The only part of the market not busy in recent years has been workout specialists and high-yield vulture funds, who have had very few assets from which to choose. Fund Accounting 101: What Is Fund Accounting? Phoenix American｜phoenixamerican｜note. 4 Ways Third-Party Fund Administration Can Make You Money. In a recent post we discussed ten ways outsourced fund administration saves you money.
But it gets better. There are actually four ways the right fund administration provider can make you money. Obviously, as an agnostic third-party provider of back-office services, your fund administrator is not in a position to introduce capital, refer potential investors or in any way promote your investment product. However, if your fund administration provider is deeply experienced, uniquely equipped and genuinely aligned with your interests as a fund manager, there are four ways your back office can significantly enhance your ability to raise new funds. Fund Accounting 101: Capital Activities — Phoenix American. Open in app PhoenixAmerican About Sign in Fund Accounting 101: Capital Activities — Phoenix American PhoenixAmerican.
New Client: Time Equities, Inc - Phoenix American – Telegraph. Phoenix American, a leading fund administration provider, is pleased to announce its new client partnership with New York-based real estate investment and development firm, Time Equities Inc.
(“TEI”). Phoenix American will fulfill the back-office operational needs of TEI with its industry-leading investor services platform featuring the state-of-the-art STAR-XMS shareholder management / transfer agent system. PHOENIX AMERICAN FINANCIAL SERVICES – Telegraph. New Client: Clear Sky Capital - Phoenix American - Phoenix American. Phoenix American is pleased to announce its new client partnership with investment management firm Clear Sky Capital (“Clear Sky”).
Phoenix American will support Clear Sky with its industry leading investor services platform featuring the STAR-XMS investor management / transfer agent system as well as Clear Sky 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.
Based in Phoenix, AZ, Clear Sky Capital is an investment management firm specializing in the acquisition and management of private equity and value-add real estate investments. Founded in 2009, the firm has successfully completed 61 transactions valued at $846 million across car wash, manufactured housing, multifamily, self-storage and salon suites. Clear Sky is currently raising equity capital for its manufactured housing series of funds – Beacon Partners, LP. Contact Details. New Client: Time Equities, Inc - Phoenix American. 4 Ways Third-Party Fund Administration Can Make You Money - PHXA｜phoenixamerican｜note. Fund Accounting 101: Capital Activities. 4 Ways Third-Party Fund Administration Can Make You Money. COVID-19 and Commercial Real Estate, the Road Ahead - PHXA. The Covid-19 pandemic changed everything.
States enacted shelter-in-place policies to stop the spread of the virus, forcing everything from businesses, schools, entertainment, to medical and personal care establishments to close throughout the country. Through mid-May, more than 33 million Americans had filed for unemployment benefits, pushing the unemployment rate to a staggering 14.7 percent. After a decade of prosperity, commercial real estate is facing a crisis that was entirely unforeseen. COVID-19 and Commercial Real Estate, the Road Ahead - Phoenix American: Fund Accounting. As the administrator for a wide variety of commercial real estate funds, Phoenix American has a unique perspective on the unfolding impact of recent events on this asset class.
From our fund administration role as well as from consultations with sponsors, investors and partners in the industry, we have seen the shock of the economic shut-downs absorbed and addressed by real estate fund sponsors of every size, with portfolio assets of every property type, in regions throughout the country. From what had been a strong beginning to the year, we witnessed unprecedented challenges for fund sponsors emerge in the wake of the COVID-19 pandemic crisis. From this one cause, we see a variety of effects emerging for commercial real estate funds going forward. Heading into 2020, commercial real estate asset values were at new heights, driven during the long economic expansion by persistently low interest rates, an influx of capital and strong fundamental performance. New Report: Venture Capital & COVID-19 Trend Outlook - Phoenix American. Fund Accounting 101: Financial Reporting For Private Equity - Fund Administrator Tips.
Fund Accounting: Phoenix American - Pandemic Recovery Plan. Phoenix American has had a pandemic recovery plan in place since the Swine Flu outbreak in 2009.
Based on our experience and what we are hearing from clients and partners, here’s what we’ve garnered from customers regarding the current crisis from an operational risk perspective. Disaster recovery plans are critical. New Client: Inspired Healthcare Capital - Phoenix American - Fund Accounting. New Client: Inspired Healthcare Capital - Phoenix American 10 Sep “As a leader in senior housing real estate investments, we look to partner with best-in-class providers.
