DiligenceVault Releases the Findings of Its 2022 Asset Manager Survey: RFPs and DDQs - a Gateway to Success

Whitepaper explores the asset manager point of view on the due diligence process - the nature, volume and trend of RFP/DDQs received from investors, how firms are digitizing investor relations function, and what are their technology preferences.

DiligenceVault Industry Survey 2022

DiligenceVault, a digital diligence platform for the asset management industry, today released its latest whitepaper entitled "RFPs and DDQs - A Gateway to Success." The paper presents survey insights from over 600 fund managers that explores the nature of due diligence data requests, evolving standards in the industry, as well as digital transformation driving success. 

The primary areas of focus for the survey are centered around the asset management industry's reliance on extensive information exchange between fund managers and investors for both fundraising and ongoing client engagement, how they manage various due diligence processes, and how they are seeking to build success. Key insights include:

  • Asset managers with growth ambitions need to invest in their investor relations function. Only 5% of managers with AUM between $1bn - $10bn receive between 100-500 requests per year. That number jumps significantly to 46% for managers in the $10bn - $50bn range.
  • As investors request greater transparency, their custom DDQ requests have increased. Nearly 70% of investors request custom DDQs and RFIs, and/or send follow-ups.
  • ESG data collection is a clear priority, and firms of all sizes and strategies continue to see higher volumes. 76% of firms saw an increase in ESG DDQs from last year.
  • Larger and growing firms prioritize technology adoption to help navigate a complex fundraising and investor engagement environment and deliver a sustainable competitive advantage for their firm. 66% of managers with AUM > $100bn use dedicated RFP/DDQ technology.

Monel Amin, Founder and CEO of DiligenceVault, commented: "We are thrilled with the overwhelming survey response. The resulting insights help understand the asset manager's experience, especially in an environment where there is a significant increase in complexity for the investor relations teams, with increasing volume, topics, and frequency of due diligence. They serve as an industry benchmark for formulating investor relations technology strategies in response to this rising complexity. At DiligenceVault, we continue to see this reflected in increased demand for a modern investor relations technology that is industry-specific, with connectivity to the investor base, that delivers centralization and efficiency."

 Download survey insights here

About DiligenceVault

DiligenceVault believes in making due diligence possible for all by creating a new data-driven standard for due diligence in the investment management industry. Today, over 50,000 users leverage the platform in digitalizing and streamlining their due diligence framework, moving away from previously manually intensive, error-prone, and expensive diligence processes. Founded in 2014, DiligenceVault is backed by Goldman Sachs, and delivers a global support promise with teams in New York, Boston, London, India, and Singapore. 

For more information about DiligenceVault, please visit: www.diligencevault.com.

Source: DiligenceVault

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Categories: Asset Management

Tags: asset management, due diligence questionnaire, fundraising


About DiligenceVault

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DiligenceVault is the largest digital diligence platform for the investment management industry.

Monel Amin
Founder & CEO, DiligenceVault
DiligenceVault
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