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NES Financial | JTC to Administer Private Equity Fund for Participant Capital Legacy Fund, LP

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SAN JOSE, Calif., Jan. 26, 2021 /PRNewswire-PRWeb/ — Specialty financial administrator NES Financial | JTC announced today that it has contracted to provide its purpose-built Private Equity Fund Administration Solution to Participant Capital's Legacy Fund, LP. Participant Capital is the private equity arm of Royal Palm Companies, a leading Florida-based real estate and development firm established in the 1970s whose portfolio has generated over 6,000 units across mixed-use developments, multi-family, residences, and hospitality assets, totaling over $3.5 billion in managed and completed projects.

Participant Capital Legacy Fund, LP, invests in Legacy Hotel + Residences™, which is a mixed-use tower development in the heart of South Florida's Miami Worldcenter. The project differentiates itself by its flagship features, such as ergonomic room designs, an international business lounge, a 7-story rooftop atrium, a state-of-the-art wellness center, and a medical center.

“The Legacy Hotel and Residences is our new addition to the massive Miami Worldcenter project, adding hospitality, micro residences and a health and wellness center in the heart of downtown Miami,” said Daniel Kodsi, CEO of Participant Capital. “NES Financial | JTC is a recognized industry leader and has been doing fund administration on the EB-5 side of the project. They have the experience and solution to manage our fund's size and needs.”

NES Financial | JTC also stood out, says Kodsi, for its ability to direct PE commission payments to the managing broker dealer on the same day of closing. “It's small efficiencies like this,” he said, “that free up our bandwidth and allow us to focus on raising capital.”

NES Financial | JTC's Private Equity Fund Administration Solution utilizes a uniquely scalable technology platform that features built-in data security, automated reporting, and enhanced transparency. Designed to help funds of any size successfully raise and manage capital by reducing operational risk, improving compliance capabilities, and providing superior value to fund investors, the solution is the ideal choice for funds seeking to improve marketability by leveraging operational excellence.

“Our technology-focused approach to private equity resonates with our clients, who see value in being able to simultaneously manage multiple databases and feeds, calculate valuations, make data-driven decisions, and employ augmented and artificial intelligence applications, but who would rather not develop those technical competencies in house,” said Reid Thomas, Chief Revenue Officer for NES Financial | JTC.

For additional information about the Private Equity Fund Administration Solution Suite, please visit the NES Financial | JTC website or contact an NES Financial | JTC representative at 1-800-339-1031.

About NES Financial | JTC
NES Financial | JTC is the US division of JTC Group, a multi-jurisdictional provider of fund, corporate and private client services. Listed on the London Stock Exchange and included in the FTSE 250 Index, the company administers more than $130 billion in assets and employs more than 900 people in 23 offices worldwide. NES Financial | JTC is a leader in specialty financial administration, serving markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements. The company's technology-driven solutions streamline best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and offering security, transparency and regulatory compliance during each step of an investment's life cycle.

For more information, visit nesfinancial.com.

About Participant Capital

Founded in 2011, Participant Capital Advisors, LLC, is a Florida-registered investment advisor that was formed to disrupt traditional investor diversification choices by providing direct access to premium real estate projects from the ground up, right alongside the developer—traditionally an opportunity only available to large private equity, institutional funds, and ultra-high-net-worth individuals.

Participant Capital Advisors, LLC, offers a diversified portfolio and manages funds on multiple platforms. This investment strategy allows for flexibility to adapt as demand shifts and helps safeguard exposure across different market cycles and conditions, providing higher risk-adjusted returns for investors.

With its proven operating capabilities and visionary management, Participant Capital Advisors, LLC, offers real estate investment vehicles with broader opportunities. An investor should consider his or her investment objectives, risks, charges and expenses carefully before investing. Please refer to Participant Capital Advisors, LLC's ADV Part 2 for additional information and risks at https://adviserinfo.sec.gov/firm/summary/304859.

For more information, please visit participantcapital.com.

