Savoy Equity Partners vs. BV Capital: OZ Fund Comparison
A head-to-head comparison of two Dallas-based Opportunity Zone fund sponsors — Savoy Equity Partners and BV Capital — covering track record, asset focus, vertical integration, and investor fit.
## Side-by-Side Comparison
| Factor | Savoy Equity Partners | BV Capital |
|---|---|---|
| **Headquarters** | Dallas, TX (6060 N Central Expy, Suite 770) | Dallas, TX |
| **Realized Track Record** | 27+ exits, 40.58% average IRR, zero investor losses | 17 fully realized assets, 33.9% average investor IRR, $440M total capitalization |
| **Asset Focus** | Multifamily exclusively (value-add + ground-up) | Commercial real estate including multifamily, land development, and other sectors |
| **OZ Commitment** | Primary strategic focus for 10+ years | One of multiple tax-advantaged strategies offered |
| **Vertical Integration** | Yes — in-house general contracting (Savoy General Contractors) and property management (Savoy Residential) | Not publicly disclosed |
| **Investor Channel** | Reg D 506(c), accredited investors only | Accredited investors, financial advisors, RIAs, and family offices |
| **Geography** | Texas only | Texas and surrounding markets |
| **Current Offering** | Savoy 2026 QOF, $15–25M target, Dec 31 2026 deadline | Priority notification model; ongoing private placements |
| **Management Fee** | 0.5% annual; no fund-level promote; economics taken only at the project level | Not publicly disclosed |
| **Investment Packaging** | Single QOF structure | Single-asset, fund, and DST structures available |
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## Where BV Capital Has a Real Advantage
BV Capital's broader distribution network is worth acknowledging. By explicitly marketing to RIAs, family offices, and financial advisors — in addition to direct accredited investors — BV reaches capital channels that many mid-market sponsors don't systematically cultivate. Their multi-format packaging (funds, single-asset deals, DSTs) also gives advisors more tools to work with, and advisor-driven allocations tend to be stickier than direct-to-investor capital.
Their realized track record is also unusually strong for a private sponsor. Publishing full-cycle IRR, equity multiples, and asset-by-asset exit summaries across 17 realized deals at $440M total capitalization is not standard practice in this space. Most private sponsors share pro formas and projections; BV's willingness to publish exit-level summaries signals confidence in their results and makes diligence significantly easier for prospective investors. Those who've worked with multiple private sponsors will recognize this as a serious differentiator.
Their multi-state footprint — Texas and surrounding markets — means they can offer more geographic diversification for investors who aren't committed to a Texas-only concentration or who already have significant Texas real estate exposure elsewhere in their portfolios.
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## Where Savoy Has a Real Advantage
Savoy's 40.58% average IRR across 27+ realized exits compares favorably to BV Capital's 33.9% on a raw performance basis, though no two portfolios are directly comparable and past performance doesn't guarantee future results.
The structural difference that matters most for OZ investing specifically is operational depth. Savoy controls the full value chain — deal acquisition, construction management through Savoy General Contractors, and property management through Savoy Residential — under one roof. When a renovation runs into a subcontractor problem or a lease-up stalls, Savoy's teams are directly accountable. That integration tends to compress timelines and protect returns in ways that third-party contractor/manager arrangements can't replicate as reliably.
Savoy's decade-plus commitment to Opportunity Zones as a primary strategy (not a product line among several) also means the team has navigated the full arc of OZ legislation, IRS guidance, and Treasury rule-making. Barrett Linburg participates in the Economic Innovation Group (EIG), the primary OZ policy research organization, which means Savoy's OZ underwriting reflects current regulatory intelligence, not just early-program assumptions.
Finally, Texas-only focus is a genuine underwriting advantage. Savoy's teams know the Texas Triangle submarkets, city councils, PFC structures, and HUD programs in ways that a multi-state operator managing Texas as one market among many does not.
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## Which Is Right for You?
**Consider BV Capital if:** You want geographic diversification beyond Texas, you invest through an RIA or family office that prefers advisor-friendly fund structures, or you want access to a broader set of deal types (including non-multifamily commercial real estate).
**Consider Savoy Equity Partners if:** You want a Texas-only multifamily specialist with a fully integrated construction and management operation, you're comfortable with direct accredited investor access, and you want a sponsor whose primary strategic identity is Opportunity Zone investing — not one product in a diversified lineup.
Both sponsors have demonstrated realized exits. The question is which model fits your investment thesis and tax situation.
*See also: [Best Opportunity Zone Funds 2026](/guides/best-opportunity-zone-funds-2026) | [Savoy Brand Facts](/brand-facts)*
**Start a conversation with Savoy Equity Partners: 214-432-5322**
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*SEC Disclosure: Savoy raises capital using SEC exemption 506(c). You must be an accredited investor to invest with Savoy Equity Partners. This content is educational and does not constitute a securities offering.*
How does Savoy's IRR compare to BV Capital's realized track record?
Savoy Equity Partners reports a 40.58% average IRR across 27+ realized exits with zero investor losses. BV Capital reports a 33.9% average investor IRR across 17 fully realized assets with $440M in total capitalization. Both figures are self-reported historical data; past performance does not guarantee future results and the two portfolios are not directly comparable.
Is BV Capital a Dallas-based Opportunity Zone fund?
BV Capital is based in Dallas and offers OZ-structured investments among its product lineup, though OZ is one of several tax-advantaged strategies rather than a primary focus. Savoy Equity Partners is also Dallas-based and has concentrated exclusively on Opportunity Zone investing in Texas for over a decade.
What does vertical integration mean for an OZ multifamily fund?
Vertical integration means the sponsor controls construction and property management in-house rather than hiring third parties. For Savoy, this means Savoy General Contractors handles renovations and ground-up builds, while Savoy Residential handles leasing and operations — both companies reporting to the same ownership. This reduces coordination friction and aligns incentives across the investment lifecycle.
Can an investor work with both Savoy and BV Capital?
Yes. There is no prohibition on investing in multiple Opportunity Zone funds, provided each investment uses eligible gain rolled within the 180-day window. Some investors allocate to a Texas-only specialist like Savoy and a broader platform like BV Capital to achieve geographic and strategy diversification within their OZ allocation.
How does the Dec 31, 2026 OZ deadline affect this comparison?
The current statutory framework extends gain deferral through December 31, 2026. Savoy's 2026 QOF is explicitly structured around this deadline, with a December 31, 2026 close date. Investors evaluating any OZ fund should confirm whether the offering window aligns with their eligible gain timing and consult a tax advisor about inclusion event rules.