About Greenline Ventures
Greenline Ventures LLC is a financial services company that specializes in capital markets solutions for economic development activities nationwide. With approximately $350mm of assets currently under management, Greenline provides debt and/or equity capital for projects and operating businesses that are capable of generating strong risk-adjusted returns for its investors as well as a positive impact on the local communities.
Greenline was formed in 2011 as part of the management-led buyout of Capmark Financial Group’s New Markets Tax Credit division. Greenline is 100% owned by the former employees of this division, which remained very successful and active throughout the recent economic downturn and subsequent bankruptcy filing by its parent, Capmark, in 2009.
The Greenline team has significant knowledge, experience and skills relating to investment banking, commercial lending, community development and asset management. Since its inception in 2004 as an operating division within Capmark, the Greenline team has raised over $1.8 billion in capital and invested in over $2.5 billion of projects and businesses throughout the country. Greenline has been the recipient of eight NMTC awards totaling $547 million.
Greenline is headquartered in Denver, CO and maintains offices in Washington, DC and Baltimore, MD.
Greenline’s roots began within a well-respected investment banking firm formed in the 1980s, Newman and Associates, Inc. Newman, the nation’s leading underwriter of tax exempt affordable housing projects, was acquired by GMAC Commercial Holding Corporation in 1998 (which was subsequently renamed Capmark in 2006 as part of a leveraged buyout by investors including KKR and Goldman Sachs). While at Newman/Capmark, the principals of Greenline leveraged their experience in affordable housing finance and tax credits to become an active participant in the burgeoning new markets tax credits (NMTC) industry. In 2004, these individuals created a distinct platform within Newman/Capmark to focus on NMTC activities, quickly establishing itself as a leader in the industry.
The division remained successful throughout the economic recession that commenced in 2008 and subsequent bankruptcy filing by Capmark in 2009. Upon Capmark’s entrance into bankruptcy, the principals of Greenline undertook an 18+ month effort to execute a management buyout of the division, which was completed in April 2011 and resulted in the formation of Greenline Ventures.
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