PEGCC holds first CFO-focused event

As part of an effort to build out its member services, the lobbying group hosted 29 CFOs to discuss the top challenges facing their positions today. 

The Private Equity Growth Capital Council (PEGCC) held its first annual “Chief Financial Officers’ Day” earlier this month, at which 29 private equity CFOs and senior executives from the PEGCC’s associate member firms discussed such issues as the role of technology for CFOs and the current regulatory environment.

During the event, CFOs debated topics that have come on private equity firms’ radars in the past six months, like cybersecurity and the Security and Exchange Commission’s most recent interpretation of the custody rule.

“Everyone was able to express their concerns,” noted CFO and CCO at KPS Capital Partners Steve Hoey, who attended the event. “It was a more focused, intimate environment for idea sharing.”

The forum, which was open to PEGCC members only, opened with a keynote by Mary Galligan, a director in Deloitte’s cyber risk services practice, followed by panels on the state of the industry, the implementation of technology and recent developments in taxation and regulation.

“We held our inaugural Chief Financial Officers’ Day to provide a forum for industry CFOs to discuss both their evolving role and the key issues they manage,” noted PEGCC spokesperson James Maloney in an email to pfm. “The day was a great success and serves as an example of how the council is building out our member services.”

PEGCC, whose members include private equity giants like The Blackstone Group, KKR and TPG, plans to hold the forum annually. The council’s next event will be the Chief Compliance Officers’ Working Group meeting on September 30, followed by the Second Annual General Counsels’ Day on October 15.