Navigating PPP, TALF and Fundraising During the Coronavirus Crisis

U.S. agencies are taking extraordinary measures to contain the damage caused by the ongoing coronavirus pandemic. A recent program presented by Troutman Sanders and Pepper Hamilton analyzed the benefits and burdens of two of those measures. The speakers also explored potential issues that managers might face when attempting to raise funds during the crisis. The program discussed the Small Business Administration’s Paycheck Protection Program and the Federal Reserve’s Term Asset-Backed Securities Loan Facility, as well as potential compliance issues for advisers. The program featured Troutman Sanders partner Genna N. Garver and Pepper Hamilton partner Gregory J. Nowak. This article discusses the key takeaways from the program. For further recent joint insights from Troutman Sanders and Pepper Hamilton, see “The Dos and Don’ts of Investor Calls That Investment Managers Must Consider” (May 7, 2020).

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