Casoro Group, a leading commercial real estate investment firm based in Austin, Texas, has launched its new Onyx Impact Fund. The 100 percent, minority-owned firm created the Onyx Impact Fund to help increase the generational wealth of minorities through increased participation in the real estate industry and real estate investing.

The Onyx Impact Fund has a 10-year investment period, with an investment target of $1 billion. It seeks investments in commercial real estate opportunities with minority-owned sponsors, in properties benefiting from the booming knowledge-based job growth in the Sun Belt region, including multifamily, office, retail and industrial, using core-plus, value-add, opportunistic and ground-up multifamily development strategies.

In Dallas, MGO Private Wealth has hired V. David Russell has joined the MGO Private Wealth team as a Managing Director and the Head of Family Office Services.