Cresset-Diversified QOZ Fund II



Real Estate

Asset Class


Fund Minimum


Fund Size



Fund Overview

Cresset Capital Management (led by Eric Becker and Avy Stein) and Diversified Real Estate (led by Larry Levy) have partnered to create Cresset-Diversified QOZ Fund II. The Fund is managed by experienced teams of real estate and private equity professionals supported by community impact, legal, tax and accounting experts.


Cresset-Diversified is a leader in the Opportunity Zone market and was an early mover in the industry, having been one of the first to launch a QOZ fund in December 2018. In Q1 2020, they successfully raised $465 million to close their first fund, and have since launched Cresset-Diversified QOZ Fund II.

Cresset Capital managing director Nick Parrish joined our Opportunity Zones Podcast in May 2020, shortly after closing their first OZ fund. Click here to listen.

Fund Strategy

The investment strategy for the Cresset-Diversified QOZ Fund II includes:

This fund’s strategy includes investments in the following asset types:

Certain financial information for the fund is shown below. Additional financial information may be available from the fund’s official website.


Target IRR


Management Fee


Fund Structure

For fields marked N/A, information is not publicly available. Additional information may be available from the fund manager.

Fund Contact Information

For additional information on this fund, contact: