Historic Opportunity Zone Fund to help communities devastated by natural disasters San Jose, CA, March 23, 2021 – NES Financial | JTC (LON: JTC), announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration solution to Puerto Rico Opportunity Zone Fund, LP (PROZ) — an Opportunity Zone fund managed by Monllor [...]
1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property (the “relinquished property”) and purchase a “like-kind” replacement property, structuring these two transactions as a 1031 exchange can enable you to avoid capital gains tax and depreciation [...]
Outsourcing fund administration is a big decision, and one that many fund managers have historically been reluctant to make. However, over the past few years, investor needs have driven increased administrative demand on funds of all sizes, and many GPs have begun to realize that in-house fund administration is often a misuse of precious [...]
Earlier this summer, Invest in the USA (IIUSA), the not-for profit membership association for EB-5 professionals, launched a membership drive to bring new stakeholders into its community. In doing so, the association will be able to continue to diversify its membership base in the U.S. and around the world, and ultimately further EB-5’s economic impact. [...]
Since we held our last EB-5 webinar, the world has been turned upside down. The global spread of COVID-19 has upended entire economies, and the EB-5 Program touches three areas which have been severely affected: employment, immigration and real estate development. On Wednesday, August 12, JTC Americas, Formerly NES Financial, hosted an important EB-5 webinar, [...]
As the Opportunity Zones initiative continues to bring much-needed economic dollars to distressed areas across the U.S. during the COVID pandemic, there is substantial capital looking for investment opportunities that could help the initiative grow. During our “Insider Insights Series: Navigating a New Era in Opportunity Zones” webinar this past June, we spoke with Emilio [...]
The risks of remote work are steep enough within your own company, whether it’s your son spilling juice on freshly signed documents or cyberthreats amid a pandemic in which attacks have shot up 400%. But add offshored workers into the mix – in regions perhaps more vulnerable to cyberattacks and less conditioned to remote [...]
Over the past few years, investor needs have driven increased administrative demand on funds of all sizes, and many GPs have begun to realize that in-house fund administration is often a misuse of precious resources. To address this vital and cost-saving decision, JTC Americas, Formerly NES Financial, asked industry experts for the No. 1 advice [...]
Our Chief Revenue Officer and Managing Director Reid Thomas recently moderated a panel at OZ Expo’s virtual event about Getting A ROI While Making a Difference: What Role Does Social Impact Investing Play in Opportunity Zones? The group openly discussed the potential burdens of reporting requirements, including impact reporting in Opportunity Zones. “There’s a lot [...]
NES Financial was recently acquired by JTC Group, an award-winning provider of fund, corporate and private client services to institutional and private clients, operating in 19 countries, servicing over $130 billion in assets. As part of this acquisition, NES Financial is now able to offer complementary products and services that we believe will be [...]