Operational Due Diligence

We provide independent, institutional-quality operational due diligence to evaluate fund infrastructure, control environments, and governance practices. 

Operational due diligence is critical to understanding whether a fund’s infrastructure and control environment can support its investment strategy. We provide independent, objective evaluations rooted in decades of hands-on experience building and running institutional platforms. Our assessments identify operational, regulatory, and governance risks while providing practical recommendations to strengthen controls and protect investors.

• Review governance structure, organizational framework, and reporting lines
• Evaluate DDQs, audited financial statements, valuation policies, compliance manuals, workflow documentation, and BCP/DR plans
• Identify control gaps, single points of failure, and segregation-of-duties weaknesses
• Provide recommendations to strengthen oversight, accountability, and operational resilience

• Coordinate with operational, accounting, trading, treasury, and technology teams to evaluate workflow effectiveness
• Assess financial controls, trade execution processes, management oversight practices, and IT systems architecture
• Identify bottlenecks, control failures, and areas where workflow standardization or documentation is required
• Provide recommendations to enhance transparency, accountability, and operational continuity

• Independently evaluate the scope, performance, and service levels of key third-party providers
• Review administrator processes, NAV reporting, reconciliations, and adherence to valuation and pricing policies
• Assess auditor, tax advisor, custodian, and prime broker oversight structures
• Identify service gaps, concentration risks, and areas where accountability or escalation procedures should be strengthened

• Review SEC, FINRA, CFTC, and state regulatory filings for principals and key personnel
• Conduct background checks including litigation history, enforcement actions, credit events, and adverse media
• Evaluate social media activity, public disclosures, and professional affiliations for reputational and compliance risks
• Identify regulatory red flags, control weaknesses, and areas requiring enhanced oversight or remediation

• Conduct ongoing monitoring through periodic desktop reviews, structured conference calls, and on-site evaluations
• Track operational, compliance, valuation, service provider, and governance changes over time
• Maintain live risk registers with clear ownership, remediation timelines, and follow-up actions
• Ensure the control environment remains aligned with evolving regulatory expectations and investor standards