Casoro Group launches $1b impact fund

Austin-based Casoro Group has launched its new Onyx Impact Fund with an investment target of $1 billion.

The fund will seek investments in commercial real estate opportunities with minority-owned sponsors in properties in the Sun Belt region, such as multifamily, office, retail and industrial. The vehicle will follow core-plus, value-add, opportunistic and ground-up multifamily development strategies.

“Investors have become concerned about the impact of their investments and how well they align with their values,” said Yuen Yung, CEO of Casoro Group. “The Onyx Impact Fund will focus on providing both positive social impact, as well as competitive financial returns for investors.”

CGEF initiatives will help increase diversity in the commercial real estate industry through education, scholarships paid internships, and facilitating invaluable networking connections.