Novogradac Opportunity Funds List Surpasses $12 Billion in Equity Investment

Tuesday, September 1, 2020 - 8:15am

Qualified opportunity funds (QOFs) on the Novogradac Opportunity Funds List have raised $12.05 billion in equity, an increase of 19.4 percent over the list’s total in April. QOFs on Novogradac’s list that have raised equity have an average of $20.8 million raised. QOFs with a city-level focus account for nearly half the total. A Notes from Novogradac blog post by Michael Novogradac provides more data and context from the latest update.

Trends in opportunity zones (OZ) investment and what the Novogradac Opportunity Funds List data shows will be discussed at the Novogradac 2020 Opportunity Zones Fall Virtual Conference, Oct. 22-23.