‘We need to remain calm,’ Victory Park CFO/CCO says

The last three years have been a stress test for private fund managers. Just as the economy was wobbling after the covid-19 pandemic and then Russia’s invasion of Ukraine, Washington regulators were taking a more aggressive look at the industry. Regulators have adopted or proposed dozens of new rules. They’ve stepped up their exams and enforcement activities, too.

Victory Park Capital knows what you’re going through. The Chicago-based private credit firm, which manages more than $4.7 billion in assets, has been examined by the SEC four times in the past 10 years. Frightening as some of the changes may seem, Victory Park CFO/CCO and managing director Olibia Stamatoglou says, managers should keep calm and carry their data.

“I think if we step back and remain calm and understand what our true, core business values are, we’re going to be okay,” she said in an interview from Private Funds CFO’s membership forum in New York in January. “Most of the requirements are requiring transparency to our investors and earlier turn-around times for reporting. I think that a firm like ours has been deeply rooted in understanding data and compiling data and using technology to help us advance our decision-making while reducing our risk profile.”

Watch the full interview to learn why technology can help fund managers streamline their compliance operations, and why Washington’s new regulations might reduce friction between funds and their investors.

This video is one of dozens of interviews, webcasts, peer-to-peer discussion groups and other support services available at Private Funds CFO’s membership network. Find out more about the network by clicking here.