Scott McCoy of Cold Springs Partners on current advisory and investment trends

Denver, Colorado, September 26, 2022, ZEXPRWIRE, Scott McCoy, General Counsel and Managing Partner of Cold Springs Partners (CSP) in Denver, CO, recently shared his thoughts and observations on current trends in investment advice and opportunities.

CSP has been providing legal services to early-stage startups and other high-growth businesses for six years now. The company is also interested in short-term market strategies, regional financing and certain investments in the hotel industry. “We’re always looking for new ways to help our customers grow and succeed,” Scott said. “It’s an ever-changing landscape, so we need to stay on top of the latest trends.”

According to Scott, the biggest trend he sees right now is the changing financial environment. “As interest rates rise, investment costs change,” Scott said. “This is especially true for startups.”

Despite the challenges that come with a changing financial environment, Scott remains optimistic about the future. “There will always be the best prospects who get funded,” Scott said. “Lesser prospects may have to work a little harder, but there are still opportunities.”

“For this reason, we are considering funds or targeting investments in promising regions such as Reno and northwestern Nevada, the Central Valley of California, Grand Junction and the Western Slope of Colorado,” Scott said. “We are also considering investments in hospitality, particularly restaurants, bars and mid-market specialties in targeted metropolitan areas including Denver/Boulder, Phoenix, California’s Central Valley and Reno.”

Scott further explained that this type of investing allows them to be “more nimble and to invest in a wider range of businesses and industries.”

In addition to the changing financial environment, Scott is also considering a fund targeting businesses run by LGBT entrepreneurs. “That’s something we’re really passionate about at CSP: equal and good opportunities for people of all races, genders, sexual orientations and ethnicities,” Scott said. “While I am generally not in favor of funds that focus on specific groups of people, we are considering a fund that would focus on businesses run by LGBT entrepreneurs in the Rocky Mountain region because there is a need and a opportunity for it.”

“We believe that diversity makes us stronger as a company and that everyone should have the opportunity to succeed,” Scott said. “It’s something we’re really committed to at CSP.”

However, when it comes to real estate, Scott and his team take a different approach. “We are not planning any additional real estate projects at this time as demand is declining, financing costs are much higher, labor costs have skyrocketed and there are ongoing price and chain issues. of supply with the materials,” said Scott. “We believe that in general the real estate market has peaked in most regions and that there will be a reversal in gains to some degree over the next year. But as the market stabilizes, our strategy will change.

On the legal advice side, transaction work is down, but general corporate, contract and, most importantly, regulatory work continues to be strong. “We see a lot of regulations put in place or suddenly applied that impact our customers,” Scott said. “We’re here to help them navigate these changes and make sure they’re in compliance.”

“It’s an exciting time to be in the consulting and investing world,” Scott said. “There are always new opportunities and new challenges to keep us on our toes.”

Despite the challenges of a changing financial environment, Scott McCoy and the team at Cold Springs Partners remain optimistic about the future. “There will always be the best prospects who get funded,” Scott said. “We are committed to helping our clients navigate these changes and take advantage of new opportunities.”

About Scott McCoy

For more than 25 years, Scott McCoy has assisted international clients in a variety of legal areas, such as department management, litigation, risk management, compliance, and commercial and government contracts. He is the current general counsel and managing partner of Denver-based Cold Springs Partners (CSP), which he co-founded in 2015.

The CSP team, led by Scott and his colleagues, combines their diverse expertise and deep knowledge to create industry-leading solutions for high-growth, transforming small businesses while investing in mature private and public companies. For more information, visit www.coldspringspartners.com.