With Phoenix 5.23.00 we added support for V-Ray 7.
NEW PHOENIX Support for V-Ray 7
IMPROVED INSTALLATION Phoenix is now being installed into C:\Program Files\Chaos\Phoenix FD instead of C:\Program Files\Chaos Group\Phoenix FD
FIXED SIMULATION GENERAL Crash during simulation second run when using Max native forces with Tuners
FIXED MESHER Empty Velocity render element for liquid meshes without active camera motion blur