Novogradac-Tracked QOFs Report $3.97 Billion Increase in Equity Raised in First Quarter
Qualified opportunity funds (QOFs) tracked by Novogradac report a cumulative $28.37 billion in equity raised as of March 31, a $3.97 billion increase over the similar number reported Dec. 31. Michael Novogradac reported the figures at the 2022 Novogradac Spring Opportunity Zones Conference today in Long Beach, California, and wrote a blog post with more information. The increase in equity reported in the first quarter of 2022 is more than three times the increase in the same quarter of 2021 and is nearly equal to the equity increase in the final quarter of 2021. Novogradac reports QOF equity raises based on a collection of information from QOFs that voluntarily provide information or from other public sources. The Novogradac data does not include proprietary or private QOFs owned or managed by their principal investors.
See the Notes from Novogradac blog post for more information.