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.