Monarch Private Capital
Monarch Private Capital (MPC) was founded in 2005 as a partnership between an Atlanta, GA based low income housing developer, Robin Delmer, and a high net worth family office tax advisor, George Strobel. MPC has a long history of tax innovation developing customized tax credit strategies which align with clients’ current and future financial objectives. MPC is an investor and syndicator of both state and federal tax credits nationwide. Our focus is to provide innovative capital solutions to the renewable energy, low income housing, film and historic rehabilitation industries. Initially, MPC invested in Georgia low income housing projects to receive allocations of Low Income Housing tax credits (LIHTC) which it funded through a combination of equity, bank debt and seller financing. It marketed the LIHTCs directly to taxpayers through its network of CPAs, lawyers, Family Office Mangers, and other tax advisors in the southeast. MPC expanded by investing selectively in developments or projects, whether low income housing, historic rehabilitation, or renewable energy, that generated tax credits in Georgia and other states. In doing so, MPC developed a brand as a high quality provider of multi-state tax credits of all varieties. In 2006, MPC began servicing movie production studios and brokering Georgia film credits generated by major studios. Since that time, MPC has invested in opportunities in many states throughout the U.S. and has provided tax credit services to studios in GA, LA, SC, FL, CA and Puerto Rico amongst others. MPC is headquartered in Atlanta and has regional offices in Charlotte, Sarasota, St. Louis and Springfield, Missouri. Additionally, MPC has tax credit directors located in Los Angeles, Chicago, New Orleans and Nashville. Its credit offers and investors now span the entire US.
Real Estate Specialization
| Affordable Housing |
Investment Type
| Equity syndication/Club Deal |
Robin Delmer
- 678.576.7905
- rdelmer@monarchprivate.com
Robin Delmer co-founded Monarch Private Capital in 2004. As Managing Director of Acquisitions, Delmer is charged with identifying worthwhile tax credit-generating investment opportunities. For more than a decade, he has introduced influential investors to tax credit funded projects in the country’s most significant and leading-edge industries, including Georgia’s film and entertainment business, North Carolina’s flourishing renewable energy industry, and the preservation and rehabilitation of historically significant landmarks throughout the Southeast. Delmer leads the asset management group, overseeing existing investment projects in more than a dozen states. Prior to MPC, Delmer worked as an investment banker for Equitable Securities. Later, he became a founding partner of Capitol Development Group, an Atlanta-based affordable housing developer responsible for the creation of more than 5,000 high quality residential units across Georgia and Florida. Delmer launched his first entrepreneurial venture while earning his bachelor’s degree in economics from Vanderbilt University by opening the San Antonio Taco Company. After expanding the business into a popular restaurant chain, Delmer sold the company in 1990. It remains in operation in Nashville, TN. Delmer is involved in numerous civic and community projects and is currently on the board for Live Thrive Atlanta, a nonprofit organization focused on creating a sustainable environment including the management of the Center for Hard to Recycle Materials. He previously served on the board for Litehouse Partners, Atlanta Urban League and Preferred Real Estate Funds, LLC, among other organizations.
Craig Hoffman
- 646.552.1774
- choffman@monarchprivate.com
Craig Hoffman serves as the Chief Financial Officer of Monarch Private Capital. Hoffman is responsible for oversight of all finance, treasury and accounting functions. Directly involved with transaction structuring, he monitors MPC investment funds, and tracks the performance of the firm’s investments. Hoffman has 25 years of professional experience, with more than 15 years devoted to acquisitions, transaction structuring and finance. Prior to MPC, he worked as an investment banker and head of a mergers and acquisitions group for a publicly traded company. Hoffman has successfully closed public and private M&A transactions and raised debt and equity capital for public and private companies in the financial and consumer industries. Hoffman’s career began at Arthur Andersen & Co., where he practiced M&A corporate tax work in Atlanta, GA. He holds an MBA from the Columbia Graduate School of Business, and a bachelor’s degree from Furman University. Hoffman was previously a CPA and Series 24 license holder.
Lacie Clark
- 417.234.1821
- lclark@monarchprivate.com
Lacie Clark serves as Chief Operating Officer of the Renewable Energy Assets division of Monarch Private Capital. Clark’s responsibilities include leading and managing the firm’s renewable energy assets division as well as handling strategic management and operational oversight of MPC’s business units. Clark has more than eight years of experience in renewable energy. Prior to joining MPC, Clark served as chief operating officer for Gardner Capital, Inc. In her capacity at Gardner, Clark was involved in all aspects of the tax credit business, including strategic management of renewable energy development deals. Clark previously served as associate general counsel for Associated Electric Cooperative, Inc. where she provided lead legal counsel for the facility, which provides more than 600 megawatts of wind energy to 875,000 residential customers in Missouri, Oklahoma and southeast Iowa. Clark’s renewable energy experience is particularly relevant to MPC’s growing energy assets business, having previously served in strategic management roles, business development and legal capacities on behalf of investors, developers and utilities. Clark has a JD/MBA from Marquette University in Milwaukee and a Bachelor of Business in Finance from Western Illinois University.
George Strobel, II
- 404.372.3383
- gstrobel@monarchprivate.com
George Strobel co-founded Monarch Private Capital in 2004, and serves as Managing Director of Tax Credit Investments for the organization, matching investors to projects which qualify for state and federal tax credits in the areas of renewable energy, low income housing development, historic property rehabilitation and film and entertainment production, among others. For more than a decade, Strobel’s expertise with a wide range of tax credit programs has allowed MPC’s investors to fund worthwhile projects in more than a dozen states across the US while satisfying their corporate or personal tax liability objectives. Prior to launching MPC, Strobel was a Partner at Arthur Andersen and served as associate director of the Arthur Andersen Center for Family Business. He has worked on financial and estate plans for many Forbes 400 individuals and family businesses throughout the United States. His depth of experience and understanding of tax law has led to frequent speaking engagements at finance, tax and accounting association events. Strobel earned a BA in economics from Davidson College, and both a Master’s of Accounting and Taxation and a JD from the University of Georgia. He is an active member of the Georgia Bar and is a certified public accountant in Georgia, South Carolina, North Carolina, Tennessee and Florida. He is a registered investment advisor and a licensed life insurance agent.