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.
Monarch Private Capital is proud to announce that as of Q3 2025, the firm has surpassed a major milestone — more than 1,000 projects financed and managed nationwide.
Since its founding in 2005, Monarch has managed tax equity impact investments generating nearly $9 billion in federal and state tax credits. These investments have enabled more than $20 billion in project capital and created $40 billion in economic impact across 42 states and Washington, D.C., advancing affordable housing, historic preservation, renewable energy, and U.S. film production.
Through these investments, Monarch has:
- Financed 1,000+ projects, fueling $40 billion in economic impact.
- Created 50,000+ affordable housing units, delivered $10 billion in energy development, and completed 200+ historic rehabilitations.
- Transferred over $1.5 billion in film tax credits, supporting hundreds of U.S. film productions and job creation across the entertainment industry.
“This milestone underscores our mission to channel private capital into projects that generate lasting social and environmental impact while providing predictable returns for our investors,” said George L. Strobel II, Partner, Co-Founder, and Co-CEO of Monarch Private Capital.
Monarch continues to build on its legacy of impact, working alongside investors, developers, and community partners to strengthen sustainable economic growth across the nation.
We are proud to share that Robin Delmer, Co-Founder and Co-CEO of Monarch Private Capital, has been appointed to the Board of Directors of the High Museum of Art.
For decades, Robin has connected influential investors to projects in energy, affordable housing, historic preservation, and film and entertainment—helping drive both economic growth and community impact. His leadership extends beyond Monarch through service on boards including the Solar Energy Industries Association (SEIA), Live Thrive Atlanta, Litehouse Partners, the Atlanta Urban League, and the Westside Future Fund.
Robin’s appointment reflects his deep commitment to strengthening communities and advancing culture in Atlanta and beyond.
Read the full announcement from the High Museum of Art
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 $80 million in Low-Income Housing Tax Credit (LIHTC) investments during the month of June. These transactions span six properties across five states, reinforcing Monarch’s position as a national leader in affordable housing finance and its commitment to supporting communities from coast to coast.
The firm’s June closings include partnerships with long-standing development leaders across diverse markets:
- Durelee Lane – Douglasville, Georgia
Developed by Southport Development
A critical new development expanding affordable housing stock in metro Atlanta. - Foundry Row Apartments – Muncie, Indiana
Developed by TWG Development
A workforce housing community supporting revitalization in east central Indiana. - Hardin Terrace II – Jefferson, Georgia
Phase II developed by Zimmerman Properties
An expansion of affordable housing in a fast-growing Northeast Georgia city. - Eastland Apartments – Tulsa, Oklahoma
Developed by Zimmerman Properties
A multi-phase community serving families in northeastern Oklahoma. - Belle Haven Apartments – Gaffney, South Carolina
Developed by Schaumber Development
A key investment in upstate South Carolina, located along the I-85 corridor between Greenville and Charlotte, where rents have increased significantly due to growing housing demand. - El Camino Apartments – Oceanside, California
Developed by MirKa Investments
A high-impact preservation project in Southern California’s coastal region.
“These closings underscore the strength of our developer relationships and demonstrate that sound projects continue to attract capital—even in a tighter market,” said Brent Barringer, Managing Director LIHTC at Monarch. “Our team remains focused on identifying and executing on opportunities that create value for our investors while delivering critical affordable housing across the country.”
Despite rising construction costs, shifting capital markets, and regulatory headwinds, Monarch continues to deploy private capital into high-impact housing solutions. The firm’s transactional velocity in June signals strong investor demand for well-structured community investments that deliver both financial returns and social impact.
For more information about Monarch Private Capital, visit www.monarchprivate.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.
The now “fully” passed bill heads to the President’s desk for signature (anticipated July 4, 2025). While not an ideal outcome, we are pleased that Monarch’s persistent direct advocacy resulted in several improvements over House Resolution 1 as well as both the initial Senate Finance Committee text and the proposed legislation originally brought to the floor. In fact, the final law retained credit eligibility for solar and wind projects under a begun construction exception consistent with what Monarch suggested via multiple senate/staff/committee channels within hours of the final legislative text being released on Saturday, June 28.
Notably, the new law ensures viable energy credit investment and purchase opportunities for the long term, and in our view, continues “business as usual.” While the tenor for solar and wind has been abbreviated, credits for some technologies (sustainable fuels) have been extended and others (fuel cells) have been added. Monarch will continue to be a market leader and innovator in all energy credit areas, and we are proud of the work we’ve done with existing and new developer partners throughout this legislative process. Those now stronger partnerships afford a broad spectrum of opportunities and structures from credits involving solar, storage, wind, geothermal, fuel cells, and other electricity generating or equipment manufacturing facilities, as well as credits from sustainable fuels and carbon sequestration, among others.Snapshot of the passed bill and certain energy credits:
- Solar and Wind – credits available for projects that commence operating as late as 2030
- Projects need to either
- Begin construction by July [4], 2026 (anniversary of actual presidential signature) (project would then have until the end of 2030 to commence operations) OR
- Commence operating before the end of 2027
- Projects that “begin construction” in 2026 or later will have restrictions on component sourcing (Monarch will underwrite and monitor compliance)
- Projects need to either
- Storage (battery), geothermal, and fuel cells – credits available for projects that commence operating as late as 2036
- Projects that “begin construction” in 2026 or later will have restrictions on component sourcing (Monarch will underwrite and monitor compliance)
- In addition to potential component restrictions, projects need to begin construction by the end of 2032
- Fuel cell projects eligible if begin construction after December 31, 2025
- Clean Fuel Production – credits available for production through the end of 2029 (extended two years)
- Added foreign ownership/assistance prohibitions
- Advanced Manufacturing Production Credit (manufacture of energy production components) – continues at current level through 2029, with 25%/annum phase down thereafter
- Adds restrictions on foreign ownership and component sourcing
- No credits for wind components manufactured/sold after 2027
- Transfer Credits – eligible for the credit types identified above.