New Report: Venture Capital & COVID-19 Trend Outlook

We have published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on the venture capital industry. Venture Capital & COVID-19: The State of Fundraising, Historical Downturn Insights & Startup Trends analyzes the effects on venture capital of the first four months of the pandemic crisis and the outlook for the rest of 2020 and beyond.

The paper draws on Phoenix American’s observations as a fund administration provider, conversations with the sponsors of its many client funds as well as interactions with partners, intermediaries and other participants in the industry. The company’s twenty-plus years as a fund sponsor as well as forty-plus years as a provider of fund administration services provides a unique perspective on current events and their effects on investment funds.

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: New Report: Venture Capital & COVID-19 Trend Outlook

Contact Details:

sales@phxa.com

415-485-4500

2401 Kerner Blvd, San Rafael, CA 94901, United States

Fund Accounting Service

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New Client: Burlington Capital

Phoenix American is pleased to announce its new fund administration relationship with alternative investment management firm Burlington Capital. Phoenix American will support Burlington Capital’s real estate funds with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system. Burlington Capital will benefit from Phoenix American’s advanced technology, focus on customer service, and experience with the operational challenges specific to alternative investment funds. Headquartered in Omaha, Nebraska, Burlington Capital is an alternative investment management firm that is driven by a tradition of trust. Read more on https://bit.ly/3DvHCpE

New Client: MHC Capital

MHC Capital operates manufactured home communities across the Midwest and the Great Plains region. The company focuses on helping buyers find the right fit for their needs and budget without compromising on quality. MHC seeks to develop quality affordable homes with a deep sense of community and a shared set of values. MHC partners have structured and managed over $1 billion of private investment capital over more than 30 years. The company builds strong relationships with investors and financing sources to ensure that its projects are adequately capitalized. MHC’s full service property management company, FTI Property Management, leases and manages residential and commercial property in more than ten states with extensive experience in home renovation. Read more on https://bit.ly/32ie2qH

Capital Contributions - Fund Accounting 101

Capital contributions to the fund are the first concern. How capital comes into the fund and how it is tracked will be important for distributions, capital calls and audit purposes. If there are multiple share classes, general partners and limited partners, multiple dividend rates or legacy investors assigned into the fund, all this needs to be coded and tracked at the outset for accurate payments and financial reporting. Does historical activity need to be maintained to account for break points and thresholds? Will investors receive warrants and how will they need to be tracked? Will in-kind contributions be accepted? If so, how will any excess value be allocated? Will the investor be treated differently in any way? Will the general partner be allocating carried interest into the fund? Might the manager be paid in equity rather than cash for consulting fees, management fees, or other services? Are there different distribution terms for different categories of investors, perhaps all the investors with a given custodian? Are there side letters? What provisions are in place in the event of deaths, divorces and other upheavals among investors going forward?

Read More: Fund Accounting 101: Capital Activities

Contact Details:

213-277-9177

la@sfwpexperts.com

Suit #210 353 Kearny St. San Francisco, CA 94108

american financial

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New Client: NAI Legacy

Phoenix American is pleased to announce its new client partnership with real estate investment management firm and fund sponsor NAI Legacy. Phoenix American will support NAI Legacy with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system. NAI Legacy will benefit from Phoenix American’s combination of advanced technology, focus on customer service and long experience with the unique operational requirements of Delaware Statutory Trust (DST) real estate programs. NAI Legacy is a full-service commercial real estate firm specializing in tax-efficient real estate investment solutions. Structured solutions include 1031 Exchanges, DSTs, Qualified Opportunity Zones (QOZ), Accelerated Depreciations (Bonus Depreciations) and Structured Sales. Read more on https://bit.ly/3DLx8CS

1031 Exchange Series: Life Science Properties & Opportunity Zone Investing

Life science properties are a growing trend among those repositioning underutilized properties. These consist of buildings catered toward technology, medical, and life science usage, with a combination of office and lab space. Professionals in this field greatly need their facilities, since operating remotely isn’t an option for those whose work cannot be replicated outside of a lab setting, and the delivery of healthcare services remains largely onsite. Lab spaces have the potential to change over time, so it’s important these spaces are flexible and can adapt to advancements and evolution in science. Taking advantage of urban space may bring various medical centers and science facilities together, making it easier to collaborate on research and provide better access to larger parts of a population. Read more on https://bit.ly/3llNDz6

New Client: Lasalle Investment Management - Phoenix Financial Services

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $68 billion of assets in private and public real estate property and debt investments as of Q3 2019. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit http://www.lasalle.com, and https://www.linkedin.com/company/lasalle-investment-management/.

