Head of Zone Investment Strategy

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Full Time Alexandria, VA, US

6 days ago Requisition

Salary Range: $ To $ Annually

Head of Opportunity Zone Investment Strategy

Program

OZ 2.0 — One Big Beautiful Bill Act (OBBBA, signed July 4, 2025)

Mandate

Build Bonaventure’s platform-level OZ 2.0 investment strategy — proprietary deals and best-in-class external operators

Capital Role

Bonaventure commits 10–25% GP co-invest alongside LP capital across its own deals and third-party allocations

Timeline

Zone nominations begin July 1, 2026; new OZ 2.0 map effective Jan. 1, 2027

Structures

Standard QOF (10% basis step-up) and Qualified Rural Opportunity Fund (30% step-up)

The Opportunity

The One Big Beautiful Bill Act, signed July 4, 2025, made Opportunity Zones a permanent feature of the U.S. tax code. OZ 2.0 resets the program with a rolling five-year gain deferral, a reinstated 10% basis step-up for standard QOFs, a new Qualified Rural Opportunity Fund (QROF) structure with a 30% step-up and a reduced 50% substantial-improvement threshold, and an entirely new zone map effective January 1, 2027.

State nomination windows open July 1, 2026.

Bonaventure is positioned to be a first-mover in this reset — and to build something structurally differentiated from what the OZ 1.0 market produced. The strategy is not simply to wrap Bonaventure’s existing development pipeline in a QOF. It is to build a platform that deploys meaningful GP capital (10–25% co-invest) across two channels: proprietary Bonaventure deals and a curated set of third-party operators who bring the best opportunities in markets and asset types beyond Bonaventure’s direct footprint.

The result is a fund platform that offers LPs both the operational credibility of a GP with skin in the game and the diversification of a best-in-class deal selection process — a combination that was rare in OZ 1.0 and will define the strongest OZ 2.0 franchises.

The Role

This is a strategy-first, platform-level position. The person we hire defines how Bonaventure participates in OZ 2.0: which structures to run, which geographies and asset types to target, how to evaluate and partner with third-party operators, and how to sequence fund launches against now that OZ 2.0 is permanently embedded in the tax code.

The role owns the full investment platform — both the proprietary Bonaventure deal pipeline and the external operator allocation program. It requires the judgment to evaluate deals across both channels against a consistent underwriting standard, the relationships to attract top-tier operators as partners, and the LP fluency to articulate a differentiated story to capital allocators.

It reports to the CFO and works alongside the CEO, Capital Markets, and Investments teams. This is a builder role with executive-level accountability from day one.

What You’ll Own

Investment Strategy & Platform Architecture

• Develop Bonaventure’s OZ 2.0 investment thesis — geographic focus, asset type priorities (proprietary vs. third-party), return targets, and fund-level differentiation
• Own full P&L accountability for the Opportunity Zone business
• Drive fund-level return targets and overall performance outcomes
• Lead capital formation efforts across investor channels
• Identify, evaluate, and select operating and investment partners
• Negotiate deal terms and structure transactions
• Define the dual-channel model: how to allocate between Bonaventure’s own pipeline and external operators, and how to maintain consistent underwriting standards across both
• Determine fund structure: QOF vs. QROF, single-asset vs. multi-asset vehicles, GP co-invest sizing (10–25%), and sequencing of fund launches relative to the new zone map and OZ capital cycle requirements
• Map Bonaventure’s existing development capabilities and pipeline against the incoming OZ 2.0 zone redesignation (effective Jan. 1, 2027); identify gap geographies where third-party operators fill the strategy
• Evaluate the QROF rural channel specifically — 30% basis step-up, 50% substantial-improvement threshold…