ATLANTA/ MARCH 21, 2019 (STL.News)
The Strategic Group, a boutique investment firm that focuses primarily on investment strategies that also provide tax benefits as a source of returns, today announced the launch of the Strategic Rivermont OZ Fund. This fund brings a unique strategy of partnering with local municipalities to greatly transform downtown urban districts that are located in designated “opportunity zones.” The Strategic Group has partnered with Rivermont Capital, a North Carolina firm who has a longstanding track record of success in public-private partnerships. Rivermont’s principals were most notably instrumental in the decade long turn-around of downtown Durham NC, a once struggling district that now boasts strong economic fundamentals attracting large employers, downtown living, and a robust retail environment.
“The Strategic Rivermont OZ Fund seeks to revitalize underutilized downtown districts while leveraging our collective experience and relationships with public-private partnerships to mitigate downside risk and position the fund for success,” said Co-Managing Partner of Strategic Group Ricky B. Novak. “Paramount to this fund is the protection of investors’ capital, and we believe our strategy will do just that, while our robust pipeline of underwritten projects will ensure the efficient use of capital.”
The Strategic Rivermont OZ Fund will tap into a pipeline of projects found in markets with a strong public tax bases that are close to primary and secondary MSA’s. Many of the projects are through the due diligence process and have already received significant commitments from local governments. The CEO of Rivermont Capital, Michael Lemanski said, “The Opportunity Zone program was fortuitous for our Firm. The majority of the projects in our pipeline happened to be located in Opportunity Zones, so we are excited about being able to fund more of these shovel ready projects and be socially and economically impactful in these communities.”
The launch of the Strategic Rivermont OZ Fund follows a series of strategic decisions the firm has made over the past few years of expanding the its footprint in tax-advantage investing. The Strategic Group recently launched an updated website that better reflects the growing lines of business. Steve Rothschild also joined the firm recently for his expertise in commercial real esate and to expand the tax credit platform and Mike Fields joined to serve as Chief Operating Officer. To learn more about the Strategic Group please visit http://www.TheStrategicGroup.com
About The Strategic Group
The Strategic Group is a boutique investment firm that focuses primarily on investment strategies that also provide tax benefits as a source of returns. We work closely with high net worth investors, family offices and their trusted advisors, as well as corporations, and banks. We have four primary lines of business that include:
Opportunity Zones: Target investments in real estate and other private equity opportunities in designated “Opportunity Zones” that can mitigate the taxation of capital gains and all future appreciation may grow tax free
Conservation: Consults and structures “green, sustainable, and socially responsible” conservation projects with the potential to mitigate tax liabilities while generating other private equity returns
1031 Qualified Intermediary: Consults and serves as a qualified intermediary for 1031 tax-free exchanges, including strategies resulting from partnerships, lease buy-backs, and other complex structures
Federal & State Tax Credits: Consults, invests, and brokers transferable Federal and State tax credits such as film, low-income housing, historic rehabilitation, renewable energy, and various state and federal programs that mitigate tax liabilities
For questions or more information contact Allen Taylor at 678.882.2160.
This is not an offering to subscribe for units in any fund and is intended for informational purposes only. Admission as a Non-Managing Member in the Strategic Rivermont OZ Fund (referred to herein as the “Fund”) is not open to the public. An offering can only be made by delivery of the Confidential Private Placement Memorandum to “qualified purchaser” or “accredited investors” within the meaning of U.S. securities laws. Copies of the Confidential Private Placement Memorandum may be obtained by contacting The Strategic Group at 404.963.6657. Investment Partnerships are speculative investments and are not suitable for all investors, nor do they represent a complete investment program. The Fund is NOT registered under the Investment Company Act of 1940, as amended, pursuant to certain exemptions in such Act.
Key Risk Factors: An investment in the Fund and an indirect investment in the Investments involve a high degree of risk, including the risk that the entire amount invested may be lost. Limited Operating History of the Fund; Lack of Operating History of the Advisor Funds; the Fund’s Dependence on the Manager its principals and the Investment Committee; The Fund may have a limited number and type of investments; The Fund may make Investments that may not be advantageously disposed of prior to the date that the Fund is scheduled to be dissolved; Reliance on Key Personnel of the Manager; Absence of Liability; Anti-Money Laundering; Conflicts of Interest; There are risks related to blind pool offerings; There is very little governmental guidance exists regarding the Qualified Opportunity Zone Program, and there can be no assurances the Fund meets the Asset Test and may face penalties for lack of compliance. Investors risk the loss of their entire capital. The foregoing risk factors do not purport to be a complete enumeration or explanation of the risks involved in an investment in the Fund. Prospective Non-Managing Members should read the entire Confidential Private Placement Memorandum and the Limited Liability Company Agreement of the Fund and consult with their own advisers before deciding whether to invest in the Fund.
Please carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. Please read the Private Placement Memorandum carefully before investing as it contains important information on the investment objectives, composition, fees, charges and expenses, risks, suitability, and tax obligations associated with investing in the Fund. Copies of the Private Placement Memorandum may be obtained by contacting The Strategic Group at 404.963.6657. Past performance does not guarantee future results.
All securities are offered via Bridge Capital Associates, Inc., a registered broker dealer and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Important disclosures may be found at the following website: http://www.bridgecapitalassociates.com/disclosures.htm