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.
Interview by Adam Mendler
Monarch Private Capital is proud to share that our Co-Founder and Co-CEO, George Strobel, was recently featured in an in-depth interview conducted by Adam Mendler, a nationally recognized authority on business and leadership.
Adam Mendler is the creator and host of Thirty Minute Mentors, a top-rated leadership podcast where he regularly interviews America’s most successful CEOs, founders, athletes, and public figures. With over 500 interviews and more than 70 published articles in major media outlets including Forbes, Inc., and HuffPost, Adam is widely regarded for his ability to draw out meaningful insights on leadership, strategy, and personal development.
In the interview, George reflects on the early experiences that shaped his career, the founding and growth of Monarch Private Capital, and the guiding principles that continue to drive our mission—creating long-term value through tax equity investments that deliver both financial returns and measurable community impact. He also offers thoughtful perspectives on entrepreneurship, team-building, and the importance of resilience and integrity in leadership.
Read the full article here.
Highlighting Scaled Impact, Strategic Innovation & Community Revitalization
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 proud to announce the release of its 2024 Impact Report called Touchpoints. The report captures a year of remarkable growth, with more than $3.4 billion in total economic impact, 1.7 GW of clean energy capacity added, and over 2,400 new affordable homes created. These outcomes reflect Monarch’s deepening commitment to sustainability and community development.
In this year’s edition of Touchpoints, Monarch documents how impact-driven capital continues to serve as a catalyst for positive change. Through powerful tools like adder credits, transferable tax strategies, and investment in tax equity projects, the firm is aligning innovative financial structures with community transformation. With over $14 billion in assets under management, Monarch has become a go-to partner for forward-thinking investors and developers committed to creating measurable, lasting outcomes.
Key Milestones & Highlights
• $3.4B in economic impact in 2024
• 1.7 GW of new clean energy financed
• 2,400+ affordable housing units created
• 18 historic rehabilitation projects
• 35K+ jobs
“Our 2024 impact report reflects more than numbers… it reflects our progress, purpose, and the power of our investments,” said Melanie Frontczak, Managing Director of Sustainability & Tax Credit Investments at Monarch Private Capital. “We’re proud of what we’ve built and even more excited about what lies ahead.”
Explore the 2024 Impact Report: Touchpoints
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.
Strategic hire underscores Monarch’s commitment to cutting-edge technology, data governance, and cross-functional excellence
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 that Michael Powley has joined the firm as Manager, Technology Innovation. In this newly created role, Powley will lead Monarch’s ongoing data transformation initiatives, driving the integration of cutting-edge technology solutions to optimize portfolio management, streamline business processes, and support strategic decision-making across the firm.
Powley’s efforts will be central to advancing Monarch’s vision for a fully integrated, data-driven organization. While anchored in the Asset Management group, his work will extend firm-wide, designing and implementing systems that enhance visibility, reduce redundancy, and enable real-time insights across the investment lifecycle.
“Monarch’s data analytics inform our decisions from the underwriting process all the way through project exit. Michael’s addition to Monarch demonstrates our commitment to integrating the best technology solutions available to leverage our data, eliminate latency, and drive value,” said Emily DiCenso, Managing Director of Asset Management at Monarch Private Capital. “His expertise will ensure we continue to differentiate ourselves in the industry with best-in-class policies and procedures that safeguard our investments and, in turn, our investors’ returns.”
Michael Powley brings over a decade of experience in data governance, business intelligence, and process automation. Prior to joining Monarch, Powley spent seven years at Midwest Housing Equity Group (MHEG), where he developed automation frameworks, predictive analytics models, and AI-driven solutions for asset management and underwriting. He also held a pivotal role at Lowe’s, where he helped develop state-of-the-art selling and fulfillment platforms, revolutionizing inventory management and operational efficiency.
At Monarch, Powley will continue his focus on building durable, intelligent systems that support the firm’s investment activities in affordable housing, renewable energy, and historic rehabilitation. His efforts will elevate Monarch’s ability to scale responsibly and remain at the forefront of industry innovation.
“Monarch’s commitment to leveraging industry-leading technology that bridges the gaps between data, people, and decisions is what drew me to the firm,” said Powley. “I’m excited to help grow how
Monarch uses analytics, automation, and AI to give our teams better tools to make our work easier, decisions clearer, and our impact even stronger.”
