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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.
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. Read more on https://bit.ly/2PFB7tB
Your disaster recovery plan must be comprehensive, documented and tested. It must include preparation for remote working, data replication to a remote site and significant downsizing. An unexpected loss of human resources means your firm will need to be ready to operate with a minimal staff. Read more on https://bit.ly/30KLtia
“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 fund.
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. Read more on https://bit.ly/2DUFMVW
A transfer agent may be a bank, a trust company, a stand-alone transfer agent provider or a team within a corporation or investment fund acting as the company’s own transfer agent. An in-house team may license a transfer agent system to increase their own efficiency without the licensor being the ‘transfer agent of record’. Read more on https://bit.ly/2Y0JrsD
In the early 1990s, Phoenix FiberLink was founded to construct and manage fiber-optic networks, connecting businesses as the nation and the world embraced the Internet as essential infrastructure for economic activity. During the explosive growth of Internet startups that followed. Read more on https://bit.ly/3aq807l
The benefits to investment funds of outsourced fund operations, including fund accounting, administration, tax services, sales reporting, investor phone support, web portal solutions, printing, fulfillment and compliance support, are many and varied. Read more on https://bit.ly/3h2OtfS
With 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.
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On a day-to-day basis, fund management's working relationship with its fund administration team should be very much like working with an in-house team of employees, with points of contact and work flow established at the outset to conform to management's preferred way of doing business.Management will have direct access to the investor database, investor and asset-side reporting for all filing, business review and sales strategy needs, and review-and-approval of any back-office processes as specified by them.The result is a partnership that capitalizes on the proficiencies of both parties to streamline and simplify the task of fund management to the benefit of investors.
10 Ways Third-Party Fund Administration Saves Money - Phoenix American,Phoenix American provides complete fund accounting services for both onshore and offshore funds. Contact us @415-485-4500 or visit site to get more details. https://www.phxa.com/fund-accounting/
The paper draws on our observations as a fund administration provider, conversations with the client sponsors of real estate funds as well as interactions with partners, intermediaries and other parti
“OneWall recently launched fundraising for our $50 million Nova Appian Preferred Income Fund I to continue expanding our workforce housing portfolio in the northeast. Phoenix will support us with a specialized, high quality fund administration platform at a great value. We are happy to be partnering with them as we enter our next phase of growth,” said Nate Kline, Chief Investment Officer and Principal of OneWall.
In many cases, you can find out which transfer agent a company uses by visiting the investor relations section of the… by fundaccounting
Phoenix American Financial Services provides full-service fund administration, fund accounting, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. The Phoenix American aircraft group provides administration and accounting services for securitizations specializing in the commercial aviation leasing industry. Read more on https://bit.ly/3heZvOU
In its most limited sense, a transfer agent is an agnostic third-party entity required to process a transfer of a company’s securities from one investor...
Fund accounting will have additional tasks during the liquidation phase of the fund. The wind-down process of a fund will depend on market conditions, management outlook, the vintage of the fund, and other factors. An orderly wind down might take a year to 18 months. Read more on https://bit.ly/2YhhRY9
With the growing sophistication of alternative real estate funds and the increased regulatory compliance they require, advanced operational solutions have become critical to the success of today’s fund sponsors. Phoenix American has combined the most efficient systems and back-office processes in alternative investments since its origin as a fund sponsor in 1972. Read more on https://bit.ly/3hcSJJI
With the growing variety and sophistication of alternative real estate funds and the increased regulatory compliance they require, advanced operational solutions are critical to the success of today’s fund sponsors. Phoenix American has combined the most efficient systems and back office proce...
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.
Top takeaways from the report include an analysis of the effects of previous economic downturns on venture capital, the current state of VC fundraising, the priorities for VCs during the crisis and key investment opportunities. The report considers several factors of interest. Read more on https://bit.ly/3husT49
For 48 years, Phoenix American has led the way in administrative support for alternatives. With our deep experience, we combine the role of complete operational partner with specialized technology, a full range of services, and a personalized approach, allowing fund management to focus on assets and sales. Read more on https://bit.ly/34iKGaD
What Is The Impact Of Covid-19 On CRE? Phoenix American,Phoenix American provides complete fund accounting services for both onshore and offshore funds. Contact us @415-485-4500 or visit site to get more details. https://www.phxa.com/fund-accounting/
As the sophistication of alternative real estate funds increases along with regulatory requirements, more funds turn to Phoenix American’s suite of advanced operational solutions. Phoenix has combined the most efficient systems in alternative investments with time tested back office processes since its origins as a fund sponsor beginning in 1972. Phoenix American’s industry leading STAR-XMS transfer agent system reflects the Company’s experience as a fund sponsor and its decades of experience as an fund administrator for alternative investment funds.
John McInerney, having served Phoenix in various roles for over ten years, was elevated to Managing Director of PAFS Ireland late in 2018. In 2019, Mr. McInerney and the team in Shannon, Ireland continued to build on the success story that is PAFS Ireland by winning and servicing new contracts while managing an overall staff increase of 13 percent to ensure the business continues to go from strength to strength. “Long employee commitment and promotion from within are values considered essential to Phoenix for long-term high-quality performance,” said Mr. McInerney.
