Access the latest Washington Report: Read More

Emergent Communities 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 6, 2020:

216 Total Funds $47.5 Billion Total Anticipated Investment 63% of Funds Target Investment in Affordable Housing and Community Development

Subscribe to receive OZ Updates   Opportunity Zone Case Studies

Fund NameEmergent Communities Fund
Fund Manager or Organizer(s)Rivermont Enterprise Capital
Fund Size$250,000,000
Investment Focus
Affordable Housing, Commercial Real Estate, Community Revitalization, Economic Development, Hospitality Development, Mixed-use Development, Multifamily Residential, Small Business Development, Student Housing, Workforce Housing
Geographic Focus
Regional Or Local, North Carolina, Virginia
Details if Regional/Local/Other:Southeast U.S. with an initial focus on North Carolina and Virginia
Additional Fund Details

The Rivermont Enterprise Emergent Communities Fund spurs sustainable, diverse, and dynamic economic growth by revitalizing emerging main streets and supporting local entrepreneurs.

Organization Details

The partners are Rivermont Capital, an experienced master developer; Enterprise Community Investment, which has been investing to revitalize communities for more than 35 years, garnering expertise with more than $36 billion invested; and Beekman Advisors, a skilled fund manager, particularly at strategic valuation.

Fund Contact....
NameShekar Narasimhan
Job TitleManaging Partner
Phone(703) 752-8321
EmailEmail hidden; Javascript is required.

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

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

Ox Fibre Apartments

Parramore Oaks

The Tappan