Decades of setting the example

Our Experience

Stonehenge was formed in 1999 with a framework that has enabled growth by focusing on delivering economic results and corresponding social and environmental impacts. The success has been fueled by teamwork, entrepreneurial spirit, creativity and flexibility.

Our culture and experience has enabled each business line to develop new products without compromise to our core values. Stonehenge has provided capital to support small businesses, historic & affordable real estate developments, film productions and renewable energy projects across the country. A majority of these investments have helped clients satisfy Community Reinvestment Act (“CRA”) ratings and supported the pursuit of Environmental, Social and Corporate Governance (“ESG”) standards.

Another key component of our success is the relationships that we have established and nurtured with our clients, portfolio companies, policymakers and program administrators, all of whom share our commitment to providing capital in underserved areas that have the ability to make positive social, economic and environmental impacts.


Stonehenge Capital Corporation is formed as a spin-out by former principals of Banc One Capital to manage previously closed economic development investment funds


Closes first of 12 State Targeted Funds


Stonehenge invests in projects that generate state film and other incentives


Stonehenge forms a Community Development Entity to invest federal NMTC allocations into low-income communities in partnership with the National Urban League (“NUL”)


Stonehenge expands to invest in state historic tax credit programs


Stonehenge invests in state renewable energy tax credit programs


Stonehenge expands to participate in state New Markets Tax Credit programs


Stonehenge principals form Heelstone Energy to develop utility-scale solar


Stonehenge enters the federal historic tax credit equity market


Stonehenge begins small business investments in rural America through state rural-focused programs


Heelstone Energy is sold


Stonehenge invests in the 10th consecutive federal NMTC allocation in severely distressed communities


Stonehenge receives a SBIC license from the SBA to make direct investments in low-income communities


Stonehenge forms two distinct business lines, Tax Credit Services and Direct Investing


Stonehenge closes its 13th federal tax equity fund to support historic rehabilitation and renewable energy projects