OZ Growth Fund

A Qualified Opportunity Zone Fund (QOF) is an investment vehicle certified by the U.S. Treasury to deploy capital into Qualified Opportunity Zones, which are low-income census tracts designated by state governors. OZ Growth Fund operates as a QOF, meaning it must hold at least 90% of its assets within these zones and can only invest in Qualifying Opportunity Zone Property. The structure gives its investors access to the federal tax benefits created by the 2017 Tax Cuts and Jobs Act, including temporary deferral of capital gains and potential permanent exclusion of gains on the QOF investment if held for at least 10 years.

OZ Growth Fund's disclosed strategy spans both Qualified Opportunity Zone Business Property and Qualified Opportunity Zone Stock. This covers real estate development projects that require substantial improvement of tangible property, as well as equity investments in early-stage and growth companies operating within the zones. The firm's website describes a dual focus on real estate and operating businesses, though it does not name specific portfolio holdings.

Investors can defer paying tax on eligible capital gains until December 31, 2026, or until the QOF investment is sold, whichever comes first. If the QOF investment is held for at least five years, 10% of the deferred gain is excluded from taxation; at seven years, 15% is excluded. Most significantly, if the investor holds their interest in OZ Growth Fund for at least 10 years, any appreciation on that QOF investment can be permanently excluded from federal capital gains tax, per the enabling legislation.

OZ Growth Fund is headquartered in Phoenix, Arizona, but a QOF is not limited to its home state. The firm can invest in any of the more than 8,700 designated Qualified Opportunity Zones across the 50 states, U.S. territories, and the District of Columbia. The firm has not publicly disclosed a specific geographic concentration or an excluded-region policy for its portfolio.

OZ Growth Fund's website and available research records do not name the firm's principals or investment committee members. Prospective investors and counterparties should contact the firm directly to confirm the management structure, relevant real estate or venture capital experience of the team, and their track record of previous QOF fund cycles.