SAN JOSE, Calif., March 8, 2017 /PRNewswire/ -- NES Financial, a Silicon Valley Fintech company providing technology-enabled solutions for efficient back and middle office administration of complex financial transactions, announces the appointment of Jeffrey Deitrich, Chief Operating Officer and Principal at Terra Bridge Innovations in Technology, as the first member of its newly formed Private Equity Advisory Board.
The company's innovative Private Equity Fund Administration Solution provides a fully integrated, scalable, and cost-effective technology platform for third-party fund administration. Aimed at helping private equity firms raise capital faster, the solution reduces operational risk by improving compliance and data security, creating greater transparency and service to limited partners, and using data analytics to generate valuable business intelligence for general partners and managers.
The newly formed Private Equity Advisory Board will leverage its knowledge, insights, and relationships to further enhance the company's technology-enabled solutions and growing footprint in the private equity market. "We're thrilled to have Jeffrey on our PE Advisory Board. From raising capital to reducing risk, he knows the added capabilities of our fund administration solution from first-hand experience, and how it meets the needs of fund managers and investors in an evolving market," says Michael Halloran, CEO of NES Financial.
A seasoned executive in real estate technology, design, construction, and development, Mr. Deitrich has managed and started new businesses and projects across the globe, in addition to managing a $2 billion private equity fund at Prudential Investment. Moreover, as Vice President of Silverstein Properties, Inc., Mr. Deitrich led capital development for the World Trade Center properties and implemented NES Financial Private Equity Solution for a number of the firm's funds.
As Mr. Deitrich explains, "NES Financial is bringing an unprecedented level of technological innovation and financial expertise to the private equity fund administration environment. The company's fund administration solution delivers significant value to general partners and their limited partners."
Mr. Deitrich's advisory role begins immediately.
About NES Financial
NES Financial is a Silicon Valley financial technology (Fintech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 transactions annually, and has worked with over 550 EB-5 projects. For more information, visit www.nesfinancial.com.
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SOURCE NES Financial