Press

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For All Press Inquiries email us at: press@thepearl.fund

Forbes: June 11, 2019 Link: http://bit.ly/Forbes-PearlFund


What Investors Need To Know About The 'Three Waves' Of Opportunity Zones:


"OZ venture capital has the potential to generate much better investor returns than OZRE. As with venture investing in general, the target returns for OZB investing should be at least 10 times the investment; the Holy Grail is to fund the next Apple or Google in an OZ. By comparison, average real estate investments target returns of two to three times the investment."


Pew StateLine: June 12, 2019 Link: http://bit.ly/2ZjjwKR


So Far, Real Estate Dominates a Tax Break Meant for Businesses:


"Venture capitalists and public equity firms still have a good pitch for investors. Phillips is looking for startups growing so fast they could increase his original investment 10 times over, or more.

“The relative tax benefits are actually better for investing in operating businesses, particularly those with heavy capital assets,” said Jonathan Tower, managing partner at Arctaris, an impact investment fund manager based in Boston.


INC Magazine: May 22, 2019 Link: http://bit.ly/30ZhKQX


Why Investors Are Taking Big Bets on the Land of OZ:  The 2017 Tax Cuts and Jobs Act make "Opportunity Zones" an ideal place for entrepreneurs and investors to build thriving, growth-oriented companies of the future. "


"Venture capital might be more attractive for investors than real estate. While real estate can be the safer call, venture capital returns have more potential. Thompson Reuters Venture Capital Index has returned 31% over the last five years, compared to 7.9% by Vanguard's Real Estate index fund."


Business Insider: May 17, 2019   Link: http://bit.ly/2WNztbz  


"The next big venture-capital gold rush may be in Opportunity Zones'

"Venture capital might be more attractive for investors than real estate. While real estate can be the safer call, venture capital returns have more potential. Thompson Reuters Venture Capital Index has returned 31% over the last five years, compared to 7.9% by Vanguard's Real Estate index fund."


Crain's NY Business: April 22, 2019  Link: 2Uvt9TV


"We now have the confidence to fund a business and know they won’t be in violation of the opportunity zone rules,” said  Brian Phillips, an investor who plans to raise $25 million to back startups in the designated areas, including the Brooklyn Navy Yard. “It’s accelerating the start of our fund.”


Crain's New York Business: March 11, 2019  Link: 2D9wdzv


"...Brian Phillips, on the other hand, can't wait for the starting gun. A serial entrepreneur, he's looking to raise $25 million to put into opportunity zones and plans to launch an investment vehicle, the Pearl Fund, this month. His game plan is to set up shop in the Navy Yard to be close to scores of startups that could be interested in investors like him. "When people hear about opportunity zones, they say, 'You can do this? It seems too good to be true,'" said Phillips, whose enthusiasm is winning attention. After speaking at a January expo, he was invited to appear at a March 14 White House event to tout opportunity zones.

Press Releases:

The First Venture Capital Opportunity Zone Fund Opens in the U.S. May 14, 2019 Link: bit.ly/2019PearlFundOpens


"There couldn’t be a more opportune or exciting time to launch our fund than now,” said Brian Phillips, founder and managing partner of The Pearl Fund, who brings more than three decades of experience as a serial entrepreneur and expert on emerging economies. “We will be working closely with our portfolio companies to ensure high returns for our investors who are seeking to diversify their portfolios at such an unprecedented time."



The Pearl Fund Adds Three New Advisors: April 10, 2019 Link: bit.ly/2UNED9t


"The Pearl Fund ( www.thepearl.fund ), the first opportunity zone fund that is also a venture capital fund focused on spurring economic development in opportunity zones throughout New York and Pennsylvania—is pleased to welcome three new advisors. The team of highly-specialized, diversified and accomplished executives brings extensive leadership experience for multinational corporations and startups."