Types

Types2017-02-14T20:29:55+00:00

NES Financial CTO Wins 2019 Ambassador of the Year Award

NES Financial announced today that its CTO Izak Joubert was named Ambassador of the Year by OutSystems, a global enterprise software company and leader in low-code application development platforms. The OutSystems Innovation Awards recognize, honor, and celebrate the organizations and people that are using OutSystems to make IT dramatically more proactive, productive, and essential in creating business value and driving innovation. The award presentation ceremonies are annual celebrations held at their customer conferences in the [...]

Griffin Capital Chooses NES Financial to Administer Opportunity Fund

NES Financial announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Griffin Capital Company, a leading alternative investment asset manager with more than two decades of investment and real estate experience. Griffin Capital’s alternative investment solutions include non-listed real estate investment trusts (REITs), actively managed interval funds, tax-advantaged Delaware statutory trusts (DSTs), and an Opportunity Zone Fund. The tax incentives associated with the Opportunity Zones (OZ) program [...]

NES Financial to Administer Opportunity Zone Fund for Student Micro Housing

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Arcis Real Estate Capital LLC (“ArcisRE”), an investment management and advisory firm that sponsors and invests in operationally driven real estate asset types such as student micro housing, multifamily, senior living, and hospitality. The student micro housing project in the Seattle metropolitan area of Tacoma, WA, will feature seven floors of 156 residential units [...]

Silicon Valley’s NES Financial Signs 40th Opportunity Zone Fund

NES Financial, a 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 40th Opportunity Zone client with a purpose-built Opportunity Zone Fund Administration. “NES Financial’s purpose-built solution for opportunity zone funds allows them to demonstrate the measurable good they were designed to achieve,” said Michael Halloran, CEO at NES Financial. “With our combined Silicon Valley and Big-Four DNA at NES [...]

NES Financial’s Private Equity Fund Administration Selected by Resolute Capital Partners for Energy Asset Funds

NES Financial announced today that it has been selected by Resolute Capital Partners as the third-party administrator for the firm’s energy asset funds. Resolute Capital Partners specializes in bringing “beyond–Wall Street” opportunities in energy, commercial real estate, technology and other alternative sectors to market. Their latest fund, Strategic Energy Assets VIII Access Fund, LLC, provides eligible investors access to modern oil and gas opportunities through the acquisition, development, drilling, and completion of well leases — [...]

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 economically distressed areas across the country. Opportunity Fund investors get immediate deferral of taxes on invested capital gains, and additional [...]