Fund Administration Purpose-Built
For Opportunity Zone Funds
A Robust Opportunity Requires Robust Administration
Opportunity Zone Funds hold tremendous potential for fund managers, investors and economically distressed communities. But they demand careful administration and rigorous oversight — the more so since this asset class is brand new, and regulatory guidance is still a work in progress.
At NES Financial, our expertise in supporting and tracking complex tax-deferred investments and government-regulated investment programs, such as the EB-5 immigrant investor program and 1031 tax-deferred exchanges, combined with our institutional-quality private equity fund administration capabilities, uniquely positions us to help Opportunity Zone Fund managers navigate this rapidly evolving marketplace.
Moreover, we’ve developed a purpose-built, technology-enabled Opportunity Zone Fund Administration Solution that delivers the highest levels of investor transparency, regulatory compliance and operating efficiency.
Opportunity Zone Fund Resource Center
Opportunity Zone Fund Administration Solution One-Sheet
The fund administration solutions used for other asset classes are simply not adequately suited to the needs of Opportunity Zone Fund managers and their investors.
The technology-enabled NES Financial Opportunity Zone Fund Administration Solution is purpose-built to efficiently and securely handle the middle- and back-office administration for Opportunity Zone funds, at scale and throughout the investment life cycle. This includes handling the specialized reporting requirements of the program.
If you are ready, give us a call at 1-800-339-1031 to speak with an Opportunity Zone Fund administration expert.
Or, if you’re looking for more information, but aren’t ready to chat, download our Opportunity Zone Fund Solution one-sheet for free instead!
Book a Free Opportunity Zone Consultation
Starting an Opportunity Zone Fund and have questions that need answers? Click the button below to schedule your call with one of our Opportunity Zone Fund experts. Our online calendar makes it easy to reserve your spot with one of our experts — all with no obligation whatsoever!
Or, give us a call at 1-800-339-1031 to speak with an Opportunity Zone Fund Services representative.
Not in a hurry and want us to call you back? You can fill out the form below and one of our representatives will get in touch with you.
Please complete the form for a free Opportunity Zone Fund consultation.
An Opportunity Zone is an economically distressed community where new investments, under certain conditions, are eligible to create tax benefits for investors. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Internal Revenue Service, acting on behalf of the Secretary of the Treasury. The Opportunity Zones certification process is now complete.
Economically challenged communities in all 50 states, the District of Columbia, and US territories — including the entire island of Puerto Rico, the Northern Mariana Islands, the US Virgin Islands, Guam and American Samoa — have qualified. Rural, urban and suburban areas have all qualified as Opportunity Zones. To determine whether an area is included within an Opportunity Zone, please click here to open the Department of the Treasury Community Development Financial Institutions Fund webpage, which has a complete list and map of the zones.
Capital gains that are realized through the sale or exchange of appreciated property are eligible for the tax benefits, provided that those amounts are invested in an OZ Fund within 180 days of the date of the sale or exchange. Any additional amounts invested in excess of the realized capital gains are not eligible for any tax benefits. There is no tracing of funds and, unlike Section 1031, the taxpayer may take possession of the funds prior to investing them in an OZ Fund.
The IRS is expected to issue some initial guidance in the form of proposed and temporary regulations shortly, which will address some of the basic issues, such as the self-certification process and who is considered the taxpayer eligible to make the investment in the OZ Fund. Due to the complexity of the OZ Funds legislation, it is expected that additional sets of regulations will be issued as well.
“The Opportunity Zone investment program has the potential to be the most impactful economic development program in the country. It is encouraging to see solutions like this coming into the space because ultimately, for the program to achieve its objectives, it will require many service providers and solutions that embrace best practices.”
Jim Butler, Founding Partner at JMBM
Get a Free Opportunity Zone Fund Consultation
Our free consultations carry no obligation whatsoever and are a great way to find out how our purpose-built, technology-enabled Opportunity Zone Fund Administration Solution efficiently delivers the highest levels of fund security, investor transparency, and regulatory compliance.
Download Our Opportunity Zone Solution One-Sheet
Not ready to give us a call about how we can help administer your fund? Download our Opportunity Zone Fund Administration one-sheet for free instead!
Learn more about this purpose-built, technology enabled administration solution, and why NES Financial is uniquely positioned to help Opportunity Zone Fund managers navigate this new and rapidly evolving marketplace.