Chicago & Midwest + Midwest + Opportunity Zones | January 30, 2019

NES Contracts to Administer St. Louis-based QOZ Fund

NES Financial has contracted to provide its purpose-built fund administration suite for Gateway Opportunity Funds’ first fund. The St. Louis-based Qualified Opportunity Fund is making its first investment in the shovel-ready Lighthouse Landing (pictured).

“If properly implemented, the Opportunity Zones legislation has the potential to be the most transformative economic impact program in U.S. history,” said Reid Thomas, EVP at San Jose-based NES Financial. “Our purpose-built OZ solution was designed to help ensure that the program succeeds in doing the good it was intended to do.”

The NES Financial Opportunity Zone Fund Administration Suite is intended to efficiently and securely handle administration of growing funds, at scale, so that fund managers can focus on raising capital.

Gateway’s management plans to run an investor-focused and streamlined operation, while also achieving significant job creation and community improvement through the Qualified Opportunity Zone program. The fund is now open and accepting investment.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).