Qualified Opportunity Funds (QOFs) have raised an estimated $150 billion in equity since the program's inception in 2018, marking a significant success for Opportunity Zones. However, 2023 saw a notable slowdown in fundraising, with only $3.53 billion raised, the lowest since tracking began. Despite this, there is optimism for a resurgence in 2024 and 2025 due to potential lower interest rates and bipartisan Opportunity Zone reform legislation.
For more details, you can read the full article from OpportunityDb here https://opportunitydb.com/2024/02/opportunity-zone-asset-class-reaches-estimated-150-billion/