Leading Minority-Led Fund Manager Launches $1 Billion ‘Black Impact Fund’
SoLa Impact, a leading urban real estate fund, announced the launch of its $1 billion ‘Black Impact Fund,’ which will invest exclusively in Black and Brown communities in major urban markets. The fund will be comprised of a $500 million Opportunity Zone (OZ) Fund and a side-by-side, $500 million non-Opportunity Zone Fund. Martin Muoto, CEO of SoLa Impact and founder of the Black Impact Fund, stated, “After a decade of successfully investing in Los Angeles’ African-American and Latinx communities, we have learned a great deal about how to…