OZfile market data

The QOF market by the numbers

Fund counts, dollars, and average fund size, 2018 to 2024, from the IRS Form 8996 universe, every self certified Qualified Opportunity Fund.

QOFs, TY2024

12,800

Self certified on Form 8996

Total assets, TY2024

$116B

Including leverage, per Treasury OTA

Avg fund, TY2024

$9.1M

Mean assets per QOF

Form 8996 universe, TY2018 to TY20242 year lag

All self certified QOFs. Treasury OTA Working Paper 128 (Coyne and Johnson, June 2026), figures rounded. Averages computed here.

Qualified Opportunity Funds by tax year with fund counts, total assets, QOZ property, and computed averages

Source. Treasury OTA Working Paper 128, IRS Form 8996 filings transcribed through April 30, 2026, figures rounded to the nearest hundred funds and nearest $1B. Read carefully. Total assets include leverage. Averages are means, and the median fund is far smaller, 84% of QOFs invest in a single census tract.

Twelve thousand eight hundred funds file this form. The record behind the filing is the hard part, and that is what OZfile runs.

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