TOP 25 FUND MANAGERS / DEVELOPERS
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JONATHAN TOWER
ARCTARIS IMPACT FUND , LP
Jonathan Tower is the founder and managing partner of Arctaris Impact Investors , LLC and its advisory affiliates and funds , which has raised and manages six impact investment funds . He invests in growth-oriented operating businesses and infrastructure , with heavy emphasis on underrepresented communities . Based in Boston , Massachusetts and founded in 2009 , Arctaris has partnered with the Kresge Foundation , Initiative for a Competitive Inner City , and multiple other foundation , federal and state government agency partners to make investments in Opportunity Zones and other underserved areas , with the aim of delivering market-rate returns alongside social impact .
WHAT KIND OF TRENDS AND NEW INVESTMENT AREAS DO YOU THINK QOFS WILL FOCUS ON IN 2022 ?
The OZ program is directing more capital to underserved communities than all the other economic development tools in the shed combined . In 2022 , we see QOFs enabling opportunities that blend capital from traditional sources alongside philanthropy , government and community institutions . Arctaris Impact will expand our place-based QOZ programs , already underway in Alabama , Colorado , Connecticut , Maine , Maryland , Michigan , New Mexico , Ohio , and Pennsylvania , with awards to new communities ranging $ 25-50 million , alongside 20 % matches from government and philanthropic partners . Our focus will remain on investment in PE operating businesses , public infrastructure such as broadband fiber and community solar , and affordable housing .
MATTHEW WACHTER
ERIE DOWNTOWN DEVELOPMENT CORPORATION
Matt Wachter is vice president for finance and development with the Erie Downtown Development Corporation ( EDDC ). Wachter oversees financial modeling and capital recruitment for a $ 100 million revitalization of downtown Erie , Pennsylvania . Wachter earned his LL . M . in taxation from Villanova University School of Law , began his career in M & A at KPMG , and practiced corporate law .
WHAT KIND OF TRENDS AND NEW INVESTMENT AREAS DO YOU THINK QOFS WILL FOCUS ON IN 2022 ?
In 2022 , QOFs have a tremendous opportunity to recruit capital from investors eager to redeploy funds from increasingly volatile public markets . OZ-based real estate investments , in particular , have the potential to provide consistent returns for investors eager for stability and motivated to make a positive social impact in the nation ’ s poorest communities .
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