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

The Auspicious Opportunities OZ Fund is raising OZ equity to invest in both commercial real estate and QOZB startup businesses. The fund is targeting three initial investments:

• Zen Building: A commercial real estate asset in Greenville, South Carolina that will be demolished and replaced with a 306,000 office building.
• Divine Group: A commercial construction development agency that will provide OZ services across the country.
• Startup Combinator: An incubator for young companies that will have tenancy in the commercial office building owned by the fund.

The fund is seeking to raise $25 million with a $100,000 minimum investment.