While it's taken a tremendous amount of hard work, we are grateful for the results and recognition we have achieved over the past year. Our first fund is open until the end of January 2020 and we're excited for Fund II, launching February 1st, to continue to facilitate our investments across Colorado.
All of our projects in Fund I are committed and moving forward. The projects require $17.6M in equity across our first portfolio of investments. To view this portfolio, request access to our Opportunity Zone Fund Data Room. Each investment is highlighted with the basis of our investment thesis.
Forbes granted Four Points Funding national recognition as a Top 10 Opportunity Zone Fund as part of the Forbes OZ 20, which identifies the top 10 OZ funds and communities. The OZ 20 recognizes "investing for lasting impact." We are very happy that our work has been recognized for its positive impact and hope it leads others to see that the best return on investment comes with projects that are aligned with community needs.
In important news, the final Opportunity Zone regulations were released by the Treasury last month with good clarity to support our approach. Investors that had concerns about what could change from a regulatory perspective can now invest confidently with Four Points Funding.
Prior to the final regulations, investors were required to net all of their 1231 gains and losses. Under the latest guidance, investors do not need to net their 1231 gains. Instead, investors can place their 1231 gains from an individual investment in an OZ fund within 180 days of realizing the individual gain.
Again, let us know if you want to take a more detailed look at our investments in Fund I and we can share our data room that contains deal memos for each investment and overview pitch deck. As always, we are an open book and will gladly get on a call or meet in person to talk more about Four Points Funding and all that we are doing.
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