Castle Hall Alternatives has launched OpsDiligence, an online platform allowing investors to build due diligence programmes across all asset classes, including hedge fund, private equity and long only portfolios.
“OpsDiligence offers a new solution to the challenges of investor due diligence,” says Chris Addy, Castle Hall’s president and chief executive. “As the operational due diligence process has matured, investors now require a flexible, risk based approach, coverage across all holdings, irrespective of asset class, and a far more sophisticated technology platform. OpsDiligence delivers across all these criteria.”
The foundation of OpsDiligence is OpsData. Castle Hall populates the OpsData online platform based on information gathered from the firm’s proprietary diligence questionnaires and key manager and fund documents. For investors, OpsData replaces inconsistent, manager generated DDQ formats with a standardised and detailed ODD reference manual for every fund in a portfolio. Castle Hall controls data entry, ensuring consistency and completeness.
Thereafter, OpsDiligence offers a flexible hierarchy of due diligence procedures, supporting diligence on initial allocations as well as the process to monitor evolving operational risks across an existing, invested portfolio.
“Diligence is not one size fits all,” says Anne Coady, managing director. “Investors need a flexible approach: diligence on a new hedge fund allocation is not the same as ongoing coverage of an invested private equity holding. OpsDiligence offers a combination of verification, desk and onsite diligence reviews, together with a comprehensive ongoing monitoring platform. Together, these tools enable investors to develop a highly effective due diligence programme.”
OpsDiligence offers a range of access models. Clients may conduct diligence on a fund by fund basis with no minimum retainer, or engage with Castle Hall on a portfolio basis to benefit from OpsDiligence coverage across all positions.
