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DelCam to Launch Opportunity Zone Fund to Help Small Businesses

DelCam Holdings LLC, a management company focused on private opportunity zone investments, plans to launch the DelCam Opportunity Zone Fund I.

DelCam Holdings LLC, a management company focused on private opportunity zone investments, plans to launch the DelCam Opportunity Zone Fund I, a 506(c) private placement fund with a capital raising goal of $10 million.

The company plans to acquire and revitalize small manufacturing companies in opportunity zones located in the Northeast and Mid-Atlantic. The fund is set to launch in late 2019, with plans to secure its first acquisition in January of 2020, the company said.

DelCam Holdings is led by Stephen Trotta, who most recently served as a senior director of finance at Fidelity Investments for six years.

“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 Trotta. “We’ve identified 1,600 small manufacturing companies in opportunity zones that we’ll narrow down from a strategic management perspective and acquire four to six businesses that have opportunity for advancement.”

DelCam said that its focus will be on the growth of these manufacturing companies and executing on value creation plans that drive job development in communities that need it most.

Rich Gibble, DelCam’s managing director and chief financial officer, believes that the fund will help create “a minimum of 100 solid, middle-class wage jobs over a 10-year period,” as well as “opportunities for upward mobility, management training and other benefits many of our employees might never have been exposed to.”

Opportunity zones were created as part of the Tax Cuts and Jobs Act of 2017, and offer potentially significant tax benefits that include deferral of current capital gains, tax deductions on current gains and no capital gains on appreciation if the investment is held for 10 years.

DelCam Holdings is headquartered in Newton, Massachusetts.

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