INVESTMENT DUE DILIGENCE
Understand the investment
case before making the decision.
Independent investment due diligence that provides deeper insight into strategy, people, process, performance and portfolio construction to support stronger investment decision-making.
Investment Due Diligence
Go beyond the
headline investment proposition.
Strong investment decisions require more than reviewing historical performance or understanding a strategy at a high level. The people, philosophy, process and portfolio construction behind the investment all require detailed assessment.
ORC provides independent investment due diligence designed to challenge the investment case, test the supporting evidence and identify the strengths, weaknessesand risks that should inform the final decision.
Our Assessment
The factors behind
investment outcomes.
Each review is tailored to the investment opportunity, strategy and asset class, while maintaining a consistent institutional framework.
01
Philosophy & Strategy
Assess the clarity, rationale and sustainability of the investment approach and how it is expected to
generate returns.
02
Investment
Team
Evaluate experience, responsibilities, decision-making, succession, alignment and the depth of resources supporting the strategy.
03
Investment Process
Review sourcing, research, underwriting, management, monitoring and exit processes to understand how investment decisions are made.
04
Portfolio Construction
Assess diversification, concentration, sizing, budgeting and how portfolio construction supports the stated investment objectives.
05
Performance & Attribution
Analyze historical outcomes, drivers of return, consistency, downside experience and whether performance supports the stated proposition.
06
Investment
Risk
Consider the investment risks, how they are identified and managed, and whether the risk profile is consistent with the intended mandate.
The Questions That Matter
Testing whether the story stands up to scrutiny.
01
Is the investment edge clear and repeatable?
Understand what differentiates the strategy and whether that advantage can reasonably be sustained.
02
Does the process work in practice?
Test whether actual investment decisions and portfolio activity are consistent with the stated philosophy and process.
03
Is performance genuinely explained?
Look beyond headline returns to understand the underlying drivers, repeatability and sources of risk.
04
Are incentives aligned?
Consider ownership, compensation, team incentives and other factors that may influence investment behavior or long-term stability.
05
Does the investment fit the intended objective?
Assess the opportunity within the context of the relevant mandate, portfolio, risk appetite and broader investment objectives.
Our Process
Evidence-led
investment assessment.
ORC combines detailed analysis, practitioner challenge and structured assessment to develop a clear view of the investment proposition.
01
Review
Analyze investment materials, portfolio information, track record, performance data and supporting documentation.
02
Challenge
Conduct detailed discussions with relevant investment professionals to test the stated philosophy, process and evidence.
03
Assess
Evaluate material strengths, weaknesses and risks against the objectives of the investment and the requirements of the mandate.
04
Conclude
Provide clear conclusions and decision-useful observations to support investment approval and subsequent oversight.
Our Coverage
Across
Fund and Direct Investments
Fund Investments
Independent assessment of external managers, funds and investment strategies, including the investment philosophy, team, process, portfolio construction, performance and key investment risks.
Direct Investments
Transaction-level investment diligence focused on the underlying investment case, key assumptions, expected returns, downside risks and the factors most relevant to the long-term attractiveness of the opportunity.
Read More
Explore our investment due diligence approach in more detail.
Download our Investment Due Diligence brochure for further information on ORC's assessment framework, investment coverage and delivery approach.
ORC is a specialist consultancy supporting institutional asset owners, asset managers and asset servicers across due diligence, investment operations, and governance.
We help clients identify material risks, strengthen operating models and make better-informed decisions across the investment lifecycle.
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