Due diligence in the age of coronavirus

The Investment Management Due Diligence Association (IMDDA) announced that it is holding a free webinar called “The Due Diligence Must Go On” on Wednesday March 18 at 1:00 p.m. EDT. Andrew Borowiec, executive director at IMDDA, said that industry group will be increasing the number of webinars it offers to allocators and managers. A new survey from the Investment Management Due Diligence Association of more than 670 general partners in the U.S., Canada, Hong Kong, Singapore and London found that nearly one third (29%) said they are no longer conducting on-site due diligence as the impact of the coronavirus spreads. A larger number of investors or 52% said they didn’t expect the virus to impact how they conducted due diligence. Those numbers were collected more than a week ago and are likely shifting. More information on IMDDA’s online services can be found on its main website. Wednesday’s free webinar will feature a panel of experts, which includes due diligence professionals who specialize in both liquid and illiquid investments, will discuss how allocators should alter and change the way they conduct due diligence without onsite meetings. According to IMDDA, panelists will answer questions live from webinar attendees. Panelists include: Kelly DePonte, managing director of fund placement firm Probitas Partners; John Ward, managing director at Duff & Phelps; and Daniel Strachman of IMDDA and managing director of A&C Advisors.

Due diligence in the age of coronavirus

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