Phoenix American has established a new fund administration relationship with alternative investment management firm RealSource Properties, Inc. Phoenix American will support the RealSource Multifamily REIT with its investor services platform featuring the STAR-XMS shareholder management/transfer agent system.
The mandate comes after Phoenix American recently announced a strategic partnership with American Elm Distribution Partners, a managing broker/dealer offering retail distribution and compliance services to alternative funds. The partnership will offer a turnkey solution for alternative investment managers looking to enter the retail investor marketplace, expanding and integrating the traditional roles of broker/dealers and fund administrators. This end-to-end service will encompass compliance, regulatory filing, offering and sponsor due diligence, fund accounting, investor relations and fund administration.