Media Contact

Laura Kelly, NES Financial | JTC, 408-367-0826, [email protected]

Lemery Reyes, NES Financial | JTC, 408-367-0827, [email protected]

 

SOURCE NES Financial | JTC

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Appier Shares AI Predictions and Trends to Watch in 2021

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TAIPEI, TAIWAN Media OutReach23 February 2021 – Appier, a leading artificial intelligence (AI) company, today shares AI Predictions and Trends to Watch in 2021. Artificial intelligence (AI) and machine learning (ML) have moved from the backrooms of computer science into the mainstream. Their impact is being felt in everything from how we shop through to finance markets and medical research, as well as the agriculture and manufacture industries.

Larger models have been trained in separated modality. For instance, GPT-3 is the first 100-billion-parameter model for natural language processing (NLP). Recently, a-trillion-parameter model (T5-XXL) has also been trained. They can be used to write articles, analyze text, perform translations and even create poetry.

In parallel, we’ve seen models used for image recognition and generation greatly improved as they have also been trained with more data sets. What we are seeing emerge is the power that can come from combining two or more AI models without changing these large models. In this way, combining these large models becomes affordable. That will allow us to use AI to interpret text and generate a completely new image. The following are the current observations and predictions of AI applications in five major fields.

The E-Commerce Boom Is AI-Driven

Over the last year, online commerce has grown significantly and is expected to continue to increase. COVID-19 restrictions have resulted in people spending much more time online — not just shopping but in online meetings, playing games, accessing social media and using apps. The growing digital journeys undertaken by people have generated more data that can be used to understand human behavior. However, more data also brings a greater complexity. Today, there’s no single, most effective channel for reaching customers. Reaching the right customer on the right channel at the right time is complicated for humans, but that complexity can be overcome through the use of AI.

AI gives marketers a way to influence customer’s behavior at a pace and scale previously thought impossible. AI not only finds the right customers, but also accesses the often-forgotten long tail of customers. It can also effectively generate creatives and develop customized content for different customers, and test the performance for different creatives to increase user engagement.

Data-Driven Finance Relies on AI

Furthermore, the main application of AI in finance has been in high-frequency trading where transactions are conducted between machines faster than people can communicate. This will continue in both traditional finance and in the world of cryptocurrencies, where we see different AIs engage in ‘warfare’. Investors have been using AI to make long-term predictions — which has required systems that can understand investors’ long-term targets. These were typically centered around measures such as revenues, incomes and profits.

While high-frequency trading strategies are important, there is another factor to show that cryptocurrencies are far more challenging to predict. Much of what we see in cryptocurrency markets is driven by ‘human madness’. While AI models struggle with this today, we can expect the AI models of the future to evolve and do a better job of predicting this behavior through closely monitoring trends in media and social networks.

AI in Healthcare and Biomedical Research

The prototype of messenger RNA (mRNA) COVID-19 vaccines was developed in days thanks to the digitization tools of genetic code sequencing and the transcription tools of making mRNA from genetic code sequence. With the help of AI to predict new mutations in the Sars-Cov-2 virus, the process of developing mRNA vaccines will be even faster. AI can also be used as a diagnostic tool to read x-rays, based on the sound of someone coughing and indicate whether the patient is likely to be suffering from COVID-19 or some other illness.

In the biomedical domain, sequences of codes, such as DNA or amino acid, are commonly used. Since sequences of codes can be treated as a type of language with hidden structure, the architecture used in NLP models can be potentially used to understand and generate sequences of codes in the biomedical domain as well. One impressive example in early 2021 is that biomedical researchers used language model architecture to predict virus mutations and to understand protein folding — a key challenge in the creation of some of the vaccines now available. This finding is actually adapting the architecture of one model to solve problems in the biomedical domain.

Machine learning and AI don’t replace clinicians and researchers; they allow these professionals to work faster and rapidly test hypotheses. Instead of waiting for cell cultures to grow in the physical world, they can use these models to understand what will happen much faster in the digital simulation. As more and more people wear devices that can monitor heart rate, body temperature, blood pressure and other critical factors, the data can be used to give doctors greater insight into a patient’s condition. It also aids accuracy when making diagnoses as doctors and other clinicians are no longer reliant on patient recollections.

The Future of Education

Curricula and textbooks have typically been developed to serve large populations of ‘average’ students. These materials include content designed for a wide gamut of different abilities. However, experts, such as Sir Ken Robinson, point out that the ‘conveyor belt’ model of education doesn’t take into account the individual abilities and needs of students. Therefore, we have seen AI being used to revolutionize the way curricula is created and delivered. It can be used to provide more personalized curricula or personal problem sets for students. Instead of every student working through the same set of problems or questions, they receive a set that are customized to their specific level.

