NES Financial has been selected by Clairmont Capital Group (CCG) as the third-party administrator for the firm’s latest private equity real estate fund.
Clairmont Capital Group is a Los Angeles-based real estate private equity firm that specializes in General Partner (“GP”) equity co-investments in institutional-grade ventures. Clairmont’s unique model offers access to a tranche of the capital stack rarely available to investors and targets superior risk-adjusted returns as compared to typical retail or “LP” investments.
“When considering our options for fund administration, the sophistication of NES Financial’s platform immediately stood out to us,” said Clairmont CEO Christian Wenger. “The online portal that they provide to our investors is a key differentiator, offering 24/7 access to fund status, capital account financial data, document sharing and personal alerts. At the end of the day, NES Financial’s services make our job easier — improving efficiency and allowing us to focus on prudent investing.”
“Despite the relatively small size of this particular fund, CCG has all the administrative requirements of a large firm,” said Reid Thomas, Executive VP and General Manager at NES Financial. “Not many fund administrators have the capability to scale to any fund size and remain cost-efficient. It’s instances like these where our technology-enabled platform makes a big difference.”
Read the full press release by clicking here.
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