Main.cs, main draw call:
protected override void Draw(GameTime gameTime)
{
	#region Draw World
	//begin and end calls are taken care of inside world.Draw
	world?.Draw(batch);

	world?.DrawExtraEntity(batch, "outline");
	CompoundShaderDraw.Draw(batch, entityTarget, effectCompoundTarget, Color.Transparent, BlendState.AlphaBlend, outlineEffects);

	GraphicsDevice.SetRenderTarget(worldTarget);
	GraphicsDevice.Clear(Color.Black);
	batch.Begin(SpriteSortMode.FrontToBack, BlendState.AlphaBlend, SamplerState.PointWrap, DepthStencilState.None, null, null, null);

	batch.Draw(bgTilesTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, 1, SpriteEffects.None, 0);
	batch.Draw(entityTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, 1, SpriteEffects.None, 0);
	batch.Draw(fgTilesTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, 1, SpriteEffects.None, 0);

	batch.End();
	#endregion

	world?.DrawExtraEntity(batch, "cutout");

	#region Draw UI
	GraphicsDevice.SetRenderTarget(uiTarget);
	GraphicsDevice.Clear(Color.Transparent);

	batch.Begin(SpriteSortMode.FrontToBack, BlendState.NonPremultiplied, SamplerState.PointWrap, DepthStencilState.DepthRead, null, null, null);

	batch.DrawRectangle(new RectangleF(0, 0, width, height * (screenCoverPercent / 2f)), Color.Black);
	batch.DrawRectangle(new RectangleF(0, height - (height * (screenCoverPercent / 2f)), width, height * (screenCoverPercent / 2f)), Color.Black);

	menuManager.Draw(batch);
	dialogueManager.Draw(batch);
	batch.End();
	#endregion

	#region Draw Final
	GraphicsDevice.SetRenderTarget(finalTarget);
	GraphicsDevice.Clear(Color.Black);

	batch.Begin(SpriteSortMode.FrontToBack, BlendState.AlphaBlend, SamplerState.PointWrap, DepthStencilState.None, null, null, null);
	batch.Draw(worldTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, new Vector2(ScaleX, ScaleY), SpriteEffects.None, 0);

	batch.End();

	BlendState bs = new BlendState()
	{
		AlphaDestinationBlend = Blend.One,
		ColorDestinationBlend = Blend.InverseSourceColor,
		ColorBlendFunction = BlendFunction.Add,
		AlphaSourceBlend = Blend.Zero,
		ColorSourceBlend = Blend.Zero,
	};

	batch.Begin(SpriteSortMode.FrontToBack, bs, SamplerState.PointClamp, DepthStencilState.None, null, null, null);
	batch.Draw(cutoutTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, Scale, SpriteEffects.None, 0);
	batch.End();
	batch.Begin(SpriteSortMode.FrontToBack, BlendState.AlphaBlend, SamplerState.PointClamp, DepthStencilState.None, null, null, null);
	batch.Draw(uiTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, 1, SpriteEffects.None, 0);/**/
	batch.End();
	#endregion

	#region Draw Final To Backbuffer
	GraphicsDevice.SetRenderTarget(null);
	GraphicsDevice.Clear(Color.Black);

	batch.Begin(SpriteSortMode.Immediate, BlendState.NonPremultiplied, SamplerState.PointWrap, DepthStencilState.DepthRead, null, null, null);
	batch.Draw(finalTarget, Vector2.Zero, null, Color.White, 0, Vector2.Zero, 1, SpriteEffects.None, 0);
	batch.End();
	#endregion

	base.Draw(gameTime);
}

World.cs:
public virtual void DrawExtraEntity(SpriteBatch batch, string mode)
{
	if (mode == "outline")
	{
		batch.GraphicsDevice.SetRenderTarget(Main.Instance.outlineTarget);
		batch.GraphicsDevice.Clear(Color.Transparent);

		batch.Begin(SpriteSortMode.FrontToBack, BlendState.AlphaBlend, SamplerState.PointWrap, DepthStencilState.None, null, null, null);

		for (int i = 0; i < maxEntities; i++)
		{
			Entity e = entities[i];
			e.DrawExtra(batch, mode);
		}

		batch.End();
	}
	else if (mode == "cutout")
	{
		batch.GraphicsDevice.SetRenderTarget(Main.Instance.cutoutTarget);
		batch.GraphicsDevice.Clear(Color.Orange);

		batch.Begin(SpriteSortMode.FrontToBack, BlendState.AlphaBlend, SamplerState.PointWrap, DepthStencilState.None, null, null, null);

		for (int i = 0; i < maxEntities; i++)
		{
			Entity e = entities[i];
			e.DrawExtra(batch, mode);
		}

		batch.End();
	}
}

Player.cs:
public override void DrawExtra(SpriteBatch batch, string mode)
{
	base.DrawExtra(batch, mode);

	if (mode == "cutout")
		batch.Draw(Main.assetsManager.GetAsset<Texture2D>("circle"), Entity.position - Main.cameraPos, null, Color.Black, 0, new Vector2(512), 0.25f, SpriteEffects.None, 0);
}