Merchants Capital announced the promotion of Josh Reed to executive vice president. Reed leads the acquisitions team within Merchants’ tax credit equity division and previously served as senior vice president. Since joining the company in late 2020, Reed has been instrumental in developing equity relationships with new and existing partners and has played a leading role in the growth of Merchants Capital as a leading national syndicator with over $650 million in closed lower-tier equity since inception with top industry developers in nearly 30 states.