Market Overview

NES Financial to Administer Private Equity Fund for ProActive Realty Income Fund

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SAN JOSE, Calif., Nov. 5, 2020 /PRNewswire-PRWeb/ -- NES Financial, a JTC Company (LON: JTC), announced today that it has contracted to provide its purpose-built Private Equity Fund Administration Solution to Proactive Realty Income Fund, LLC — a Chicago-based, African-American led Private Equity Impact Fund that specializes in real estate asset acquisition, renovation, stabilization, and active management.

At a time where large institutional groups are pledging billions to invest in bridging the wealth gap in African-American communities across the U.S., the Proactive Realty Income Fund is focused on undervalued, stabilized, and value-add properties to provide affordable housing to distressed areas in Illinois, Ohio, Tennessee, and Michigan. With a focus on apartments and mobile home parks, the Fund provides affordable housing to its renters and access to affordable homeownership with options to buy a manufactured home at one of its mobile home parks.

"This Fund was designed for the impact-minded investors who want to 'Invest with Meaning' and to make a real and positive impact in distressed communities with affordable housing shortages," said Dr. Van Williams, Principal Manager. "Our investors are first. Period. And based on current trends, we expect solid growth over the next several years."

"Impact investing is clearly especially important to us, and there is no other fund administrator out there that is focused on objectively measuring a project's social impact like NES Financial. They have the experience, technology, and team to manage our fund size and needs, which allows us to focus on raising funds."

NES Financial's Private Equity Fund Administration Solution utilizes a uniquely scalable technology platform that features built-in data security, automated reporting, and enhanced transparency. Designed to help funds of any size successfully raise and manage capital by reducing operational risk, improving compliance capabilities, and providing superior value to fund investors, the solution is the ideal choice for funds seeking to improve marketability by leveraging operational excellence.

"Given the combination of the huge market sell-off earlier this year, and the state of our economy due to pandemic related lockdowns, the time is right for funds to be double bottom line focused," said Michael Richards, Head of Fund Administration USA for NES Financial. "Our in-house technology-enabled solutions are uniquely positioned for this trend in that they provide institutional scale fund administration at the same time as delivering objective, low burden impact tracking and reporting."

For additional information about the Private Equity Fund Administration Solution Suite, please visit the NES Financial website or contact a NES Financial representative at 1-800-339-1031.

About NES Financial
NES Financial, a JTC Company, is a multi-jurisdictional provider of fund, corporate and private client services. The company administers more than $130 billion in assets and employs more than 900 people worldwide. A leader in specialty financial administration, NES Financial serves markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.

As the North American division of JTC, NES Financial is the leading provider of third-party administrative solutions to US impact investment sectors, including Opportunity Zones and the EB-5 Program, as well as to US private equity fund managers and 1031 exchange participants. The company's technology-driven solutions streamline new best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and offering security, transparency and regulatory compliance during each step of an investment's life cycle.

For more information, visit nesfinancial.com.

About ProActive Realty Income Fund, LLC
The Proactive Realty Income Fund, LLC is an Impact Fund that is actively acquiring Class C multifamily properties in IL, OH, TN, MI, and other urban communities. We work to improve workforce housing & manufactured housing communities, and quality of living for the lower socioeconomic class, while delivering targeted above market returns for our investors. We target true value-add opportunities in distressed areas otherwise overlooked. The Fund allows for investments at scale and the manager to underwrite and be decisive. We are actively investing, impacting communities, and providing investors with income. Please visit ProactiveFunds.com or call 1-800-626-2089 for more information.

 

SOURCE NES Financial, a JTC Company

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