster sustainable economic growth in communities nationwide.
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that strengthen communities by creating clean power, affordable housing, and jobs. Its funds provide predictable returns through federal and state tax credits in affordable housing, historic rehabilitation, renewable energy, and film. Headquartered in Atlanta, Monarch maintains offices and professionals across the United States, partnering with institutional and individual investors, developers, and lenders to advance sustainable economic growth.
ATLANTA (GLOBE NEWSWIRE) — Monarch Private Capital, (“Monarch”) and Generate Capital, PBC (“Generate”) today announced the closing of a 104 megawatt (MW) energy investment portfolio.
The investment supports a diversified community solar portfolio consisting of over 15 community solar projects. The portfolio is expected to deliver $200 million in investment tax credits (ITCs), with the projects expected to commence operations in the second and third quarters of 2026. The annual electricity produced by these projects is the equivalent of powering more than 20,000 U.S. homes and simultaneously avoids 150,000 metric tons of carbon dioxide generation.
The projects are designed to expand access to reliable, cost-effective energy that supports continued electric load growth without burdening existing infrastructure or requiring costly transmission build-out that would be borne by ratepayers. The investment reflects a disciplined approach to deploying capital that supports reliability, affordability, and long-term energy system resilience.
“This portfolio expands energy supply, improves its reliability, and ensures it is available long-term at affordable rates,” said Bryan Didier, Partner and Managing Director of Energy at Monarch Private Capital. “By working with Generate, we’re supporting projects that deliver consistent value for our investors while providing assets and energy access that consumers want, all while strengthening the infrastructure communities depend on every day.”
“Generate is focused on building and operating infrastructure that delivers real, measurable value over time,” said Peggy Flannery, Managing Director at Generate Capital. “This portfolio reflects our shared commitment with Monarch to develop high-quality community solar energy assets that support growing demand and provide dependable, long-term cost-controlled performance.”
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that positively impact communities by creating energy, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.
About Generate Capital
Generate Capital is an investor and operator providing reliable and affordable energy solutions to customers for over a decade. Founded in 2014, Generate focuses on accelerating the energy transition by helping large energy users access power and connection faster in a grid constrained world. The firm supports data centers and other power-intensive facilities with multi-technology scalable energy infrastructure solutions, combining deep investment expertise with hands-on operating capabilities. Since inception, Generate has raised more than $16bn in capital and built a proven track record across critical infrastructure assets.
Division surpasses $835 million in total credits since inception, with significant momentum driven by recent years of expansion in historic rehabilitation and community revitalization nationwide
ATLANTA, (GLOBE NEWSWIRE) — Monarch Private Capital (“Monarch”), a national leader in tax credit investing, today announced a banner year for its Historic Tax Credit (HTC) division, closing 21 projects in 2025 that generated approximately $120 million in tax credits and supported more than $500 million in total development costs. The results reflect not only a record year for the division, but also the continued acceleration of Monarch’s historic platform as investor demand for tax-advantaged, impact-driven strategies continues to grow.
Monarch’s 2025 performance builds on strong momentum established in recent years, as the firm continues to expand its historic tax credit platform across geographies, asset types, and capital partners. The 2025 portfolio includes mixed-use, multifamily residential, and community revitalization projects in markets across the country, demonstrating Monarch’s ability to scale thoughtfully while maintaining disciplined underwriting and execution. As demand for adaptive reuse and historic rehabilitation continues to rise, Monarch is increasingly well positioned to deliver investors access to high-quality transactions with compelling economic and community impact.
Since the division’s inception in 2012, Monarch has closed 208 historic projects, generating approximately $840 million in tax credits and supporting more than $4 billion in total development. Importantly, that long-term track record is being strengthened by accelerating activity in more recent years, reflecting the growing depth of Monarch’s platform, expanding market opportunity, and continued confidence from developers, lenders, and investors. This combination of scale, consistency, and forward momentum positions Monarch as a national leader in historic preservation finance.
“2025 was a milestone year for our historic tax credit business, but more importantly, it reflects the momentum we’ve built across the platform over the last several years,” said Rick Chukas, Partner and Managing Director of Historic Tax Credits at Monarch Private Capital. “We are seeing a broader pipeline, increased transaction volume, and continued investor interest in historic rehabilitation as a strategy that can deliver both predictable tax credit outcomes and meaningful community impact.”
