Railpen Selects DiligenceVault to Streamline Their Due Diligence and ESG Data Collection Processes

Leading UK pension manager adopts DiligenceVault's market-leading due diligence platform to enhance data capture, investment processes and risk management

DiligenceVault

DiligenceVault, a digital diligence platform that delivers data collection, analysis, and collaborative reporting solutions for asset owners and asset managers, today announced a client partnership with UK pension manager Railpen, who manages approximately £37 billion on behalf of the members of the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Railpen is committed to securing the future for half a million members across the UK and overseas. It is further enhancing its capabilities with a new investment decision-making framework that will enable agile decision-making based on enhanced and robustly secured data. By centralizing due diligence data collection and workflows onto the DiligenceVault platform, Railpen will have improved access to robust and timely quantitative and qualitative data, which is increasingly critical to achieving the objective of instituting a scalable approach to investment management. 

Railpen's investment office will also be able to further increase the efficiency with which they carry out third-party manager operational due diligence (ODD) including supporting their plan to further enhance engagement with private managers on ESG data and reporting. In addition, Railpen will utilize DiligenceVault's ADV module to analyze and monitor regulatory and operational changes with current and prospective investment managers.

James Slape, Head of Operational Due Diligence at Railpen, commented, "As our manager universe expands and the data required in both ODD and ESG grows, we were keen to invest in technology that easily integrates data and process efficiency into our investment processes. With DiligenceVault we have found a functionally rich technology platform that meets our specific requirements, robust IT security standards and is flexible enough to map our investment framework. By making it easy for our asset managers to provide data to us via DiligenceVault, we are strengthening our engagement with them while also empowering our research teams to identify risks and make faster decisions. "

"We are so very excited to initiate this relationship with Railpen's investment team. Railpen joins a rapidly growing peer group of public and corporate pension plans who are trusting DiligenceVault to digitize their due diligence frameworks. With DiligenceVault's dedicated focus on addressing data complexities and adoption friction points, we have built a singular industry platform with data collection from over 12,000 asset managers, and are confident about delivering faster time to value and seamless implementation for Railpen," said Monel Amin, Founder and CEO of DiligenceVault.

About DiligenceVault

DiligenceVault is the investment industry leader in offering a comprehensive due diligence technology platform for asset owners, allocators, service providers, and fund managers. Today, over 42,000 users leverage DiligenceVault in digitalizing and streamlining their due diligence framework, moving away from previously manually intensive, error-prone, and expensive diligence processes. DiligenceVault is trusted by leading global asset allocators including Goldman Sachs Asset Management, NEPC, Shadmoor Advisors, Universities Superannuation Scheme, UTIMCO, Frontier Advisors, and Wells Fargo. Founded in 2014, the firm delivers a global support commitment with teams in New York, London, Singapore, and India. For more information about DiligenceVault, please visit www.diligencevault.com

About Railpen

Railpen is responsible for the safekeeping and investment of over £37 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds. For more information about Railpen, please visit: www.railpen.com

For media inquiries:

Andre Boreas
VP - Head of Marketing, DiligenceVault
andre@diligencevault.com
+1 929-333-5837

Source: DiligenceVault

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Categories: Investments

Tags: due diligence, institutional investors, pension funds


About DiligenceVault

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DiligenceVault is a digital diligence platform for the investment management industry

Andre Boreas
VP - Marketing, DiligenceVault
DiligenceVault
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New York, NY 10018
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