Operational Assessment

Operational Assessment & Assurance

Over a decade of performing operational due diligence for institutional investors led Laven Partners to develop a tailored service to fund managers designed to test and improve operational and compliance infrastructures.

Laven Partners’ Operational Assessment & Assurance independently reviews manager operations and processes, assuring they meet the standards of today’s investors and regulators around the world.

Scope: Each Operational Assessment & Assurance replicates our investor due diligence reviews and is designed to empower managers to position themselves for further success through our recommendations. Our reports are built to be comparable to SSAE 16 reports, while also assessing regulatory compliance matters and incorporating best practice standards from AIMA, MFA, ILPA and Invest Europe, formerly known as EVCA.

Approach: Our reviews begin with a desktop analysis of a wide range of documents amongst which fund and marketing documents, and include an on-site mock due diligence visit. Findings are compiled into an Operational Assessment & Assurance Report to provide a comprehensive and independent view of areas of weaknesses.

The following areas are reviewed as part of the service:

Structure Review Operations Review Compliance Review
Fund Structure Service Providers Review Regulatory Status
Manager Structure Front & Back Office Compliance Team
Offering Memorandum Risk Management Compliance Infrastructure
Corporate Governance IT, BCP & DR AML

We appreciated Laven Partners’ breadth of expertise and insights when carrying out the mock due diligence. Their work helped us institutionalise and streamline our operations which improved our investor positioning. We would recommend Laven Partners for their multi-disciplinary skills and comprehensive analysis.” Barend Pennings, Partner, Gladwyne Investments LLP, 2014

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