Sixty West Funds Chooses NES Financial to Administer ‘Old Fourth Ward’ Opportunity Fund

NES Financial announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Sixty West Funds — a Missouri-based firm with a development pipeline exceeding $850 million in Qualified Opportunity Zone projects. The tax incentives associated with the Opportunity Zones (OZ) program are designed to encourage long-term investment into [...]

12 Reasons why NES Financial is on a Fintech roll so far this year (and 2019 isn’t even over yet)

The fintech industry has been described as “hot” in a recent article by Entrepreneur and we couldn’t agree even more. As a fintech company headquartered in Silicon Valley since 2005, the industry is only going to get hotter with different financial services and products being developed each day. We take pride in our Silicon Valley [...]

Opportunity Zones Knock for US Retail

A federal investment program can breathe new life into America’s struggling malls and shops, but only a select few. Private Equity Real Estate June 30, 2019 By Kyle Campbell Original Article: https://www.perenews.com/opportunity-zones-knock-us-retail/ The demise of American retail has been well documented by real estate professionals and amateur observers alike. One blog has a running tally [...]

NES Financial Recognized on San Francisco Business Times’ 2019 Greater Bay Area Fintech List

NES Financial, a Silicon Valley fintech company providing technology-enabled solutions for the efficient back- and middle-office administration of complex financial transactions, announced its debut on the annual Greater Bay Area fintech companies list. “Being named to the San Francisco Business Times’ Greater Bay Area FinTech list is a great honor and demonstrates NES Financial’s commitment [...]

NES Financial Extends Market Leadership with its Opportunity Zone Fund Administration Platform

NES Financial, a Silicon Valley FinTech company providing technology-enabled solutions for the efficient back- and middle-office administration of complex financial transactions, announced today that it has contracted to provide its 30th Opportunity Zone client with its purpose-built Opportunity Zone Fund Administration Suite. “With our Silicon Valley DNA and Big-Four accounting sensibilities, we continue to develop our [...]

Opportunity Zones Q&A: Are Distributions from an OZ Fund Taxable as Ordinary Income?

In hosting our Opportunity Zones webinar series, we’ve received many great questions covering a wide range of important topics. To help further your understanding of this exciting program, our General Counsel, Kelly Alton, a nationally recognized tax attorney who previously worked at the Office of Chief Counsel of the Internal Revenue Service National Office in [...]

Operational Efficiency in Private Equity: 4 Takeaways from the EY CFO Survey

Accounting firm Ernst & Young recently published their fifth annual survey of private equity CFOs. Unsurprisingly, they found that record inflows to private equity funds over the past few years have put strain on operations for all involved, no matter the fund size or geography. For funds both large and small, heightened competition and investor [...]

NES Financial to Administer Funds for Entertainment Venues in Opportunity Zones Across the Country

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Hotbed Entertainment Group, which includes key players behind Blue Man Group and other now-iconic stage productions, as they develop new music and theater venues in New Orleans and three other cities in the U.S. [...]

At Risk, Debt Arrangement, Guaranteed Redemption: Important Distinctions [Article]

Read the article   Commonly, USCIS challenges to EB-5 petitions may allege an investment is not eligible because it either (a) is not held “at risk,” (b) constitutes a “debt arrangement,” or (c) will result in a “guaranteed redemption.” However, though these terms differ substantially, the distinctions are poorly understood by many EB-5 professionals [...]

Opportunity Zones Newsletter Week of June 3, 2019

Comments to the Treasury on Data Collection and Tracking for Qualified Opportunity Zones Nonprofit affordable housing advocate Enterprise Community has published its comments on the latest round of OZ guidance. “Enterprise believes the collection and public reporting of meaningful data on qualified opportunity funds (QOFs) and their investments into designated Opportunity Zones (OZs) are critical first steps towards ensuring the OpportunityZones tax incentive [...]