CURRENT STATE
—
HOW IT ACTUALLY OPERATES
ENTITY GOVERNANCE TRACK
INVESTMENT GOVERNANCE TRACK
Board / IC & Management Committees
unverified reporting from 3rd parties / no golden source
Corp. service providers
CT Corp / Walkers / Cogency / CSC
Law firms
governing docs / entity formation
all depts contact counsel directly
duplicate requests
no coordinated control / oversight
Law firms
CLO indentures / LPAs
* AI / Analytics layer cannot be applied due to multi
-
source ungoverned inputs
-
outputs unreliable
Entity
mgmt
platform
(if exists)
Data Warehouse
no defined data ownership
no validation / control
unstructured ingestion
-
> stale unreliable data
conflicting sources of truth / no clear data owner
Mg
m
t
Oversight
Deal due diligence
AML / KYC
Regulators / Auditors
Fund admins
LPs / Investors
Regulators / Auditors
KEY
XL
Risk / Compliance
XLS
Windows File Folders
XLS
Excel Spreadsheets
S
SharePoint Folders
Systems / Databases
perceived coordination among
internal teams
fragmented files / data
manual workflows
redundant processes
XLS
Ops / Finance
Compliance
Legal
S
XLS
S
XLS
S
XLS
Legal ops manual entry
no DW / EM platform feed
all depts manual data entry
into DW with no controls
X
law firms do not interact
with EM platforms
X
$
$
$
$
X
X
X
No Connectivity / Broken Workflow
X
$
Unnecessary Excessive Costs
Ops / Finance / IT
XLS
PMs / Traders / Structuring
XLS
manual / delayed
stale / inconsistent
not treated as system of record
Invest. monitoring platform
(if exists)
not treated as system of record
X
no automated DW exchange
not connected to IM platform
tests not operationalized
manual entry / no controls
X
X
X
X
X
manual reporting w/out IM
structure
$
Rating agencies
Moody’s, S&P, Fitch
Systems
Inputs
PMs / Traders / Structuring
no real time visibility
Inputs: Internal departments, law firms, corporate service providers, rating agencies
Systems: Entity management platform, investment monitoring platform, data warehouse
Outputs: LP reporting, regulatory filings, audit requirements, PM decision
-
making, engine to power more processes
no firm control or proper review before receipt
Output
Mgmt. Oversight: Board / Investment & Management Committee oversight
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felmetadvisory.com