Featured Project Highlights
· Beaver Street – Brooklyn, NY
Located at 81 Beaver Street in Bushwick, Brooklyn, this adaptive reuse of the historic 19th-century William Ulmer Brewery transforms the site into a mixed-use development featuring 34 residential units and ground-floor retail. The project is expected to generate more than $8 million in federal historic tax credits and over $8 million in New York State historic tax credits, demonstrating strong alignment between urban infill redevelopment and tax-advantaged investment opportunities in a high-growth submarket.
· Harrower Village – Glendale, CA
Developed in partnership with the Glendale Housing Authority, Harrower Village is a 40-unit, 100% affordable senior housing community, addressing critical housing demand in Los Angeles County. The project will generate approximately $3.7 million in California state historic tax credits, reflecting the increasing role of state-level incentives in supporting mission-driven housing and preservation outcomes.
· Washington Lofts – Peoria, IL
Located at 800 and 801 SW Washington Street, this adaptive reuse project supports downtown Peoria’s revitalization by converting historic structures into modern residential housing. The development is expected to generate approximately $8.4 million in federal historic tax credits and $10.5 million in Illinois state historic tax credits, underscoring the scale and complexity of transactions that drive economic activity in Midwest markets.
·The Old Home (Louis Sullivan Building) – Newark, OH
Located at 1 North Third Street, this landmark building—originally constructed in 1914 and designed by Louis H. Sullivan, the “father of the skyscraper”—has been meticulously restored and repositioned as a community anchor for Explore Licking County. One of only eight surviving “jewel box” banks, the project combines architectural preservation with long-term civic use. Supported by Monarch Historic Preservation Fund III, the rehabilitation is expected to generate approximately $2.2 million in federal historic tax credits and $1.2 million in Ohio state historic tax credits beginning in 2025, reinforcing both its economic and cultural value.
· Stedman-Fuller Manufacturing Company Complex – Providence, RI
This historic rehabilitation project was recognized as a 2025 Rhody Award winner, underscoring Monarch’s ability to deliver projects that meet the highest standards of preservation excellence, design integrity, and community impact. The recognition provides third-party validation of the quality and execution that define Monarch’s historic investment platform.
Historic tax credits continue to play an increasingly important role in today’s investment landscape, helping bridge financing gaps for complex redevelopment projects while preserving culturally significant assets, addressing housing shortages, and driving economic activity. Monarch’s disciplined underwriting and deep expertise in structuring HTC transactions allow investors to access these opportunities with confidence and consistency. The firm’s approach is further validated by industry recognition, including award-winning projects such as the Stedman-Fuller Manufacturing Company Complex.
Looking ahead, Monarch expects continued growth in 2026, supported by a strong pipeline of opportunities and a market environment increasingly favorable to historic rehabilitation and adaptive reuse. Elevated interest rates and tighter lending conditions continue to create financing gaps that historic tax credits are uniquely positioned to fill, while sustained investor demand for tax-advantaged strategies is driving increased capital allocation to the asset class. At the same time, growing demand for housing, expanded state-level incentive programs, and the increasing focus on adaptive reuse as a cost-effective and sustainable development strategy are further strengthening market fundamentals. With expanding demand from both developers and investors, Monarch believes its historic platform is well positioned to build on recent acceleration while continuing to align investment performance with long-term community and sustainability goals.
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that strengthen communities by creating clean power, affordable housing, and jobs. Its funds provide predictable returns through federal and state tax credits in affordable housing, historic rehabilitation, renewable energy, and film. Headquartered in Atlanta, Monarch maintains offices and professionals across the United States, partnering with institutional and individual investors, developers, and lenders to advance sustainable economic growth.
ATLANTA (GLOBE NEWSWIRE) — Monarch Private Capital, a national leader in tax equity impact investing, enters 2026 positioned for its next phase of disciplined growth—scaling proven platforms across energy, affordable housing, historic rehabilitation, and film while continuing to deliver predictable outcomes for investors and measurable benefits for communities nationwide.