Given Phoenix American Financial Services’ reputation and track record, they clearly hold themselves to high standards. We look forward to working with Phoenix American and providing our investors with exceptional service,” announced Luke Lee, CEO. “Inspired Healthcare is an innovative investment product sponsor in an important real estate sector given the aging of America’s population,” said Andrew Constantin, Senior Vice President, Operations for Phoenix American.
A Brand New Look And A New Website For Phoenix American - Phoenix American. In the early 1980s, Phoenix American Financial Services was established to leverage the back-office administrative capabilities of Phoenix Leasing as a full-service fund administrator for fellow sponsors in the alternative investment industry.
STAR-XMS, an advanced proprietary shareholder record keeping and transfer agent system that maximizes back-office efficiency, was developed based on the experience of Phoenix Leasing. STAR-XMS is now at the heart of our services as a third-party administrator and is also licensed to self-administered investment firms to streamline their back-office processes. Financial Reporting For Private Equity - Phoenix American. Phoenixamerican new document title. For alternative investment funds, tax season can be an onerous and distracting chore.
But it doesn't have to be. With a stricter regulatory environment in place than in years past, federal, state, local and foreign tax filings as well as sales use tax, property tax, income tax, 1065 e-filing, 1099s and K-1s must be prepared with precision,. The importance of the accuracy and promptness of these tax processes cannot be overstated. Nevertheless, rather than seek out an fund administration firm with experience and expertise to assist in these functions, many firms handle their taxes in-house. About Samuel Petrecky - Phoenix American. Sam Petrecky is the Vice President of Fund Accounting at Phoenix American Financial Services, Inc. He manages the Phoenix American fund accounting group in support of its offering of fund accounting services to private equity, venture capital, and real estate funds.
Prior to joining Phoenix American, Mr. Petrecky worked with multiple fund accounting providers including Standish Management, Vista Equity Partners, Sungevity, Inc., and AIS Fund Administration. He worked most recently with Gen II Fund Services, managing daily operations and accounting functions for private equity fund clients.
Mr. Fund Accounting 101: What Is Fund Accounting? Phoenix American. Fund accounting is a detail-oriented, deadline-driven role designed to streamline back-office administration for an investment fund so that fund management can concentrate on its core tasks of fundraising and the acquisition of portfolio assets. With the right fund accounting partner, an investment fund can rely on systematic day-to-day tracking of portfolio investments, their income, expenses and changes in value, cash flow in and out of the fund, management of investor needs and interaction with auditors and regulators.
Fund accounting will produce ongoing reporting that monitors the vital statistics of the fund, supports investor information needs, aids the production of tax documents and simplifies audits and regulatory filings. Sway.office. A Brand New Look And A New Website For Phoenix American on Behance. Fund Accounting 101: What Is Fund Accounting? Phoenix American. An anonymous reader writes: The fund accounting task begins even before the launch of the fund with detailed planning and preparation of the necessary infrastructure so the fund will operate both in accordance with the commitments and requirements of the fund formation documents and with the desired day-to-day workflow of fund management.
Customization of fund accounting and fund administration software as well as a clear designation of roles, responsibilities and expectations for both fund accounting and management sets up the fund to operate smoothly. Read More: Fund Accounting 101: Financial Reporting For Private Equity - Phoenix American. The Way Tax Season Should Be. For alternative investment funds, tax season can be an onerous and distracting chore. But it doesn't have to be. With a stricter regulatory environment in place than in years past, federal, state, local and foreign tax filings as well as sales use tax, property tax, income tax, 1065 e-filing, 1099s and K-1s must be prepared with precision,.
The importance of the accuracy and promptness of these tax processes cannot be overstated. Nevertheless, rather than seek out an fund administration firm with experience and expertise to assist in these functions, many firms handle their taxes in-house. Transfer Agents Perform Three Main Functions: Phoenix American. New Client: Inspired Healthcare Capital - Phoenix American. Fund Accounting on Behance. 3 Major Functions Perform By Transfer Agent - Phoenix American. According to the Securities and Exchange Commission, transfer agents perform three main functions: 1. Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares.
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