Investor calls are a great way to provide transparency to private fund investors during these unprecedented times caused by the coronavirus pandemic. Even well-intended private fund managers, however, must be vigilant when hosting those calls to avoid certain pitfalls. To protect themselves from liability, private fund managers must take care when planning and holding their investor calls. In a guest article, Troutman Sanders attorneys Genna Garver and Cot Eversole, along with Pepper Hamilton partner Julia Corelli, provide a series of “Dos” and “Don’ts” that fund managers should consider when planning and holding their investor calls. Although investor calls are held for many different purposes, this commentary is being provided in the context of an annual investor call or a general update call. Investor calls with LP advisory committees or in connection with litigation or regulatory updates may be subject to different recommendations and guidelines. For more on communicating with investors, see our two-part series “How Are Your Peers Responding to the Most Intrusive Requests From Private Fund Investors?”: Part One (Mar. 26, 2019); and Part Two (Apr. 2, 2019).