New OZ Fund Raising $25M For Real Estate, Startup Investments

The Auspicious Opportunities OZ Fund raises OZ equity to invest in both commercial real estate and QOZB startup companies. The fund targets three initial investments:

• Zen Building: A commercial property in Greenville, South Carolina that will be demolished and replaced with a 306,000 square foot office building.
• Divine group: A commercial construction development agency that will provide OZ services across the country.
• Startup combiner: An incubator for young companies to be rented in the Fund’s commercial office building.

The fund aims to raise $25 million with a minimum investment of $100,000.