Vine Investment Partners, LLC (Vine), established in 2020, is a federal tax credit investment management firm specializing in the origination and oversight of tax credit funds. Our investor base is diverse, ranging from investment-grade investors to Fortune 15 companies and community banks. Vine is primarily owned by Harbor Capital, LLC, which was founded in 2009 to invest in distressed debt through FDIC-appointed brokers. Addison Henry, the managing member and CEO of Vine, previously served as CEO and managing member of REA Investments, LLC, where he managed more than 200 tax credit funds (about 2 billion monetized) and 400 MW of solar assets.
Addison Henry, CEO
Vine Investment Partners, LLC
OUR SERVICES
- Investment Management for Tax Credit Funds (throughout the compliance period)
- Project Origination
- Transaction Coordination and Management
- Legal Due Diligence
- Financial Analysis
- Investment Analysis
- Legal Structuring (through outside legal counsel)
VINE’S TAX CREDIT (ITC) PARTNERSHIP PROCESS: Aligning Investor and Developer Interests
Vine collaborates with both developers of Investment Tax Credits (ITCs) and investors looking to reduce their effective tax rates by investing in or purchasing federal tax credits generated through eligible properties. Investors partner with Vine to underwrite and secure future streams of ITCs, while developers work with Vine to obtain tax equity funding in advance of construction (subject to conditions precedent to funding).
Once the investor gives approval to proceed, legal counsel is engaged, and the investment structure is established—whether it be a partnership flip, transferable, or inverted lease. We then conduct a thorough review of both the tax credit fund operating agreement and the Holdco operating agreement. It is crucial for both investors and developers to review and understand the conditions precedent to funding. Notably, before the investor contributes capital, the project(s) will have already undergone due diligence and secured initial construction loan closings.
Vine’s asset management fee for structured transactions with a preferred return is subordinate to the investor’s preferred return in the waterfall, ensuring our interests are aligned with those of the investor. Typically, Vine covers up to $200,000 in legal fees for the tax credit fund, which in turn reduces our acquisition fee. Additionally, tax counsel provides a legal opinion, and tax credit insurance is mandatory for all transactions.
OUR COMMITMENT TO A TRANSPARENT AND SECURE INVESTMENT PROCESS
The overview of our process outlined above is designed to ensure transparency, risk mitigation, and alignment of interests between Vine, developers, and investors. By adhering to a thorough due diligence process and setting clear conditions precedent, Vine strives to provide investors with secure, tax-advantaged opportunities.
Our commitment to supporting investors throughout the process—covering significant legal fees, providing a structured asset management approach, and ensuring tax credit insurance—reflects our dedication to achieving successful outcomes. As a trusted partner, Vine looks forward to working closely with you to secure future streams of Investment Tax Credits, ultimately reducing your effective tax rate while contributing to clean energy development.
If you have further questions or need clarification on any part of the process, our team is here to assist.
Vine Investment Partners, LLC
301 Settlers Trace Blvd. Ste 200 Lafayette, LA 70508
[email protected]
(337) 258-2449