For example, a student may be very strong with fractions in mathematics, but have a problem with trigonometry. Instead of putting the student through the standard curriculum, he or she would spend less time on fractions and more time on trigonometry. As a student proceeds through a course, AI will monitor his progress and self-modify to meet the specific needs of that student.

With so much content now available online, cheating and plagiarism has become a huge issue. While detecting plagiarism is quite easy — there is already AI that can detect direct copying and similar text where just a few words or the tense are altered — there are other challenges. For example, a student may take content from one language and translate it to another. This is harder to detect, but AI is being developed to solve this problem. Similarly, image interpretation AI is being developed to find instances where arts students copy or imitate a design.

Smart Farming and Factories

Factories and farms are using data in innovative ways too. However, they differ from many other AI applications as they don’t focus on end-users. Instead, they focus on products, produce and machines. This requires an investment in sensors, robots and automation, and the optimization of operations.

The biggest development we are seeing in this area is in the generalization of findings between different areas. For example, if AI is being used to increase yields in an apple crop, can those AI models be reapplied for the growing of other fruits such as bananas or peaches? Similarly, if a factory is manufacturing LCD panels and has found ways to increase their yield rates, can those tools and lessons be applied to other manufacturing processes and factories?

Perhaps the biggest prediction we can make about AI in 2021 and beyond can be summarized in one word: leverage. Using existing AI model architecture, combining well developed models and finding ways to generalize existing models to other applications will continuously increase the impact of AI along with accelerated digital transformation across many domains. For more artificial intelligence and machine learning blog information, please refer to the Appier blog.

About Appier

Appier helps businesses solve their most challenging problems with artificial intelligence. It is a partner to some of the world’s leading brands, providing a suite of enterprise-grade products to support data-driven decisions and accelerate business growth. Established in 2012 by a passionate team of computer scientists and engineers, Appier now has more than 450 employees across 15 offices in APAC and Europe, and is recognized as a Top 50 AI company by Fortune Magazine. Appier has raised US$162 million in funding from investors including Sequoia, Softbank, and Line. Learn more at www.appier.com.

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Black Spade Capital Aims to Build an SPAC-themed Portfolio

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HONG KONG SAR – Media OutReach – 22 February 2021 – 2020 proved to be a great year for Special Purpose Acquisition Companies (SPACs). The market saw more high-profile investors joining the party while a record number of companies went public through this unique structure. With a whopping US$80 billion raised by over 230 blank-cheque companies, SPAC IPOs not only represented approximately 50% of total IPO issuance in the US in 2020, the massive amount raised by SPACs even eclipsed traditional IPOs last year.

Mr. Dennis Tam, President and CEO

SPAC Trend Continues To Heat Up

While SPACs continue to be favoured by institutional and private investors alike in the US, they are also gaining momentum in Asia. Savvy investors in the East are catching up fast with the trend and among them is Black Spade Capital Limited, the family office of casino magnate Lawrence Ho Yau Lung.

“We aim to be one of the first Asian family offices to build an SPAC-themed portfolio,” said Mr. Dennis Tam, President and CEO of Black Spade Capital. He added that “of course, we have to be selective — only high-quality SPACs with great potential are considered”.

One catalyst, Two Criteria

Mr. Tam considers the current close-to-zero or, in some cases, negative interest rate environment as one of the catalysts that contribute to the success of SPAC IPOs. “Loose monetary policy means lower cost of funds and greater incentive for investors to look for new investments. SPACs enjoy a great start this year with over US$45 billion raised by more than 140 new SPACs to-date — the fact that both the number and size of SPAC deals in the first two months of 2021 represent some 56% of the full-year performance in 2020 reflects just how buoyant the SPAC market is. The whole SPAC trend has to do to a certain extent with the abundance of capital in the market seeking return. When the interest rate picks up, the trend may slow down” said Mr. Tam.