Outside of work, Powley enjoys life in Omaha, Nebraska, with his wife and three kids. He stays actively involved in the community, collaborating with local non-profits to solve challenges and build practical, tech-driven solutions that support their missions. 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.
ATLANTA, May 1, 2025 (GLOBE NEWSWIRE) – Monarch Private Capital (Monarch) is proud to announce it has received the 2025 Award for Excellence in Tax Equity Impact Investing USA from Capital Finance International (CFI.co). This prestigious recognition highlights Monarch’s leadership in leveraging tax equity financing to catalyze high-impact investments across clean energy, historic rehabilitation, and affordable housing.
Since 2005, Monarch has generated over $7 billion in tax credits through more than 900 projects, strengthening communities and accelerating the clean energy transition. The CFI.co judging panel recognized Monarch’s exceptional technical, financial, and legal diligence, comprehensive investor disclosures, and tailored investment strategies as setting a new standard in the field.
A standout component of Monarch’s offering is its proprietary asset monitoring software, designed over three years to deliver customized performance tracking and robust quarterly and annual reporting. The firm’s approach integrates change-of-law protections, policy engagement, and individualized investment structuring, aligning with investor risk profiles and long-term sustainability goals.
“Tax equity is a vital financial tool that fuels the growth of clean energy, affordable housing and historic rehabilitation in the U.S.,” said George Strobel, Partner, Co-Founder and Co-CEO of Monarch Private Capital. “We are honored to receive this recognition from CFI.co, which reflects not only our technical and fiduciary rigor but also the mission-driven culture that inspires our team to drive impact every day. Monarch remains committed to delivering tailored, high-integrity investments that support our investors’ goals while advancing critical national priorities.”
The CFI.co judging panel also recognized Monarch’s exceptional talent retention and long-standing relationships with investors and developers, crediting these strengths for its success in structuring resilient, high-performing investment vehicles.
“Monarch Private Capital exemplifies the transformative potential of tax equity impact investing,” said Anthony Michael, Publisher at CFI.co. “Their deep commitment to transparency, investor alignment, and measurable outcomes distinguishes them as a true industry leader. We’re pleased to celebrate Monarch’s achievements with this year’s award for Excellence in Tax Equity Impact Investing in the U.S.”
For more information about the award, visit: https://cfi.co/awards/finance/2025/monarch-private-capital-excellence-in-tax-equity-impact-investing-usa-2025/
To learn 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.
Seasoned legal and transaction management professional brings deep experience in renewable energy investments to support Monarch’s growing clean energy portfolio.
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 welcome Thomas Barnes as Manager, Renewable Energy.
In this newly-created role, Barnes will facilitate all aspects of investment execution, including onboarding, investment alignment, fund documentation, underwriting/closing, and subsequent fundings. He serves as a key liaison between Monarch’s investors and developer partners, working with internal placement, project management, operations, and asset management teams—ensuring a seamless and #bestinclass transaction process.
Barnes brings extensive tax credit structuring and legal experience to Monarch. Prior to joining the firm, he held several roles within the renewable energy division at U.S. Bank, most recently serving as Syndications Project Manager. In that role, he led investor communications and due diligence efforts, negotiated transaction documents, and facilitated the closing of tax credit investments. Earlier in his tenure at U.S. Bank, Barnes served as an Asset Manager, overseeing a portfolio of renewable energy investments and supporting risk mitigation efforts across legal, tax, and credit functions. Before transitioning into renewable energy finance, Barnes practiced law for nearly a decade, focusing on corporate transactions and contract negotiation for a wide range of clients and industries.
“Thomas brings a rare combination of legal acumen and transaction execution experience to our already strong team,” said Bryan Didier, Partner and Managing Director of Renewable Energy at Monarch Private Capital. “His ability to manage complexity, collaborate across functions, and drive high-quality outcomes for our investors will undoubtably enhance our #everbetter, #bestinclass execution process.”
In addition to his transaction responsibilities, Barnes will contribute to process innovation, cross-functional collaboration, and risk management strategies across Monarch’s clean energy portfolio.
“Monarch is known for its thoughtful, high-performing culture, and I’m excited to be a part of a team that prioritizes excellence and investor success,” said Barnes. “I look forward to contributing to a strong foundation that enables the firm to continue scaling with impact.”
