Due Diligence Matters - February 2025
perfORM is an award-winning, international (UK, Switzerland, USA, Hong Kong) and standalone Operational Due Diligence solutions provider with 125+ years of collective ODD experience.
We are delighted to announce that Laetitia Gaudino has joined us as a Swiss (Geneva) based and highly experienced ODD practitioner. In the last 18 years, Laetitia has completed hundreds of operational due diligence reviews across all regions and has headed the ODD teams of three large institutional Allocators (Swiss Capital Group, UBS AG and Credit Suisse AG). Previously, she was based in London, during which time she worked for both Thames River Capital and Goldman Sachs.
Please contact us if you would like to discuss our services, or to receive sample ODD Reports.
Reflecting on 2024
Looking back on a year of rapid growth, 2024 saw us continue to consolidate our presence as a leader in the space of independent ODD, chalking up a 30% YoY increase in the number of ODD reports we produced. Spanning public and private markets, with an ever-increasing focus on digital (crypto) assets and associated service providers, our reviews also captured the excitement of the new frontier of AI and its multi-faceted applications in the alternative investments space. Two thirds of our reviews were in public markets (including digital assets) and one third of our reviews were in private markets (private debt, private equity, venture capital, natural resources, infrastructure and real estate).
In public markets, within our cohort, traditional equity strategies dominated the year with distressed debt and special situations strategies gaining popularity. With almost a 30% increase compared to 2023, allocation via separately managed accounts has become increasingly appealing, thanks to their ability to offer customisation, transparency and control over investments; features which are now highly sought after by institutional investors.
On the private markets side, amid interest rate uncertainty and an overall challenging inflationary environment, certain investment strategies like private credit, infrastructure and natural resources were more popular among our Allocator clients, compared to 2023.
Our ODD services also expanded to serve our clients’ ever-evolving universe of prospective investments. This included reviews of businesses for potential acquisition, not only of investment firms but also of service providers involved in ensuring the availability and reliability of AI applications.
Furthermore, since the FTX collapse, an assessment of the operational risk presented by digital asset custodians and exchanges, as well as investment managers, has become more important to our clients, as demonstrated by a 70% increase YoY in the number of ODD reviews performed on digital service providers alone.
ODD Report Solution
Investment Manager: 24 Capital Management Ltd – please contact here to request access to our December 2024 dated ODD Report
Investment Manager: MARK Capital Management LP – please contact here to request access to our December 2024 dated ODD Report
Investment Manager: Edge Capital Investment Management, LLC – please contact here to request access to our September 2024 dated ODD Report
Investment Manager: Redhedge Asset Management, LLP – please contact here to request access to our September 2024 dated ODD Report
Investment Manager: Fasanara Capital Limited – please contact here to request access to our July 2024 dated ODD Report
Investment Manager: Eltican Asset Management SAS – please contact here to request access to our July 2024 dated ODD Report
Digital Asset Service Provider: Copper Technologies (Switzerland) AG – please contact here to request access to our April 2024 dated ODD Report
Investment Manager: Hyperion Decimus, LLC – please contact here to request access to our March 2024 dated ODD Report
Investment Manager: Coral Cove Capital Ltd – please contact here to request access to our January 2024 dated ODD Report
Investment Manager: Wincent Capital Management Limited – please contact here to request access to our September 2023 dated ODD Report
Investment Manager: Hivemind Capital Partners UK LLP – please contact here to request access to our September 2023 dated ODD Report