December 13, 2019 Alert

Hi all,

Below are this week’s alerts for the Investment Network.  Enjoy!

This Issue’s Topics:

  • FREE: ACG WEBINAR: PitchBook’s Private Equity Outlook | Assessing Themes: 2019 and Beyond
  • FREE: Chicago Bar Association Futures & Derivatives Law Committee Meeting: Underlying Concepts of Derivative Instruments
  • (FREE WITH EXCLUSIVE DEAL) and REMINDER: Washington DC Compliance Roundtable (WDCCRT) Webinar: Unpacking the SEC’s Proposed Amendments to the Advertising and Solicitation Rules
  • Chicago Booth Finance Roundtable: Accounting for Entrepreneurs: from Start-Up to IPO
  • ACG Chicago: Winter Social

Events:

FREE: ACG WEBINAR: PitchBook’s Private Equity Outlook | Assessing Themes: 2019 and Beyond
Tuesday, December 17, 2019, 1:00-2:00 P.M.

Did PitchBook’s predictions for 2019 hold true?

In December of last year, PitchBook published a series of predictions about how the private equity landscape would play out in 2019. With deal flow and fundraising already at near-record levels, these predictions included data and analysis on key topics such as pricing, cash flows, and emerging strategies within private markets.

By the end of the webinar, attendees will:

  • Learn how PitchBook’s predictions have fared against the data
  • Receive a glimpse into the most important themes within private equity for 2020
  • Understand themes surrounding GP stakes, secondaries activity and private debt fundraising

For more information, click here.

FREE: Chicago Bar Association Futures & Derivatives Law Committee Meeting: Underlying Concepts of Derivative Instruments
Wednesday, December 18, 2019, 12:15-1:30 P.M.
CBA Headquarters, 321 South Plymouth Court, Chicago, IL

A non-math centered presentation designed to put attorneys on a more equal footing with finance and economic experts by exploring the underlying theories and concepts in valuing forwards, futures, and options of all kinds.  The speaker will be Stuart Berman from Capital Forensics, Inc.

Illinois CLE credit will be available to CBA members. 

(FREE WITH EXCLUSIVE DEAL) and REMINDER: Washington DC Compliance Roundtable (WDCCRT) Webinar: Unpacking the SEC’s Proposed Amendments to the Advertising and Solicitation Rules
Wednesday, December 18, 2019, 1:00-2:00 P.M.

On November 4th, the SEC proposed significant amendments to its advertising rule and solicitation rule, as well as related amendments to its books and records rule and the Form ADV. The proposal marks a drastic departure from the SEC’s current prescriptive approach with respect to adviser advertising, seeking instead to provide a more principles-based approach. The proposal is also meant bring the current rules into the 21st century in terms of social media use and other industry and technological changes.

This webinar provides a detailed overview of the proposal, including, but not limited to, the following proposed changes:

  • The definition of “advertisement” would be substantially expanded to include, among other types of communications, online communications such as social media, with limited exclusions. This would greatly expand the scope of the rule, as well as the related compliance requirements.
  • Testimonials, endorsements and third-party ratings would be permitted in advertisements, subject to certain conditions. This is a dramatic shift and is meant to increase the ways in which advisers are permitted to advertise.
  • Hypothetical, related, extracted and portable performance would be permitted in advertisements, subject to certain conditions. This is one of the most notable changes to the advertising rule, which currently relies on a patchwork of no-action letters and related guidance to define the contours of performance advertising.
  • Nearly all advertisements would be subject to review and approval by a designated employee prior to use. Compliance therefore needs to gear up for the requirements on this rule and understand their expected obligations from a review and approval perspective.

Our speakers are Nicole Kalajian of Stradley Ronon and Marina Baranovsky of Scitus Consulting LLC.

This webinar will be broadcast in video mode and be available for on-demand viewing for the registered participants after our live presentation.

Special Deal:  This event is FREE to Investment Network members with the purchase of next year’s package of WDCCRT webinars for $175 (guaranteed at least 4 webinars next year, as well as access to meetings with DC Regulators from Stradley Ronon’s office). For instance, in 2019, we met with special Agent Matthew DeSarno of the FBI – discussing cyber security matters, Steven Polansky of FINRA – discussing FINRA 2019 regulatory priorities, Stephen Deane of the SEC – discussing SEC senior investors regulatory overview, and Rick Glaser of the CFTC – discussing CFTC enforcement updates, developments and trends.  Contact Nicole Kalajian at (nkalajian@stradley.com) for more details about this specially negotiated deal.

Chicago Booth Finance Roundtable: Accounting for Entrepreneurs: from Start-Up to IPO
Thursday, December 19, 2019, 6:00-8:00 P.M.
Gleacher Center, Room 100, 450 Cityfront Plaza Dr., Chicago, IL

The number of public companies in the U.S. has fallen from 8,000 (in 1996) to less than 4000.  Chicago Booth has a lot more students going off to work at smaller, growth stage companies.  Speaker, Professor Ira Weiss plans to discuss this public vs private dynamic, as well as assess today’s private fundraising markets.  Professor Weiss is a Clinical professor at the University of Chicago Booth School of Business. He also invests in start-ups via the Chicago-based VC firm called Hyde Park Venture Partners.

For more information, click here.

ACG Chicago: Winter Social
Thursday, January 16, 2020, 5:00-7:30 P.M.
70 Eats, 70 W. Madison St. Chicago, IL

Network in the Loop with ACG Chicago.

Kick off your 2020 with the dealmakers and industry leaders of ACG Chicago at the Winter Social! Conveniently located in the heart of the loop at 70 Eats is the perfect location to connect with other M&A professionals after work.

For more information, click here.

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