Longmont Evergreen Opportunity Fund is an initiative to help impact our community by investing capital into entrepreneurs, ventures, and property development projects within Longmont’s Opportunity Zone, improving retention of entrepreneurs and fostering a community of innovation for generations to come.
Why invest in Opportunity Zone funds?
A temporary tax deferral for capital gains reinvested in an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on which the opportunity zone investment is sold or December 31, 2026.
A step-up in basis for capital gains reinvested in an Opportunity Fund. The basis of the original investment is increased by 10% if the investment in the qualified opportunity zone fund is held by the taxpayer for at least 5 years, and by an additional 5% if held for at least 7 years, excluding up to 15% of the original gain from taxation.
A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years. (Note: this exclusion applies to the gains accrued from an investment in an Opportunity Fund, not the original gains).
How does the fund work?
Life of the Fund: 10 - 12 Years
Investment Stage: Seed & Series A
Target Investment Size: $1-5M
Target Holding Period: 5 - 7 Years
Geographic Focus: US Opportunity Sizes
90% of Investments will remain in Opportunity Zone businesses and assets
50% of management's carry is committed to the succeeding OZ fund
The LEOF is primarily aimed at companies acting within the junction of artificial intelligence, manufacturing, and aerospace.
OZ Business Requirements:
Tangible Property Opportunity Zone
Of assets in a business in non-qualified financial property
Revenue from the Opportunity Zone
Intangible Assets Opportunity Zone
Regulation D 506(c) Mandated Legend
Any historical performance data represents past performance. Past performance does not guarantee future results; current performance may be different than the performance data presented; The Company is not required by law to follow any standard methodology when calculating and representing performance data; The performance of the Company may not be directly comparable to the performance of other private or registered funds or companies; The securities are being offered in reliance on an exemption from the registration requirements, and therefore are not required to comply with certain specific disclosure requirements; The Securities and Exchange Commission has not passed upon the merits of or approved the securities, the terms of the offering, or the accuracy of the materials.