Methodology

Hedge Fund & Private Equity Fund Operational Due Diligence Since 2009

APPROACH

PRISM’s approach to ODD is to be business minded, and at the same time provide in depth and accurate analysis. With that said, PRISM applies an audit skillset with an investment management mindset, while recognizing that the allocator and the investment manager are aiming to partner together. 





METHODOLOGY

PRISM is an independent firm with a focus on experience. Its mission is simply to provide institutional quality operational due diligence, so that investors have access to better information. PRISM’s due diligence process follows a methodical yet systematic framework, while layering in years of institutional experience. The due diligence reports are designed to meet the needs of the largest institutional allocators.

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Process

PRISM applies a repeatable process when conducting due diligence on fund managers. The process includes hundreds of procedures.

DOCUMENT REVIEW

PRISM provides each manager with a standardized and commercial document request at the onset of each ODD review.

SITE VISIT

Each manager site visit follows a standardized agenda, with an average site visit ranging from 3-5 hours. PRISM meets with back office team members.

SERVICE PROVIDERS 

Service provider confirmations are sent to various firms that provide services to the fund and manager (i.e. fund administration, banks, legal, etc.)

Deliverable: The “Green Book”

Receive PRISM’s proprietary Operational Due Diligence Report for every fund. The “Green Book” is a comprehensive assurance report detailing the fund’s operations and framework, highlighting associated operational and structural risks.

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Hedge fund operational due diligence since 2009.