https://bit.ly/3qA4SjuWith a perspective coming from the company’s experience with alternative investment funds, Phoenix American emphasizes the need for fund sponsors to be able to respond operationally to major economic disruptions with innovative solutions to fund raising, cash flow and deal acquisition that are supported by a versatile and robust back office infrastructure – a distinct advantage enjoyed by Phoenix American client funds in the current economic environment.
“The economic disruption of COVID-19 has forced VCs to make rapid changes in the way they operate,” said Andrew Constantin, Senior Vice President, Operations for Phoenix American. “A flexible and robust administrative infrastructure that is able to adapt to the needs of client funds in a time of crisis removes an element of risk and distraction and sets up managers to endure and succeed.” Read More: New Report: Venture Capital & COVID-19 Trend Outlook Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Private Equity Fund Accounting Visit Reference Profile Websites:
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PHOENIX AMERICAN FINANCIAL SERVICES ANNOUNCES NEW CLIENT PARTNERSHIP WITH VALEO GROUPE AMERICAS8/17/2021 Phoenix American Financial Services, Inc. (“Phoenix”) is pleased to announce its new client partnership with investment management firm Valeo Groupe Americas, LLC (“Valeo”). Phoenix will support Valeo with its industry leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system as well as integrated fund accounting services. Valeo Groupe will benefit from Phoenix American’s combination of advanced technology, focus on customer service and long experience with the unique operational requirements of real estate investment investment funds.
Read More: New Client: Valeo Groupe Americas Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Administration Service Visit Reference Profile Websites:
Biden’s American Families Plan and 1031
In recent months, President Biden introduced the American Families Plan with the goal of “making education more affordable and expanding opportunity, providing economic security for families, and expanding tax credits that help workers and families.” Along with reversing various tax cuts introduced in the 2017 Tax Cuts and Jobs Act, one of the more notable propositions is limiting the 100-year-old provision of the Internal Revenue Code (IRC), the ‘like-kind exchange’ provision, allowing for deferment of capital gains and recapture taxes on properties held for investment. Read More: 1031 Exchange Series: Biden’s American Families Plan And 1031 Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Administration Service Visit Reference Profile Websites:
Modiv is a real estate, fintech and proptech asset manager focused on reimagining modern real estate investing. Driven by innovation, an investor-first focus and an experienced management team, Modiv has created one of the largest non-listed real estate investment funds to be raised via crowdfunding technology and is the first real estate crowdfunding platform to be completely investor-owned. Modiv provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth.
Read More: Phoenix American Announces Client Partnership With Crowdfunding Real Estate Fund Sponsor Modiv Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Accounting Service Visit Reference Profile Websites:
Phoenix American Announces New Client Partnership with Real Estate Fund Sponsor Bonaventure7/12/2021 New Partnership Reflects Phoenix American Experience with Alternative Investment Funds and Proficiency with All Asset Classes
Phoenix American is pleased to announce its new client partnership with real estate investment management firm Bonaventure. Phoenix American will support Bonaventure with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system as well as integrated fund accounting services. Bonaventure will benefit from Phoenix American’s combination of advanced technology, focus on customer service and long experience with the unique operational requirements of real estate investment funds. Read More: New Client: Bonaventure Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Administration Service Visit Reference Profile Websites:
Waterfall structures can become very granular. Venture capital and real estate fund managers often have complex waterfalls. Special situations and side letters for particular LPs add significant complexity. The greater the granularity of the waterfall structure the more items fund accounting will have to track from the outset and calculate on an ongoing basis. Waterfalls may be triggered by the completion of a deal, may occur periodically at a predetermined interval or may only happen upon the wind down of the fund.
These buckets can be simple and straightforward or quite complex. If you’ve never been through a realization event, you may not realize what you’ve created in your waterfall structure. Fund formation attorneys, when setting up funds, may know what is legally permissible with regard to creating waterfalls but may be unfamiliar with the practical implications of a complex waterfall structure. As a matter of fund accounting, there is a price to complexity. There are significant costs associated with tracking and reporting everything in a complex waterfall. Read More: Fund Accounting 101: Distribution Waterfalls Contact Details: [email protected] 415–485–4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Accounting Service Visit Reference Profile Websites:
Phoenix American attributes its continued success to an uncompromising insistence on excellence in every aspect of its service offering. The company utilizes Oracle Financials for its general ledger accounting and adheres to robust processes, procedures and controls. The company’s long-tenured work force represents deep levels of operational experience.