Impact at Scale
Since 2005, Monarch has managed tax equity investments generating more than $9 billion in tax credits and supporting more than $23 billion in project development costs. These investments have enabled over 50,000 affordable housing units, more than 7 gigawatts of energy capacity, and $42 billion in economic impact across 42 states and Washington, D.C.
In 2025 alone, Monarch closed investments that will generate approximately $2 billion in tax credits. Across this work, Monarch supported 3,775 affordable housing units, over 1.9 gigawatts of energy capacity, 21 historic rehabilitation projects, and 63 film projects—demonstrating consistent execution at scale.
Positioned for 2026
Building on continued momentum through 2025, Monarch’s focus in 2026 is disciplined execution—expanding access to predictable tax equity investments while maintaining strong risk management across market cycles. As electricity demand grows and housing affordability challenges persist, Monarch’s diversified platform remains well-positioned to support long-term infrastructure and community needs.
Monarch’s leadership also remains actively engaged in national policy discussions with lawmakers and industry stakeholders to help ensure recent legislative developments support market stability and continuity for tax credit programs.
“We’ve built a platform that performs across cycles, sectors, and regulatory environments,” said George L. Strobel II, Partner, Co-Founder, and Co-CEO. “Our focus in 2026 is scaling responsibly—deploying and managing tax equity where it delivers durable returns and lasting impact.”
Strategic Focus Areas
In 2026, Monarch will continue to:
- Expand its energy portfolio across solar, battery storage, fuel cell, equipment manufacturing, renewable fuel production and development, and other qualifying technologies
- Deploy capital efficiently to continue to enable the building of new and preservation of existing affordable housing
- Pursue continued growth in historic rehabilitation that preserves legacy assets and supports community revitalization
- Continue disciplined expansion in domestic film production tax credit placement and financing across key state incentive markets
- Refine its tax equity and structured capital platforms to enhance predictability and efficiency
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that positively impact communities by creating energy, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.
Film commissioners and other industry leaders convened Jan. 24 in Park City to discuss strengthening U.S. competitiveness, protecting domestic jobs, and responding to aggressive international production incentives
ATLANTA, Feb. 9, 2026 (GLOBE NEWSWIRE) — Monarch Private Capital and FilmUSA today recapped Lights. Camera. America!, a panel discussion held Jan. 24, 2026, during the Sundance Film Festival in Park City, Utah, focused on the future of U.S. film and television production and the growing impact of international production incentives on domestic jobs and investment.
Hosted at Top of Main Brew Pub in Park City, the event brought together more than 400 filmmakers, production executives, film commissioners, policymakers, and industry stakeholders. The discussion centered on how federal, state, and local leaders—working in collaboration with the private sector—can strengthen domestic production, protect American jobs, and ensure that the economic benefits of filmmaking remain within U.S. communities.
The panel at Sundance marked the third installment of the Lights. Camera. America! Series, an ongoing conversation focused on strengthening U.S. film and television production. Monarch Private Capital and FilmUSA plan to continue the dialogue at future industry gatherings, with details to be announced. Industry stakeholders are encouraged to follow FilmUSA and Monarch Private Capital to stay informed about upcoming panels.
“Film and television production is an economic engine—supporting jobs, small businesses, and local tax bases in communities across the country,” said Marco Cordova, Director of Film & Tax Credit Investments at Monarch Private Capital. “At Sundance, we heard a clear message from creators and production leaders alike: the U.S. needs competitive, predictable incentive frameworks to keep production—and its benefits—here at home. We’re proud to partner with FilmUSA to help elevate solutions that strengthen domestic production.”
Moderated by Marco Cordova, Director of Film & Tax Credit Investments at Monarch Private Capital, the panel featured industry leaders representing production, incentives, and policy perspectives, including Katie Patton Pryor, Co-Founder of FilmUSA; Brendan Gallavan, Production Tax Planning & Incentives at Netflix; Ryan Broussard, Vice President of Production Incentives at Wrapbook; Fred Siegel of Fred Siegel CPA; and Houston King, producer of Chasing Summer, which premiered at Sundance.
Throughout the conversation, panelists emphasized the increasing competitiveness gap between the United States and international markets, where long-term, predictable, and aggressive incentive programs continue to attract productions—and the associated jobs and economic activity—away from U.S. workers and communities.
