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ConnectUP! Integrated Capital Fund

The Opportunity Zone Fund Directory is a compilation of publicly-announced funds formed to attract investment in Opportunity Zones (OZs). NCSHA is tracking only multi-project OZ funds. To learn more about a fund included in this directory, click on the name.

Please review the terms of the use before using the directory. To request to add your fund to the directory, please complete this form.

Directory Stats as of July 1, 2020:

215 Total Funds $47.2 Billion Total Anticipated Investment 63% of Funds Target Investment in Affordable Housing and Community Development

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Fund NameConnectUP! Integrated Capital Fund
Fund Manager or Organizer(s)Y. Elaine Rasmussen
Fund Size$50,000,000
Investment Focus
Affordable Housing, Commercial Real Estate, Economic Development, Infrastructure Investment, Small Business Development, Workforce Housing
Geographic Focus
Illinois, Iowa, Minnesota, Nebraska, North Dakota, South Dakota
Organization Details

The ConnectUP! Fund will be a newly-created, human-centered, integrated capital fund (a combination of debt, equity, and grants) with an objective of addressing economic justice in access to blended capital to social enterprises led by people from marginalized communities. In recognition that there are numerous systemic factors influencing business development, the ConnectUP! Fund will evaluate Opportunity Zone-qualified opportunities and innovations in areas such as (but not exclusively) financial inclusion, sustainable energy, women's empowerment, and community development (rural, urban, and tribal), this fund will have an intentional commitment to self-determined, vibrant communities and thriving ecosystems led by people of color.

Fund Contact....
NameY. Elaine Rasmussen
Phone(651) 242-9264
EmailEmail hidden; Javascript is required.
Additional Comments

Accepting investors


The listings on this page are provided as a free service to potential community development funding recipients. The information contained on this page is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy securities. NCSHA does not provide investment advice, and these listings are not to be construed as a recommendation to engage in a transaction with a particular party.

The information above is based solely on information provided to NCSHA by the listed contact person for each company, and NCSHA is not responsible for any inaccurate or out-of-date information in these listings. Companies utilizing this free listing are solely responsible for obtaining necessary clearances from their compliance departments.

The information in this directory is provided “as is” without warranty of any kind. NCSHA does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein.

NCSHA will not be liable for any loss or damage that may arise as a result of the use of the information contained herein. This directory provides direct links to websites owned by other parties. The content of such sites is not within NCSHA’s control; NCSHA cannot take responsibility for the information or content thereon.

NCSHA will continue to update the directory as it becomes aware of new funds or changes to the information listed on ncsha.org.


Case Studies: Opportunity Zone Investment in Affordable Housing and Community Revitalization

Ox Fibre Apartments

Parramore Oaks

The Tappan