March 28, 2020
SCIM Investor Update
To our Investors,
It’s been an extraordinary couple of weeks for us, as I am sure it has been for you. We sincerely hope that you are well and are managing the fall-out from Covid-19.
The Stamford team has been operating remotely since Monday 16th March. We made this decision to protect our people and ensure that they are healthy and safe. All our systems are cloud-based and secure so the transition to a remote-based workplace has been smooth and we remain fully operational. I must say I do miss being in the office, but these are the times we are in.
We are holding daily video and conference calls with the team. This helps maintain our culture, exchange of ideas and ensures our ability to service our clients. We have also reviewed our disaster recovery program, our operating platform and financial capacity. Stamford is well capitalised and appropriately staffed to continue to operate notwithstanding the expected reduction in deal activity.
We continue to actively manage all SCIM investments and place investors’ interests first. This is what we have always done.
Over the last two weeks, we have spoken with each deal’s sponsor to understand emerging risks and project status in this new environment. We want to provide timely reporting on your individual investments so will issue March quarterly asset updates earlier than normal – next week (normally issued by 30th April).
Please look out for these reports in your inbox and on the SCIM platform.
Mike and I are always available to speak by phone (or video!) if you have any question or concerns.
Speak soon and stay safe.
Domenic Lo Surdo & Michael Hynes
Joint Managing Directors