The Auspicious Opportunities OZ Fund is raising OZ equity to invest in both commercial real estate and QOZB startup businesses. The fund is targeting three initial investments:
- Zen Building: A commercial real estate asset in Greenville, South Carolina that will be demolished and replaced with a 306,000 office building.
- Divine Group: A commercial construction development agency that will provide OZ services across the country.
- Startup Combinator: An incubator for young companies that will have tenancy in the commercial office building owned by the fund.
The fund is seeking to raise $25 million with a $100,000 minimum investment.