DelCam to launch opportunity zone fund to help small businesses

DelCam Holdings has launched a new investment vehicle, DelCam Opportunity Zone Fund I.  The 2019 Fund is positioned to raise $10 million from investors to acquire and revitalize small manufacturing companies in opportunity zones in the Northeast and Mid-Atlantic, with plans to secure its first acquisition in January of 2020.

“After much analysis and spending time with small manufacturing companies, we've concluded that many are ripe for growth, often losing business because they do not have funds, systems or tools in place to meet demand,” said Stephen Trotta, founder of DelCam’s Opportunity Zone Fund. “We've identified 1,600 small manufacturing companies in Opportunity Zones that we'll narrow down from a strategic management perspective and acquire 4-6 businesses that have opportunity for advancement.”

DelCam's focus will be on the growth of these small manufacturing companies and executing on value creation plans that drive significant job development in communities that need it most. In comparison to many simple, common real estate transactions in Opportunity Zones, DelCam is planning business investments that will be the sustainable driver for beneficial community growth in Opportunity Zones for the future.

“Our forecasts suggest we will create a minimum of 100 solid, middle-class wage jobs over a 10-year period and at the same time we'll offer opportunities for upward mobility, management training and other benefits many of our employees might never have been exposed to.  We think this is precisely what the Opportunity Zone program was designed for, and we intend to deliver on that,” said Rich Gibble, DelCam’s managing director and CFO.

DelCam’s fund is one of the few Opportunity Zone funds focused on operating businesses.