The story of OPAL Fund starts with Opportunity Alabama, Inc. (OPAL) - a nonprofit organization focused on catalyzing investment in meaningful projects and underserved places across Alabama. From its inception in 2018, OPAL has led conversations around investment in the 158 Opportunity Zones that span all 67 counties in Alabama - and won substantial national recognition in the process. OPAL has been cited as a national leader in OZ-based economic development by Forbes Magazine*, and has attracted over $5M in national philanthropy and federal funding. In addition, OPAL has developed an extensive statewide network of developers, property owners, economic development professionals, community leaders, and capital providers that feed a pipeline of unique investment opportunities (both within Opportunity Zones and outside of them), most of which tie back to commercial real estate.
*Forbes, February 2020 & December 2022
OPPORTUNITY ALABAMA, INC
AL Nonprofit Corporation / 501(c)(3)
Our Story
To put dollars into those deals, OPAL created a wholly-owned public benefit corporation (OPAL Investments, Inc.), which in turn created a registered investment adviser entity (OPAL Advisory LLC). OPAL Advisory formed The OPAL Fund in 2021, and formed two funds - OPAL Fund II (OZ) and OPAL Fund II (Statewide) - in 2022.
OPAL INVESTMENTS, INC.
AL Benefit Corporation
Our Evolution
OPAL ADVISORY LLC
Registered Investment Advisor
OPAL Fund is the collective name for a family of real estate investment funds created and advised by OPAL Advisory LLC, a registered investment adviser wholly owned by Opportunity Alabama. The OPAL family of funds share a common vision to provide attractive risk-adjusted returns for investors while driving progress towards better places & better economic futures across Alabama.