The Client Due Diligence (CDD) process for private markets investments has become ever more burdensome in recent years.

This applies to institutional investors; insurance companies and pension funds, sovereign wealth funds, family offices and fund managers investing in secondaries.

Investors now need to provide a high volume of CDD materials and address a booklet of supplementary questions. This is frequently required both for the fund and to satisfy the requirements of administrators and other third-party providers

With the increasing regulation of the private markets, these CDD requirements have grown in scope and complexity. However, the methods for managing the associated requests for information have largely remained unchanged. These outdated practices are now excessively time intensive and also raise concerns around privacy and information security due to the frequency and manner with which sensitive documents are shared.

IDR’s one-and-done Managed KYC solution addresses these problems. Our expert team gather and authenticate all relevant KYC information once, to create a digital IDR investment passport. We then share this profile centrally and securely via our trusted hub on behalf of our managed KYC clients. Done.

For more information, reach out to Louis Dodd, our Managed Services Lead  Contact Louis