Frequently Asked Questions

The New Reality Fund is a professionally managed investment platform designed to put capital back in the places people actually live. It uses Business Development Company (BDC) structures to deploy capital into private businesses and productive assets within specific regions — starting with California, with additional regions to follow.

The fund is open to accredited investors. This is a regulatory requirement for private investment vehicles like BDCs when structured this way. We're building toward broader accessibility over time, but the initial structure requires accredited investor status. See our Access & Minimums page for details.

Minimum investments vary by fund and structure. Please see our Access & Minimums page for current requirements. We're working to make regional investing accessible to as many qualified investors as possible.

A Business Development Company (BDC) is a regulated investment vehicle created by Congress in 1980. BDCs are designed to connect retail investors with private businesses. They are SEC-regulated, can be held in IRAs and brokerage accounts, and typically distribute most of their income to shareholders. While BDCs have existed for 46 years, they've primarily been used as national lending platforms rather than regional investment ecosystems. NRF proposes using the same structure for a different purpose: regional capital formation.

The first regional deployment is planned for California. A second region (Western North Carolina) is in development. The model is designed to be repeatable — the same centralized management infrastructure supporting multiple regional funds over time. Each regional fund invests in businesses and assets specific to that region's needs.

As with any investment, returns are not guaranteed and past performance does not guarantee future results. BDCs typically generate returns through a combination of interest income (from debt investments) and equity appreciation. Our focus is on building durable regional investment portfolios that can generate consistent income while preserving and growing capital over the long term. Specific return targets will be detailed in fund offering documents.

ESG strategies typically screen public market investments for environmental, social, and governance criteria. The New Reality Fund takes a fundamentally different approach: rather than filtering public market exposure, we're building direct investment in regional private businesses and assets. This isn't about ethical screens on public equities — it's about creating new investment infrastructure that connects capital to place.

Fee structures vary by fund and will be fully disclosed in the offering documents. As a professionally managed investment vehicle, fees cover centralized management functions including underwriting, compliance, technology, investor relations, and operations. We are committed to fee transparency and alignment with investor outcomes.

Yes. BDCs can be held in IRAs, making them accessible to retirement accounts. This is an important feature — it means the $46 trillion in American retirement savings can potentially be connected to regional investment without requiring new legislation or structural changes.

Visit our Get Started page to express interest. From there, you'll go through the accreditation verification process, receive fund documentation, and have an advisor conversation to determine whether the fund is appropriate for your investment goals and circumstances.