For more than 25 years, we’ve been dedicated to investing in America by creating quality jobs, preserving historic buildings, supporting low-income communities, and building a more sustainable future.
Stonehenge Capital specializes in flexible and patient lower-middle market debt and equity investments, supporting growth-stage small businesses in underserved areas across the U.S. The firm operates two distinct practices: Direct Investing, which focuses on federal, state-targeted economic development and small business programs, and Tax Credit Solutions, which maximizes and monetizes tax credits in renewable energy, historic preservation, film production, and state tax programs.
With a proven track record of over 25 years, Stonehenge has closed thousands of transactions, created numerous jobs, and delivered measurable social impact while providing strong financial returns to investors.
25+ years of experience
Over $1.4B in NMTC investments
Active in 40+ state tax credit programs
Customized financing structures
Services
Direct Investing
Provides flexible debt and equity financing for small businesses in underserved areas, leveraging federal, state-targeted economic development programs.
Maximizes and monetizes federal and state tax credits in renewable energy, historic preservation, film production, and other economic development programs.
Renewable Energy Tax Equity FundsTransferable Renewable Energy Tax CreditsFederal Historic Tax Equity FundsState Tax Credit Opportunities
Credentials & Certifications
New Markets Tax Credit (NMTC) Expertise
Since 2009
Historic Tax Credit Specialist
Since 2006
Film Tax Credit Producer Partner
Since 20+ years
Frequently Asked Questions
What is the Federal New Markets Tax Credit Program (“NMTC”)? +
The NMTC Program provides a tax incentive for private sector investments into economic development projects and businesses located in low-income communities.
What is a Small Business Investment Company (“SBIC”)? +
An SBIC is a privately owned investment company, regulated by the Small Business Administration, whose mission is to provide debt and equity capital to qualified small businesses nationwide.
How do you define a Low to Moderate Income (“LMI”) Community? +
An LMI Community has a household income no more than 80% of the area median income, or poverty rates in excess of 20%, or unemployment greater than 1.5x the national average for the county or area where they reside.
