San Jose, CA, January 18, 2016 – NES Financial announced today that it has been selected by Goodman Capital as the third-party administrator for the company’s private equity real estate funds.
Goodman Capital is a New York-based real estate investment firm with a large investment portfolio of real estate assets across the New York City market. Leveraging its fully-integrated platform with property management, legal, and loan-workout expertise, the firm focuses on value-add real estate and distressed debt investments.
“Using NES Financial as our third-party fund administrator has proved invaluable to our process,” said Eric Goodman, Managing Partner of Goodman Capital. “By addressing investor concerns and mitigating excessive overhead, NES Financial enables us to focus on our core business of investing and managing investor capital.”
NES Financial’s Fund Administration Solution has changed the landscape for small and mid-sized private equity funds by providing a highly scalable technology platform that features built-in compliance, data security, enhanced reporting, and greater transparency. Designed to help any size private equity fund successfully raise and manage capital by reducing executional risk, improving compliance capabilities, and providing superior value to fund investors, the Solution is becoming the ideal choice for funds seeking to improve marketability by leveraging operational excellence.
“The Goodman Capital management team has a decades long track record of successful value investing in asset classes in which they are experts. Partnering with NES Financial provides a unique ability for Eric and his partners to complement their offerings with enterprise-quality fund administration and best in market technology,” said Scott Ramsey, NES Financial Vice President of Product Marketing. “I am particularly excited to watch Goodman Capital grow due to their ability to focus on their investors and new market opportunities rather than fund administration responsibilities.”
About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 assets annually, and has worked with over 450 EB-5 projects. For more information, visit nesfinancial.com.
About Goodman Capital
Goodman Capital is a value-oriented real estate investment firm. The firm’s management team has over 30 years of investing and operating experience in the highly regulated major Northeastern markets, specializing in value-add real estate and distressed real estate debt. The firm utilizes its extensive proprietary network of local relationships to source off-market deal flow and generate consistent, risk-adjusted returns for its investors throughout all market cycles. Goodman Capital manages assets on behalf of high net worth individuals, family offices, and institutional investors.