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ES Financial has contracted to provide its 20th Opportunity Zone Fund client with its purpose-built Opportunity Zone Fund Administration Suite, which is designed to provide security, transparency and compliance to fund managers and investors. NES Financial’s innovative, technology-
enabled administration expertise, which has established best practices in private equity, EB-5 investor visas and tax-
deferred 1031 property exchanges, is poised to do the same for Opportunity Zone Funds.

“Pending further regulations, the OZ [Opportunity Zone] program is currently operating with a minimum in initial oversight,” said Reid Thomas, executive vice president at NES Financial. “On the one hand, this is a good thing—there’s very little red tape to deter fund formation and investment. However, this same flexibility also leaves the industry vulnerable to impropriety, intentional or otherwise. Our OZ Fund Administration Suite brings established best practices from other, more mature financial industries into the Opportunity Zone space, maximizing fund security, transparency and compliance and providing peace of mind to investors.”