Universities Superannuation Scheme Investment Management (USS), the principal financial advisor and manager to the UK’s largest private occupational pension scheme with GBP67.6 billion in total assets, is partnering with digital diligence platform Diligence Vault (DV).Established in 1974, USS is the principal pension scheme for universities and higher education institutions in the UK and, through its wholly-owned investment manager, is a sophisticated investor across all asset classes, and an important voice in responsible investing.
The partnership delivers immediate benefits to USS Investment Management, creating a digital hub for its Operational Due Diligence, Responsible Investments, and investment teams. USS Investment Management now has the ability to leverage DiligenceVault’s technology to simplify the process of collecting, centralising, analysing, and reporting on key investment and risk data tapping into the large pool of asset managers responding on DiligenceVault.
The efficiency and transparency, benefiting both USS Investment Management and its asset manager partners, will foster more regular strategic dialogue and is an important addition to the monitoring infrastructure.
“We are excited to bring our digital diligence platform to the USS Investment Management team. We expect that our centralised platform will accelerate collaboration between their team(s) and their asset managers in a world of increased virtual due diligence. We’re thrilled to deliver value and drive efficiency to USS Investment Management which speaks to the universal adaptability of the DiligenceVault platform as the industry continues its digital transformation,” says Monel Amin, Founder of DiligenceVault.
Howard Brindle, USS Investment Management Deputy CEO, says: “As we’re ensuring all of our processes across the firm are best-in-class, we knew we wanted to leverage technology to help us do that for all things diligence-related. DiligenceVault offers us the ability to use one tool to centralise our fund data collection and due diligence documents.”