“FilmUSA exists to keep the United States globally competitive in film and television, strengthening domestic production, jobs, and investment in communities nationwide,” said Katie Patton Pryor, Co-Founder of FilmUSA. “The Lights. Camera. America! conversation underscored how quickly the global landscape is changing and why stronger coordination across film offices and the private sector, along with a clear national screen strategy, is essential. We’re grateful to Monarch, Wrapbook, and our partners for convening leaders at Sundance to advance a practical, collaborative path forward.”
Following the panel, guests gathered for the Meet the Film Commissioners After Party, which provided an opportunity for filmmakers, commissioners, and industry stakeholders from across the country to continue conversations and build new connections.
“I very much enjoyed Monarch’s panel on film incentives in the U.S. at this year’s Sundance Film Festival,” said Andrea Sporcic Klund, Director of the Missouri Film Office. “Hearing directly from those actively advising creatives on U.S. incentives underscored that while many productions are choosing to film internationally, there are still a significant number leveraging state and local incentives here at home. Conversations like this are critical as we look ahead to the possibility of a national incentive that could elevate existing programs and strengthen the U.S.’s ability to compete globally.”
Wrapbook served as the supporting partner for the event, with Georgia Entertainment as the media sponsor.
Watch the full recorded panel from the Lights. Camera. America! Event here:
Lights. Camera. America! Sundance 2026 Panel Recording
If you’d like to learn more or are interested in hosting a panel in your area, please reach out to Marco Cordova at mcordova@monarchprivatecapital.com.
Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.
FilmUSA is the national association of U.S. film commissions, representing local, regional, state, and tribal jurisdictions across the country. FilmUSA works to enhance the global competitiveness of the U.S. film and TV industry, expand industry access, support global film partnerships, and promote domestic production.
The organization actively advocates for a Federal Film Office and a national screen strategy that includes: competitive policy frameworks that strengthen U.S. production, jobs, and IP; robust economic data and research to guide policy and investment; and inclusive, nationwide participation in the global screen economy.
ATLANTA (GLOBE NEWSWIRE) Crayhill Capital Management (“Crayhill”) and Monarch Private Capital (“Monarch”) are pleased to announce a strategic joint venture to facilitate hybrid preferred tax equity investments for renewable energy projects, including utility-scale solar, battery storage, and distributed generation projects. Crayhill has committed $300 million of capital into the joint venture, Monarch JVT Funding. Through Monarch’s best-in-class platform, the JV will invest in tax partnerships that will facilitate fair market value tax basis for renewable energy developers.
The JV is designed to provide a single-point solution that maximizes project tax credit value while minimizing transfer friction, supported by a single underwriting process and industry-standardized partnership and transfer documentation.
This partnership arose from Crayhill and Monarch’s familiarity and track record of success in tax equity-related transactions—success the firms expect to continue both together and independently.
Speaking about the new partnership, Crayhill’s Shweta Kapadia, MD of Power & Infrastructure said, “We’re excited to bring this new alternative to market. As an experienced partner and financier to development platforms with over 17 GW of utility-scale solar and battery projects financed, we appreciate the additional flexibility and simplicity this structure affords tax-inefficient developers, and those seeking more optionality relative to merchant and non-fixed contract economics. Combined with Crayhill’s pre-construction development capital, this product provides a complete pathway for renewable energy projects from early-stage development through tax-efficient monetization.”
Bryan Didier, Partner and Managing Director – Energy at Monarch Private Capital, added, “We see continued demand for this single-source financing package and are proud to partner to bring this offering to market.”
Those interested in more information about the offering should contact Bryan Didier (Monarch) at bdidier@monarchprivate.com
About Crayhill Capital Management
Crayhill Capital Management is a $2.9 billion, SEC-registered investment adviser specializing in asset-based finance. Since its founding in 2015, the firm has deployed over $4 billion across more than 50 transactions. Crayhill focuses on scalable, opportunistic asset-based investments, enabling its investors to benefit from a firm with a singular, deep focus on this specialized market. For more information, please visit https://crayhill.com/
About Monarch Private Capital
Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.