Attendees will learn how the SEC's exam approach to valuation, cybersecurity and fee disclosures has evolved following four years of experience in the industry. Attendees will also be given the opportunity to ask the SEC about recent enforcement cases that have raised concerns about broken deal expenses, accelerated monitoring fees and broker-dealer registration.
Joining the roundtable will be SEC private funds exam specialist and former TPG deputy CCO Maryellen Maurer.
The conversation will be co-moderated by Nicholas Donato of Navatar, the Connected Growth Platform for alternative assets, and April Evans, who is co-chair of ACG's Private Equity Regulatory Task Force (PERT) as well as CFO and CCO of Monitor Clipper Partners.
The webinar comes at a time when the commission is signaling an uptick in enforcement action. In May, SEC director of enforcement Andrew Ceresney said during a keynote address that the agency would continue to "aggressively" monitor private equity firms for breaches of fiduciary duty.
In late 2014, the commission completed a two-year "presence exam initiative" of the private equity sector. "It's possible that cases, which take years to build, may continue trickling out of that initiative," said Nicholas Donato.
To provide registrants a sense of the initiative's findings, the SEC has delivered a series of speeches and webinars addressing their concerns in the industry. Managers have used these events to refine their compliance policies and procedures, but each enforcement case is firm and fact pattern specific.
"This is why ACG PERT is actively working with the SEC to develop best practices to enable a more comprehensive compliance strategy," says PERT Co-Chair April Evans.
The upcoming webinar also seeks to address what it means to create a "culture of compliance" and more.
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Navatar (@navatargroup) is an industry-specific cloud software built for private equity, M&A, hedge funds, real estate funds, venture capital, corporate development, wealth management, private placement and other financial services companies. As a connected growth platform, Navatar centralizes disparate workflows - including investor relations, deal management, virtual data rooms, company intelligence – into one integrated cloud product.
Hundreds of financial services firms in 35 countries depend on Navatar to lead, not lag the changing markets and the competition. Navatar clients include PNC, JLL, Cowen Group and Evercore.
For more information about Navatar, please visit www.navatargroup.com.
ABOUT ASSOCIATION FOR CORPORATE GROWTH
Founded in 1954, ACG has 59 chapters across the globe. ACG's worldwide network comprises 90,000 professionals within the middle market, including 14,500 members who serve as the investors, lenders, owners, executives and advisers to growing middle-market companies. ACG's mission is to drive middle-market growth.
For more information about ACG, please visit www.acg.org.
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