SAN JOSE, Calif., Aug. 5, 2020 /PRNewswire-PRWeb/ -- NES Financial, a JTC Company (LON: JTC), announced today that it has been contracted to provide its purpose-built Private Equity Fund Administration Solution to Bridgeway Municipal Reinvestment Fund — a boutique financial services firm that focuses on providing solutions to unique investment management situations.
As wait times for Chinese-born EB-5 investors surpass the average length of EB-5 development projects, the need for New Commercial Enterprises (NCEs) to "redeploy" EB-5 investment capital into secondary projects (to maintain the required "at risk" status of the funds) has become a challenging industry reality, and one that can dramatically increase investor risk.
The Bridgeway Municipal Reinvestment Fund seeks to provide a lower risk and more liquid redeployment investment option for EB-5 investors compared to traditional EB-5 investment options. The Fund will invest in fixed income instruments that are consistent with USCIS redeployment guidance. While municipal bonds are the primary asset for the strategy, selective investments in other fixed income securities, that are also consistent with USCIS guidelines, may also be offered to potentially increase yield and total return.
Bridgeway has engaged Capital United, an SEC registered investment advisor, to facilitate transactions between Bridgeway and NCEs seeking to redeploy EB-5 investment capital. According to Bridgeway, Capital United is a terrific fit because they understand the unique needs for this marketplace as a result of their experiences with most of the regional centers in the market.
"One of the important obligations that EB-5 investors have to meet is that the funds must be maintained 'at-risk' through the completion of the conditional residency period. When the original projects finish before the end of the conditional residency period, the NCE's are forced to roll those funds into another venture because they are prohibited from returning the capital to their investors. The investors deserve to have their capital redeployed in a responsible way that compliments their values and investment time horizon," said Jason Orlosky, Chief Strategist at Bridgeway.
On July 24, 2020 USCIS issued a long awaited Policy Manual update clarifying the guidelines for further deployment of investment capital. "We expect the way our fund has been structured will allow NCE's the flexibility to comply with the requirement that funds be further deployed within in the geographic region approved for the regional center associated with the original investment," added Orlosky.
"NES Financial is a trusted partner within the EB-5 industry," added Gib Dunham, Chief Investment Officer, at Bridgeway. "Transparency is key for not only us, but our investors, and NES Financial's online portal provides us and our investors 24/7 access to account data, immigration status and project updates."
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.
"An estimated $12 billion in EB-5 capital will require redeployment over the next four years, according to our data," said Reid Thomas, Chief Revenue Officer and Managing Director of NES Financial, a JTC Company. "Powered by NES Financial's award-winning EB-5 administration solutions, our team and investor portal will deliver the highest level of security, transparency and compliance to all stakeholders throughout the redeployment investment life cycle."
For additional information about the Private Equity Fund Administration Solution Suite, please visit the NES Financial website or contact an 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 Bridgeway Wealth Partners
Bridgeway Wealth Partners is a boutique financial services firm headquartered in New York City and specializes in asset and wealth management strategies for its clients. The firm's professionals have backgrounds in public markets, private equity, real estate, alternative funds and asset management. Bridgeway leverages the expertise of its employees and leading technologies to provide solutions to unique investment management situations.
About Capital United
Capital United is the SEC-Registered Investment Advisor exclusively working with Bridgeway Wealth Managers Reinvestment Fund, and a real estate financial services firm whose principals have navigated various market cycles and possess a proven track record in the EB-5 industry, having raised more than $370M over the past 5-years, and have delivered over $4 billion in career commercial real estate dispositions and real estate developments. Capital United has extensive relationships within the EB-5 industry, including personal relationships with many Chinese immigration agencies that are constantly nurtured through extensive international travel and a fulltime network relations team member in Beijing.
SOURCE NES Financial
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