NES Financial Fund Administration Solution Changes Landscape for Small and Mid-Sized Private Equity Funds
Disruptive technology reduces executional risk, improves compliance capabilities, and provides superior value to fund investors.
NES Financial, a Silicon Valley financial technology company providing solutions and services for the efficient back and middle-office administration of complex financial transactions, announced today a significant increase in the adoption of its technology-enabled Fund Administration Solution on the part of small and mid-sized private equity funds.
Designed to help any size private equity fund successfully raise and retain capital by reducing executional risk, improving compliance capabilities, and providing superior value to fund investors, the NES Financial Fund Administration Solution is becoming an ideal choice of small and mid-sized funds seeking to improve marketability by leveraging operational excellence.
With a highly scalable technology platform that features built-in compliance, data security, enhanced reporting, and greater transparency, the Solution enables funds with resource constraints to efficiently deploy and operate a comprehensive, institutional-quality back and middle-office third-party fund administration solution through the entire investment life cycle.
“Having NES Financial as our third-party fund administrator has really helped on the capital raising side, on the capital deployment side, and even on a day-to-day basis where we don’t have to really spend our time focusing on the back-office administrative support needed for reporting,” said Eric Goodman, Managing Partner of Goodman Capital. “We can really focus on investing and managing outside capital, which is what we've been doing for over 30 years.”
Data-centric and fully integrated, the NES Fund Administration Solution is changing the way fund information is aggregated, stored, delivered, and viewed. This includes no longer having to manually build spreadsheets and produce reports. Instead, the Solution relies on data-driven portals and dashboards for GPs and LPs, enabling all parties to view fund information, such as timely reports and statements, anytime, from anywhere, and on any device – computer, tablet, or smartphone.
“Investor demands, fund expense pressure, and looming regulation have combined to create a perfect storm of unmet need in the private equity marketplace,” said Scott Ramsey, NES Financial Vice President of Product Marketing. “Frankly, issuers and investors are both seeking an institutional quality fund administration solution containing compliance standards, information security expertise, and market specific technology in an accessible and intuitive interface. We understand the pressures in this rapidly changing marketplace, and our customers lean on us to help them with the growing complexity and importance of fund administration.”
About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) 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, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 assets annually, and has worked with over 450 EB-5 projects.
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