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Matt Reilein Joins Cresset in Key Role with QOZ Fund
Impact investing veteran Matt Reilein is joining the recently launched Cresset-Diversified Qualified Opportunity Zone Fund and Cresset Partners to lead community development for the fund.
Reilein has spent more than 15 years forming relationships and building teams as head of impact investing with O’Brien-Staley Partners, and before that as managing director, community development banking with J.P. Morgan.
“The QOZ tax incentive will unlock a previously untapped source of capital for low-income communities, and will provide investors with significant upside in real estate and private equity investments,” Reilein said. “There is great potential in these communities.”
At J.P. Morgan, Reilein built the New Markets Tax Credit business, overseeing more than $5 billion of qualified investments into low-income communities. He was also president of J.P. Morgan’s proprietary community development entity, and led the community development intermediary lending business, which makes loans to community development financial institutions and Low-Income Housing Tax Credit syndicators.
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