Virtua Partners is one of the first to offer a qualified opportunity fund. The Phoenix-based private equity firm known for commercial real estate investing is raising $200 million for the Virtua Opportunity Zone Fund I, which will invest in three Phoenix-area projects in low-income communities.  The fund will have a $50,000 investment minimum, and may be available only to accredited investors.

The new fund will invest in rental housing, hospitality, office/industrial, and preferred equity opportunities primarily in the Southeast, Texas, and Southwest regions.