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 Pepper analyzed the benefits and burdens of two of those measures. The speakers also explored potential issues managers might face when attempting to raise funds during the crisis. The program discussed the Paycheck Protection Program administered by the Small Business Administration and the Federal Reserve’s Term Asset-Backed Securities Loan Facility, as well as potential compliance issues for advisers. The program featured Troutman Pepper partners Genna N. Garver and Gregory J. Nowak. This article discusses the key takeaways from the program. For further recent insights from Troutman Pepper, see “The Dos and Don’ts of Investor Calls That Investment Managers Must Consider” (Jun. 16, 2020).

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