Webinar

Ready, Set, Scramble: How COVID-19 Is Impacting Regulatory and Institutional Due Diligence

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20-05_WEBINAR_Ready-Set-Scramble Catch Recording

Recently, a panel of experts joined Michael Neuman, Backstop’s VP of Information Security, for a roundtable discussion on how COVID-19 is impacting business.

This group (some even sporting COVID-chic facial hair) represented investment consultants, third-party marketers, and compliance advisors of industry-leading companies.

And while it’s easy to get caught up in the panic and fear that we are all experiencing at this moment in time, the silver lining is that both allocators and managers are adjusting and business is moving forward.

In case you weren’t able to join the discussion, let’s take a look at 3 key lessons the panel shared with us.

  • The role of video conferencing – While every industry has canceled or postponed a staggering amount of tradeshows and events, virtual communication continues to be a great way for investors and managers to stay in touch. It’s also a great way to give teams that necessary human interaction as we all pivot to this “new normal.” 
  • For managers regulated by the SEC, it’s always best to hit regulatory filing deadlines – While the SEC may be offering some exemptive relief when it comes to filings, taking advantage of that relief may increase a manager’s chances of being examined. Unless there are extraordinary circumstances that already would make it difficult for managers to do so, filing on time is the best approach. 
  • Capital is still being raised in this unpredictable market – Allocators will re-allocate their money to people who were prepared for this uncertain environment. The key is adjusting. Managers who can evolve their operations, marketing, and capital-raising practices to the “new normal” will succeed and continue to attract assets. 

Special thanks to our panelists Mitchee Chung, Joshua Mika, and Douglas Rothschild for a truly insightful discussion.

Interested in hearing the whole conversation (including advice for managers to continue to raise capital in this pandemic environment)?

Download the webinar recording below.