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CapZone Management
CapZone is an investment management company and the cornerstone company of CapZone Group. It was founded in May 2018 to connect profits to purpose by bringing...
CapZone Management
CapZone is an investment management company and the cornerstone company of CapZone Group. It was founded in May 2018 to connect profits to purpose by bringing together financial, intellectual and human capital to benefit low income communities and generate resilient investing at scale. CapZone applies investment strategies in distressed areas across sectors including moderate income affordable housing, sustainable energy, water and power infrastructure, and agriculture, and is launching a Qualified Opportunity Fund.
General information
Firm type
Private Equity
Year founded
2019
Location
Region
North America
Country
United States
City
Norwalk
Corporate office
Norwalk, CT, United States
Principals
Steve Glickman
Co-Founder & CEO
John Lettieri
Co-Founder & President
Sector focus
Frequently asked questions
Who runs investment decisions at CapZone Management?
Co-founders Steve Glickman (CEO) and John Lettieri (President) lead the firm's investment strategy. Both were previously at the Economic Innovation Group, where they helped design the Opportunity Zone legislation. The firm operates with a lean senior team and relies on a network of regional operating partners for deal sourcing and asset management.
What is CapZone's relationship to the Opportunity Zone tax incentive?
CapZone exists specifically to invest under the Opportunity Zone provisions of the 2017 Tax Cuts and Jobs Act. Its founders, Glickman and Lettieri, were instrumental in drafting that legislation. The firm raises blind-pool and project-specific funds, deploys capital into Qualified Opportunity Zone properties and businesses, and manages compliance with the holding-period rules that unlock capital-gains tax benefits for investors.
What asset classes does CapZone invest in?
CapZone deploys capital across commercial real estate (multifamily, mixed-use, industrial), operating company equity, and private credit. Each investment must be located in a designated Qualified Opportunity Zone. The firm's fund structure enables investors to access this multi-asset strategy through a single managed vehicle rather than sourcing individual zone-eligible projects.
What happens to CapZone's strategy when the Opportunity Zone incentives expire?
Under current law, the Opportunity Zone designation and associated capital-gains tax benefits begin phasing out in 2026 and expire fully at the end of 2028 unless Congress extends the program. CapZone's investment horizon is therefore bounded by an external policy deadline, a structural characteristic that distinguishes it from perpetual-life funds. The firm has invested on the premise that final-year rules allow for deployment windows and holding periods that extend value creation beyond the sunset date.
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