“Top tier technology, a rigorous control environment and experienced personnel with a laser focus on customer service are what issuers look for in a managing agent and that’s what we deliver at Phoenix American,” said Joseph Horgan, Senior Vice President at Phoenix American. Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Accounting Service Visit Reference Profile Websites: Transfer agent Fund administration https://bit.ly/3u6iIc5 https://bit.ly/3u8Wwy4 https://bit.ly/3e2Y0V6 https://bit.ly/3aOrAeJ https://bit.ly/2QHCGLJ https://bit.ly/2R9GVzE https://bit.ly/2Qy557f https://bit.ly/3dYT5V4 https://bit.ly/3t13h3t https://bit.ly/3gNDBF3 https://bit.ly/3gVCLWO https://bit.ly/3vohmtm https://bit.ly/3u7GLY Phoenix American Financial Services Inc. (Phoenix) announced today that the company has hired Tony Olivo as Vice President of Sales. Mr. Olivo will be responsible for implementing the company’s sales strategy, developing and maintaining an expanded client base for the fund accounting, investor services, back office outsourcing and technology solutions Phoenix provides to alternative investment funds.
Mr. Olivo brings to Phoenix American fourteen years of industry experience, over ten of which were with Phoenix American. He began his financial services career at Phoenix in 2006 as an investor services representative. He served in operations with the company for four years amassing a comprehensive knowledge of back office operations for alternative investment funds and working extensively with Phoenix’s proprietary STAR-XMS fund administration system. Having risen to the level of Senior Account Manager, Mr. Olivo transitioned to Director of Business Development in 2010 and served in that role for seven years. Since 2017, Mr. Olivo has worked with PEF Services as Director of Business Development. He returns to Phoenix American as Vice President of Sales. Read More: Phoenix American Financial Services Announces the Hiring of Tony Olivo as VP of Sales Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Administration Service Visit Reference Profile Websites:
Lighthouse Life Capital’s fixed income debt investments, Beacon Bonds, provide investors the ability to participate in the life settlement asset class. Lighthouse Life’s strategy is to source and purchase unwanted, unneeded or unaffordable life insurance policies and generate revenue from the resale of the policies to third-party purchasers. Proceeds from Beacon Bonds are used to expand networking, marketing and advertising of Lighthouse Life’s life settlement services and to purchase additional policies. Lighthouse Life works with financial professionals, including insurance agents, financial advisors, accountants, and others who advise and assist life insurance policy owners with the sale of unwanted policies. The goal is to realize return from the resale of policies in weeks or months rather than years, mitigating the risk of constructing and maintaining a portfolio of policies typically associated with life settlement funds.
Read More: New Client: Lighthouse Life Capital Contact Details: [email protected], 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Accounting Visit Reference Profile Websites:
Lighthouse Life Capital’s fixed income debt investments, Beacon Bonds, provide investors the ability to participate in the life settlement asset class. Lighthouse Life’s strategy is to source and purchase unwanted, unneeded or unaffordable life insurance policies and generate revenue from the resale of the policies to third-party purchasers. Proceeds from Beacon Bonds are used to expand networking, marketing and advertising of Lighthouse Life’s life settlement services and to purchase additional policies. Lighthouse Life works with financial professionals, including insurance agents, financial advisors, accountants, and others who advise and assist life insurance policy owners with the sale of unwanted policies. The goal is to realize return from the resale of policies in weeks or months rather than years, mitigating the risk of constructing and maintaining a portfolio of policies typically associated with life settlement funds.
Read More: New Client: Lighthouse Life Capital Contact Details: [email protected] 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Administration Service Visit Reference Profile Websites:
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AuthorPhoenix American Financial Services provides full-service fund administration, fund accountant, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. ArchivesNo Archives Categories |