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Access here alternative investment news about Prominent Utah Investor’s Us$150 Million Fund Eyes Real Estate Projects In Secondary Us Cities That Promote Social Good | South China Morning Post
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Prominent Utah Investor’s Us$150 Million Fund Eyes Real Estate Projects In Secondary Us Cities That Promote Social Good | South China Morning Post

by scmp.com posted 4months ago 182 views
Real estate moguls, banks and money managers are rushing to capitalise on a new US tax break rewarding investments in poor communities. Now, one of the biggest names in impact investing is aiming to prove the perks are about more than profits.Jim Sorenson, a prominent Utah entrepreneur, investor and businessman, plans to announce on Monday that Catalyst, a private equity firm he helped found, is raising US$150 million to invest in opportunity zones. The group’s first fund, which Sorenson is…

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