The man who has become known as “the father of impact investing” has called on leaders across business, government and civil society to join an “Impact Revolution”. Sir Ronald Cohen made the call to arms at the Global Steering Group for Impact Investing’s annual summit in Delhi.
The Opportunity Zones market cannot function efficiently without access to basic, transparent data about Opportunity Funds and their investments. In this letter, we propose that you instruct the Internal Revenue Service or another agency of the Department to collect this data.
Gathering baseline data on Opportunity Fund investments will allow policymakers, researchers, and community development practitioners to assess the short- and long-term impact of these flows of capital to underserved communities.
The Fund, which is being raised and managed by New York-based Maycomb Capital, matches private capital with local priorities and public-sector agencies – such as states, public departments or counties – to invest in social and health services that produce measurable outcomes and deliver financial returns to investors.