Kresge seeds two Opportunity Zone funds, with impact strings attached

ImpactAlpha, March 19 — The Kresge Foundation is anchoring two Opportunity Zone funds on the condition that the fund managers agree to measure and track their impact. Boston-based Arctaris Impact and Fort Lauderdale-based Community Capital Management (CCM)’s are launching Opportunity Zone funds, which together are looking to raise and invest $800 million. Kresge’s $22 million investment will seed the funds as … Continue reading Kresge seeds two Opportunity Zone funds, with impact strings attached