Phoenix American
Preferred Return – 100% of profits are distributed to the investors until a predetermined annual rate (a preferred return) is reached (usually 7-9%).
Preferred Return – 100% of profits are distributed to the investors until a predetermined annual rate (a preferred return) is reached (usually 7-9%). Catchup – 100% of profits are distributed to the manager to “catch up” to management’s contractual performance fee or carried interest (typically 20%). Read more on https://bit.ly/3wk6EF4
The AIX Platform integration will also enable Phoenix American to create opportunities for advisors to participate in alternatives, providing a significant competitive edge. AIX’s technology was built to provide dynamic check points across the entire investment life-cycle, removing obstacles that advisors and wealth management home offices often encounter. Read more on https://bit.ly/2Ryy4rI
In 2020, PAFS Ireland, Ltd. completed an ISAE 3402 Type II audit, certifying that the company has internal controls that meet or exceed the standards of the International Auditing and Assurance Standards Board (IAASB). The ISAE 3402 Type II is equivalent to a SOC 1 Type II audit in the United States. Read more on https://bit.ly/2Rus8Aa
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. Read more on https://bit.ly/3f05oAR
Waterfalls can be applied at the individual level or the fund level. The individual-level waterfall adds the most complexity for fund accounting. Tracking allocations for investors who entered the fund at different times, under different provisions or spanning tax years adds a significant fund accounting burden. Read more on https://bit.ly/3yy1rvc
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. Read more on https://bit.ly/3ylaWgZ
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. Read more on https://bit.ly/2S89qOA
Phoenix American Financial Services and its wholly owned subsidiary PAFS Ireland, Ltd (collectively “Phoenix”) announced robust business and operational growth for 2019, building on a decades-long industry leading role as provider of managing agent services for asset-backed securitizations (ABS) in the commercial aviation and aircraft engine leasing industry. Read more on https://bit.ly/3hOF4M9
Phoenix American, a leading fund administration provider, is pleased to announce its new client partnership with Pennsylvania-based life settlement company Lighthouse Life Capital. Phoenix American will fulfill the back-office operational needs of Lighthouse Life with its industry-leading investor services platform featuring the state-of-the-art STAR-XMS shareholder management / transfer agent system. Read more on https://bit.ly/3fQ1I4b
Since 1993, Phoenix American has performed corporate services, fund administration, fund accounting and cash management for aircraft and engine leasing transactions of every size, scope and complexity. In 2007, our office in Shannon, Ireland was established to serve ABS clients and now employs over 50 finance professionals. Read more on https://bit.ly/2QDQkj3
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 integrated fund accounting services. Read more on https://bit.ly/3veHI1C
Phoenix American Financial Services, Inc. (“Phoenix”) is pleased to announce its new client partnership with Forum Partners (“Forum”). Phoenix will support Forum with its full fund administration services suite including fund accounting as well as its industry leading investor services platform. Read more on https://bit.ly/3veHI1C
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. Read more on https://bit.ly/3fCC9mY
TEI currently holds in its own portfolio approximately 33.6 million square feet of residential, industrial, office and retail property, including about 5,000 multi-family apartment units, approximately 800,000 square feet in pending acquisitions, and 1.1 million square feet of various property types in stages of pre-development and development. Read more on https://bit.ly/3hJnSaM
Phoenix American Financial Services and its wholly owned subsidiary PAFS Ireland, Ltd (collectively “Phoenix”) announce today that John McInerney, Managing Director of PAFS Ireland, Ltd, has been honored with the Future Leader Award by Airline Economics magazine. Read more on https://bit.ly/3v8bWmL
Phoenix American Financial Services and its subsidiary PAFS Ireland, Ltd (“Phoenix American”) announced solid business and operational progress in 2020, building on the company’s nearly 25-year industry-leading role as provider of managing agent services for asset-backed securitizations (ABS) in the commercial aviation industry. Read more on https://bit.ly/3uekY0b
Phoenix American Financial Services provides leading-edge fund administration, fund accounting and technology for the alternative assets industry. As an SEC-registered transfer agent, our full-stack outsourced back-office solutions enable private fund managers to concentrate on what they do best. Read more on https://bit.ly/2RGjCy4
Waterfalls can be applied at the individual level or the fund level. The individual-level waterfall adds the most complexity for fund accounting. Tracking allocations for investors who entered the fund at different times, under different provisions or spanning tax years adds a significant fund accounting burden. Read more on https://bit.ly/3bOAIkd
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 integrated fund accounting services. Read more on https://bit.ly/3yy3KhG
We are pleased to partner with an industry leader in Phoenix American Financial Services to better serve our investors as we continue to grow our offerings to independent RIA’s, Family Offices and Institutional Investors,” said Joshua Martinez, Head of Capital Markets for Clear Sky Capital. Read more on https://bit.ly/3fdtKr6
On May 11, Mr. Montenecourt will participate in the panel: Pandemic Workaround to Mainstream. During the past year, the challenges of remote work, lock downs and the broad disruption to the business world forced companies to adapt in order to continue functioning. Several new practices put in place in the alternatives space have become the new norm and moved the industry forward. Read more on https://bit.ly/3ekUftP
This provision is compelling to investors looking to acquire more real estate rather than cash out. Most people aren’t able to afford a new property after paying taxes on a property that was previously sold. Like-kind exchanges are a key component of the real estate investment market to small and mid-size investors, benefitting everyday investors by allowing them to increase income and net worth by temporarily deferring taxes on reinvested sales proceeds.
Phoenix 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.
Background on 1031s In the last 10 years, like-kind exchanges have accounted for 10-20% of all commercial real estate transactions. Like-kind created 100 years ago with the goal of aiding farmers to help them reorganize and improve their properties, combine acreage, acquire superior land, and lessen environmental impacts. One may dispose of an asset and use the proceeds to acquire a similar one of equal or greater value. In doing so, capital gain and depreciation recapture taxes may be deferred.
Capital is the lifeblood of your investment fund. The ability to raise and deploy capital is the expertise you bring to investment management. How to account for your capital flow, manage its movements and report on it with accuracy, clarity and compliance is the critical task of a fund accounting provider. How your fund will operate with regard to capital flow should be discussed in detail with fund accounting. Read more on https://bit.ly/3rbDE0M
Phoenix American Financial Services provides leading-edge fund administration, accounting and technology for the alternative assets industry. As an SEC-registered transfer ...
