EJF Capital lives in the space between investing and regulation. It calls itself a “regulatory event-driven” firm, its $10 billion split between equity and debt in rule-heavy industries like banking. Which is why, when the Internal Revenue Service clarified some of the provisions of Qualified Opportunity Zones, designated low-income areas where tax incentives are supposed to encourage private capital investment, EJF was among the first to jump. The Arlington, Virginia-based firm is looking to raise $500 million for such a strategy, according to a person familiar with the matter.
Image: Neal Wilson, EJF Capital’s co-founder - https://www.barrons.com
