$1 Billion Opportunity Zone Tech Fund Being Raised by Bain Capital

Bain will invest primarily in software and cybersecurity companiesWhen considering Opportunity funds, people are continuously thinking about real estate. However, Bain Capital manages more than $100 billion, and they plan to raise $1 billion for a tech-focused fund. This fund will invest in takeovers and late-stage minority investments. Bain Capital…

Puerto Rico Governor Seeks to Move $400M into Opportunity Zone Projects

Nationwide, most of the areas face elevated poverty or limited household income.Source: finance-commerce.comPuerto Rico (P.R.) is seeking approval from the U.S. to put about $400 million of federal aid toward opportunity zone projects. These projects allow investors an ample tax incentive, while creating the opportunity for robust growth in stressed…

Opportunity Zone Investing: How is Debt Handled in Determining the Basis Step-up After 10 Years?

Investors in qualified opportunity zone partnerships are concerned about how their investment will be valued after 10 years when they can sell the asset or elect a basis step-up to “fair market value.” Forrest Milder of Nixon Peabody walks through the computation when the investment is partially...Source: news.bloombergtax.com