Mr. Tam commented that the family office places importance on the sponsors in terms of selection criteria. “There are two main criteria — sponsors’ reputation and their track record. Sponsors are the face of an SPAC. They set out the road map of the investment vehicle. Their track record gives us a glimpse of what the sponsors are capable of. I always find one-on-one investor meeting a good way to learn about the vision and strategy that the sponsors have for their SPACs. A reputable sponsor boosts investor confidence. Some people point out that sponsors typically receive 20% of the equity in the SPAC; in my opinion, this mechanism helps align sponsors’ interest with that of investors which is actually positive — as long as the sponsors deliver, they deserve a matching reward. After all, if the sponsors successfully acquire or merge with a promising target (i.e. de-SPAC), everybody wins” explained Mr. Tam.

The relatively straightforward structure of SPACs also begins to appeal to many family offices. “As the name suggests, an SPAC has the sole purpose of merging with a private company and taking it public. The tenor is usually capped at two years and the sector from which the SPAC identifies its acquisition target is announced before the SPAC is listed. The fund raised by an SPAC usually serves as a good indication of the size of the future target, which is typically 3x to 4x the size of the SPAC. This is the kind of clarity that investors appreciate,” explained Mr. Tam. “Also, SPAC issuers offer to redeem the shares from investors at a call price equivalent to the IPO price if they do not like the acquisition target. This capital protection mechanism affords greater assurance to investors” added Mr. Tam.

Mr. Tam believes that investor education will encourage more Asian family offices as well as other investors in the region to participate in this SPAC trend. “We had several rounds of in-depth discussions with various investment banks and private banks before making our first SPAC investment last year,” recalled Mr. Tam. “In the process, our bankers get to understand our investment appetite and selection criteria and are able to introduce different SPAC opportunities to us” said Mr. Tam.

In terms of Black Spade Capital’s target return with regard to SPACs, “We have seen some truly impressive performance of certain star SPACs, such as QuantumScape and Draft Kings, which have realized a return of close to 10x and 4x, respectively, in 2020. Naturally, we look for above average return and we believe the key to achieve this is to invest in quality SPACs at the time of IPO” said Mr. Tam.

About Black Spade Capital Limited (黑桃資本有限公司)

Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments.


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Kerry Logistics Network Extends Winning Streak at the Quamnet Outstanding Enterprise Awards for Sixth Year Running

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HONG KONG SAR – Media OutReach – 22 February 2021 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is honoured to be named the Outstanding Global 3PL for the fourth time running at the Quamnet Outstanding Enterprise Awards (‘QOEA’) 2020. This was the sixth consecutive year that Kerry Logistics Network has been a winner of QOEA, which were announced in Hong Kong today.

Organised annually by leading Hong Kong financial news platform Quamnet, the QOEA aim to appraise and recognise the distinguished enterprises in Hong Kong and its spirit. Themed “Sagacity Built to Business Perfection” this year, the QOEA 2020 commended enterprises’ outstanding sagacity in times of challenge and change. Winning companies were nominated and selected by the judging committee made up of the Quamnet editorial team, the Quam Research team and independent financial analysts.

William Ma, Group Managing Director of Kerry Logistics Network, said, “2020 was a trying year filled with unprecedented challenges, which we strived to navigate and adapted to with ingenuity and flexibility. Therefore, we are particularly delighted to be awarded the Outstanding Global 3PL title again for the recognition of our efforts during the year. Logistics will continue to serve a crucial function globally in the times ahead. We will remain dedicated to excellence and innovation as we work hard to ensure smoothly-run supply chains.”

Kerry Logistics Network has been offering innovative solutions and expanding its geographic coverage to strengthen its service capability and diversify its business portfolio. It has launched new multimodal transport products to Mongolia, through its member Globalink Logistics, to provide alternative solutions to customers, as well as announced recently its development of a bonded logistics centre in the Hainan Free Trade Port in China to tap into the growing duty-free and inbound e-commerce market.

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), industrial project logistics, to cross-border e-commerce, last-mile fulfilment and infrastructure investment.

With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$40 billion in 2019 and is the largest international logistics company listed on the Hong Kong Stock Exchange.

About Quamnet Outstanding Enterprise Awards

Instituted in 2009, QOEA is organised by Quamnet, a leading financial website in Hong Kong, to identify and praise the excellent performance of Hong Kong enterprises. It has developed into an annual event with wide recognition and support from independent investors, media and industries.

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