Here’s what managing partner Guy Davies had to say:
“In these unprecedented times, when it feels like there is a new normal almost every day, we have rapidly changed our priorities and refocused our team’s skills and expertise.
“Ensuring team safety, alongside ensuring the integrity and continued ability to function as a business, was paramount. Closing our offices, moving to agile home working and ensuring the team had the appropriate resources was very much the first step. Our recent investment in IT infrastructure and equipment meant this transition was relatively straightforward.
“Understandably, the emphasis then moved squarely to supporting our portfolio companies deal with the economic shock brought about by the Government’s wholly appropriate actions to counter the impact of COVID-19. Specifically, we are supporting our management teams translate and incorporate the implications of Government actions into their plans to ensure employees are protected and that their business comes through the current crisis in the best possible position. This is the main task at hand.
“Liaising with our investor base is also very important. Communicating with our investors to give early visibility of fund drawdowns required to support our companies through this exceptional challenging period is key.”