Great Oak Funding picks Phoenix American for fund administration
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Great Oak Funding picks Phoenix American for fund administration 05 October 2023US Reporter: Jenna Lomax
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Real estate debt firm Great Oak Funding has chosen Phoenix American to provide fund administration services for its VII fund.
Great Oak Funding Finance VII is a new US$100 million commercial real estate debt offering to be sold through broker-dealers and registered investment advisors.
Phoenix American says the fund will benefit from its back-office infrastructure which focuses on client and investor service, specific to private equity commercial real estate investment funds.
Phoenix American will also offer its STAR-XMS transfer agent system, fund accounting capabilities and its investor relations service suite.
Based in Dayton, Ohio, Great Oak Funding is a private equity real estate firm that, through its family of funds, provides short-term financing to mature businesses.
Jason Downey, CEO of Great Oak Funding, says: “After spending time reviewing Phoenix American’s platform and speaking with their team, we knew their solution was the right fit for us. We are happy to be partnered with Phoenix and look forward to many successful years together.”
Andrew Constantin, chief operating officer at Phoenix American, comments: “Great Oak Funding understands that real estate debt funds require specialised back-office support. We look forward to working together.”
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