DelCam to Launch OZ Fund Focused on Manufacturing Sector

NEWTON, MA—Locally-based DelCam Holdings, LLC reports it will launch its first Opportunity Zone fund later this year that will be focused on acquiring and revitalizing small manufacturing companies located in Opportunity Zones in the Northeast and Mid-Atlantic.

The management company’s first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.

DelCam Holdings executives include founder, Stephen Trotta, a more than 15-year finance executive currently running his own real estate focused private equity firm. He formerly was a senior director for 11 years at Fidelity Investments on the institutional side of the business. Other  DelCam executives include Richard Gibble, CFA, who serves as managing director and CFO. Gibble brings 20 years of investment experience, with previous roles at fund companies, as well as serving as the executive director of an academic capital markets research center and a professor at Bentley University.

“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,” says 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 four to six businesses that have opportunity for advancement.”

DelCam says the fund’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. DelCam says it is planned business investments will be aimed at being a 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,” DelCam’s Gibble says.