Read More: Lasalle Investment Management

Contact Details:

sales@phxa.com

415-485-4500

2401 Kerner Blvd, San Rafael, CA 94901, United States

Phoenix Financial Services

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1031 Exchange Series: The Retail Apocalypse

An increase in globalization, e-commerce, and health considerations have shifted consumer behaviors. Shopping online offers a wider selection of goods and a convenient experience. Less overhead allows online retailers to offer products at reduced prices. Many malls that struggled to operate eventually became revitalized and turned into fulfillment centers by Amazon, the entity that brought about their decline. These locations make good candidates for mixed-use developments consisting of gyms, hotels, creative and collaborative office spaces, education facilities, medical suites, and entertainment venues. Developers want to create synergistic, mixed-use spaces that bring malls back to the center of the community, with a focus on walkability, open-air spaces, and a mix of retail and entertainment spaces that lead to higher foot traffic. Read more on https://bit.ly/3ugMTOT

New Report: Venture Capital & COVID-19 Trend Outlook

We have published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on the venture capital industry. Venture Capital & COVID-19: The State of Fundraising, Historical Downturn Insights & Startup Trends analyzes the effects on venture capital of the first four months of the pandemic crisis and the outlook for the rest of 2020 and beyond. The paper draws on Phoenix American’s observations as a fund administration provider, conversations with the sponsors of its many client funds as well as interactions with partners, intermediaries and other participants in the industry. The company’s twenty-plus years as a fund sponsor as well as forty-plus years as a provider of fund administration services provides a unique perspective on current events. Read more on https://bit.ly/30x1g2M

Fund Accounting 101: Capital Activities

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 at the outset of working with your fund accounting provider. Setting up a coherent process that reflects the way you do business avoids errors, misunderstandings and audit inquiries that can cost unnecessary time and money. It will also streamline and automate many essential functions that would otherwise cost time and money on an ongoing basis. Read more on https://bit.ly/3mDIZxo

Fund Administration Services For Alternative Investment Funds

Decades of specialized experience with alternative investment funds combined with industry-leading technology and white glove customer service. We provide fund administration for funds of any scale or structure, AUM or investor count. Phoenix American achieves an unparalleled level of back-office efficiency. Read more on https://bit.ly/3eyeLao

1031 Exchange Series: Preserving History While Building For The Future

Adaptive reuse refers to the identification, acquisition, and renovation of existing structures and reestablishing them as assets to their communities. There’s a direct correlation between the number of abandoned buildings and crime rates, and abandoned buildings have a negative effect on the value of nearby properties. Demolition of older buildings won’t make communities more inviting or affordable. Plus, developers find a lot of potential in the location, environment, and aesthetic of these distressed properties. Although repositioning may seem pricey, developing from the ground up is often more expensive than repurposing an underused, abandoned, or obsolete property. Read more on https://bit.ly/3swDkKs

New Client: Valeo Groupe Americas

Phoenix American Financial Services, Inc. (“Phoenix”) is pleased to announce its new client partnership with investment management firm Valeo Groupe Americas, LLC (“Valeo”). Phoenix will support Valeo with its industry leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system as well as integrated fund accounting services. Valeo Groupe 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 investment funds. Read more on https://bit.ly/3yXfOJ6

Proprietary Technology - Phoenix American Financial Services

STAR-XMS (Syndication Tracking and Reporting with Expanded Marketing and Sales Capabilities) is our proprietary investor recordkeeping system for outsourced fund administration services. The system is also available under license to self-administered funds to reduce their costs and maximize back-office efficiency. Read more on https://bit.ly/3kAdAeu

10 Ways Third-Party Fund Administration Saves Your Money

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. But here are 10 ways that third-party back office outsourcing simply benefits the bottom line. The costs and complications of maintaining an in-house staff for fund operations only magnifies as your fund succeeds and grows. Sick time, vacations, employee benefits, training, etc. are an unnecessary headache and considerable expense to a successful and expanding office. Hiring and firing, overstaffing and understaffing, training and retraining are ongoing challenges. Read more on https://bit.ly/2F5RGwR

John McInerney Named Airline Economics Magazine’s 2020 Future Leader Of The Year

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. Annually, Airline Economics recognizes emerging talent in the aviation industry with its 40 Under 40 list of outstanding professionals, nominated by their peers, who are under forty years of age. The candidate who receives the most nominations tops the 40 Under 40 list and is awarded the coveted Future Leader Award. A chartered accountant, Mr. McInerney was promoted to managing director of PAFS Ireland in October of 2018, having served Phoenix American in various roles since 2008. Read more on https://bit.ly/3scAdaB

Adversely Changing Or Even Eliminating 1031 Exchanges Would… - Phoenix American

When an administration is looking to invest in affordable housing, reconfigure office spaces, and repurpose shopping centers, constraining capital seems counterintuitive following a pandemic.

Read More: 1031 Exchange Series: Biden’s American Families Plan And 1031

Contact Details:

sales@phxa.com

415-485-4500

2401 Kerner Blvd, San Rafael, CA 94901, United States

Fund Accounting Service

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