Barnes earned his Juris Doctor from the University of Minnesota Law School and a Bachelor of Arts in English from the University of St. Thomas. Committed to giving back, he has volunteered with organizations including Catholic Charities, Feed the Children, and Project Offstreets, and has mentored and coached youth in both Minneapolis and Denver.
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.
Seasoned investment professional joins as Manager, Renewable Energy to support high-quality deal execution and process excellence across Monarch’s growing clean energy portfolio.
ATLANTA, April 8, 2025 (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 welcome Jennifer Hua as Manager, Renewable Energy.
In this role, Hua will be responsible for identifying and executing on renewable energy opportunities that generate solid and de-risked returns for Monarch’s investors. Her focus includes sourcing, negotiating, structuring, and executing complex tax equity and credit transfer transactions across a diverse portfolio of renewable energy assets.
Hua brings a decade of energy sector experience to Monarch. Most recently, she served as Associate Vice President at Foss & Company, where she led due diligence and underwriting for a wide range of projects including solar, battery energy storage systems (BESS), renewable natural gas (RNG), fuel cells, and advanced manufacturing. Prior to that, Hua spent seven years at Williams Companies, where she held various roles, culminating in Business Development within the company’s New Energy Ventures division. Her experience includes behind-the-meter solar and storage development, M&A support, and counterparty risk management.
“Jennifer brings the right mix of experience, leadership, and creativity to help further develop Monarch’s #bestinclass processes,” said Bryan Didier, Partner and Managing Director at Monarch Private Capital. “We are building a team that’s not only highly skilled, but collaborative and forward-thinking—and Jennifer is exactly the kind of leader who will elevate the work we’re doing and help us scale with excellence.”
In addition to her transaction responsibilities, Hua will contribute to the #everbetter of Monarch’s #bestinclass processes, supporting efforts to ensure the highest quality in underwriting, risk analysis, and investor outcomes. As part of the Renewable Energy leadership team, she will collaborate on key initiatives to strengthen internal systems, improve cross-functional coordination, and advance consistency and quality for Monach’s clients across the transaction lifecycle.
“Monarch is doing the kind of work that moves the needle in clean energy, and I’m excited to join a team so committed to excellence and impact,” said Hua. “I look forward to contributing to a strong culture of collaboration and continuous improvement—particularly in how we close transactions, support investor outcomes, and scale through smart, standardized processes.”
Hua holds an MBA from the University of Tulsa and a BBA in Finance and International Business from the University of Oklahoma. She is an active member of Women of Renewable Industries and Sustainable Energy (WRISE) and the Junior League of Denver. Outside of work, she enjoys travel, skiing, cycling, and yoga.
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.
ATLANTA, April 2, 2025 (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, welcomes James O. (Jimmy) Etheredge, former CEO of Accenture – North America, as a member of the firm’s Executive Management Committee and a Managing Director of Corporate Solutions.
With nearly four decades of experience working with Fortune 500 companies to transform their businesses, Etheredge brings deep expertise in corporate transformation and strategic growth. As CEO, he grew Accenture’s North America business to $30 billion. He will lead a strategic initiative to optimize renewable energy, historic rehabilitation, and affordable housing tax strategies and solutions for institutional and corporate investors. His board roles at the Federal Reserve Bank of Atlanta, Southern Company, Encora, and Grant Thornton further position him to add long-term value to Monarch’s mission of delivering financial and social benefits through impact investment strategies.
“Joining Monarch is the culmination of a long-standing passion I have had for driving positive change through smart and innovative investments,” said Etheredge. “This opportunity allows me to leverage decades of financial experience, passion, and leadership to positively impact corporate America. I am honored to help Monarch scale its mission and align capital with real-world impact.”
“Jimmy’s ability to build lasting relationships and drive strategic innovation makes him an invaluable addition to Monarch,” said Robin Delmer, Partner, Co-Founder & Co-CEO at Monarch Private Capital. “His expertise in corporate growth and leadership in navigating evolving markets will strengthen our ability to deliver value to investors and the communities we serve.”
Beyond his executive leadership, Etheredge contributes to the Woodruff Arts Center, Atlanta Police Foundation, and the Boy Scouts of America through nonprofit board service. A Georgia native, Etheredge holds a B.S. in Industrial Engineering from the Georgia Institute of Technology, where he is a trustee and member of the university’s Hill Society.
Etheredge’s hire reinforces Monarch’s commitment to attracting proven business leaders who can help the company deliver unparalleled solutions to corporate tax equity investors. 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.