When it began a year ago, the pandemic completely altered the PE industry’s perception of the strength of businesses and industries. Special situations, distressed debt and communications software became hot sectors, while others (e.g., consumer, restaurants, etc.) languished. As PE investment professionals rushed to take advantage of unforeseen opportunities outside their funds’ investment mandates, GCs and CCOs were asked to pave the way for those new investments. Whether by modifying existing funds’ investment strategies or rapidly launching new funds, legal counsel and compliance officers were forced to react nimbly, navigate unforeseen issues and advise investment committees on how best to proceed. That experience provided valuable lessons for when GCs and CCOs confront the next major market disruption, while also revealing certain prophylactic measures that can be taken to allow adaptability in the future. Those lessons were discussed in a webinar on March 3, 2021, co‑hosted by the Private Equity Law Report (PELR) and LexisNexis. The program was moderated by Rorie A. Norton, Editor of the PELR, and will feature Skadden partner John M. Caccia and Morgan Lewis partner Christopher J. Dlutowski.