Managing Portfolio Companies During an Economic Downturn
Ranesh Ramanathan, Co-Head of Akin’s Private Credit and Special Situations Group and Sergio Urias, Private Equity Partner, discuss how important it is for investment firms to have a handle on their portfolio companies during challenging times to ensure their continued success. They share how effective management of a portfolio during an economic downturn requires advance […]
Preqin 2023 Women in Alternatives Report
Progress on gender diversity in alternative assets continues to be incremental. According to Preqin’s recently released Women in Alternatives report, the proportion of women working in the alternatives industry improved marginally to 21.3% from 20.9% the previous year. But greater discrepancy exists at the senior level, as women account for just 13.6% of the senior workforce. The report highlights which asset classes and regions are showing the most improvement in terms of representation, how gender disparity appears in the workplace, and which organizations are using data and policy changes to improve diversity.
SBA Accepting Applications for Small Business Lending Company License
The U.S. Small Business Administration (SBA) is accepting Small Business Lending Company (SBLC) licenses for the first time in over 40 years. New applicants may apply from June 1- July 31, 2023. SBA approves Small Business Lending Company Licenses for selected non-depository lenders to increase responsible small business lending. An SBLC license allows the lending organization to utilize government guarantees when underwriting small business loans to reduce the level of risk to the lender and cost to the borrower.
Participate in Citrin Cooperman’s Emerging Managers Survey
Citrin Cooperman’s Financial Services Industry Practice is seeking participants for its inaugural Emerging Managers Survey for U.S.-based private equity and venture capital fund managers. The survey and resulting report will uncover, analyze, and benchmark detailed information about emerging private equity and venture capital managers, including information on fundraising, deal economics, ESG, cybersecurity and share outlooks for the future of the industry.
TPG, TRS, and CalPERS Fireside Chat: Accelerating Diversity for Impact and Returns
Jon Winkelried, CEO of TPG, Nicole Musicco, Chief Investment Officer of CalPERS, and Jarvis Hollingsworth, Chair of the Board of Trustees of Teacher Retirement System of Texas participated in an engaging discussion that explored how they built successful diverse and emerging manager programs. These three industry leaders related the successes, challenges, benefits, and lessons learned in establishing their industry-leading emerging manager programs.