Business Continuity Disclosure
GCP Capital Partners LLC (“GCP Capital”) has designed a business continuity plan (“BCP”) to evaluate and manage a potential significant disruption to its business operations so that we may continue critical business functions in the event of an emergency. Critical functions include the storage and preservation of data, alternate communications with clients and regulators, and alternate communications with employees. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
If after a significant business disruption you cannot contact us as you usually do at 212-389-1600, you should refer to our posted message on our web site at http://www.gcpcapital.com. The BCP was designed after reviewing the potential risks and ability to recover from key losses. The BCP is reviewed and updated at least annually. The BCP includes discussion of potential disruptions including loss of our offices, loss of communication services and loss of power. Our BCP addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with clients and employees and alternate physical location of employees.
GCP Capital utilizes an off-site location to replicate critical data and technology. In the event of a significant disruption, it is GCP Capital’s goal to recover from the disruption within 24-72 hours so that we can continue business operations. We intend to respond to such disruptions by safeguarding our employees and property, making a financial and operational assessment, and protecting the firm’s books and records. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. GCP Capital does not guarantee that it will be able to continue or resume business operations within any specified period of time under all circumstances.