NES Financial announced today that it has recently contracted to provide its 20th Opportunity Zone Fund client with its purpose-built Opportunity Zone Fund Administration Suite, which is designed to provide the utmost in security, transparency and compliance to fund managers and investors alike.
NES Financial’s innovative, technology-enabled administration expertise, which has already revolutionized best practices in industries as diverse as private equity, EB-5 investor visas and tax-deferred 1031 property exchanges, is now poised to do the same for Opportunity Zone Funds, as its solutions are adopted by an ever-growing share of the new industry. “On the one hand, this is a good thing – there’s very little red tape to deter fund formation and investment. However, this same flexibility also leaves the industry vulnerable to impropriety, intentional or otherwise. Our OZ Fund Administration Suite brings established best practices from other, more mature financial industries into the Opportunity Zone space, maximizing fund security, transparency and compliance and providing peace of mind to investors.”
The purpose of the NES Financial Opportunity Zone Fund Administration Suite is to efficiently and securely handle administration of growing funds, at scale, so that Opportunity Zone Fund managers can focus on raising capital and deploying it to underserved communities across the country.
For additional information about the Opportunity Zone Fund Administration Suite, please visit NES Financial’s online OZ resource center. About NES Financial NES Financial is a Silicon Valley financial technology 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, NES Financial offers industry-leading private equity fund administration, loan servicing, specialized EB-5 and Opportunity Zone Fund Administration, and 1031 tax-deferred exchange services.