TARGET STATE —HOW IT SHOULD OPERATEENTITY GOVERNANCE TRACKINVESTMENT GOVERNANCE TRACKBoard / IC & Management CommitteesAI / Analytics layer accelerates and scales governed systemsFund adminsLPs / InvestorsRegulators / AuditorsKEYXLCSPsLegalData WarehouseGolden source of truthNo exposure to non-data/IT teamsIntegrated securely with external platformsPMs / Traders / Structuring Law firmsInfrastructure TeamsCompliance, Tax, Accounting, Valuations, Risk, OperationsAML / KYCenables in-house servicesRegulators / Auditorsproactive / structuredEntity Management PlatformFully optimized with upstream & downstream processesSystemically integrated with DW and external systems / providersAI-enabled integration readyDeal due diligenceaccurate / timelyInformation flowSystem integrationPlatform / SystemProcessInvestment Compliance PlatformFully optimized with upstream & downstream processesSystemically integrated with DW and external systems / providersAI-enabled integration readyInformation flow bi-directionalSystem integration bi-directionalInternal firm-wide reportinge.g., Power BILaw firmsRisk / ComplianceStructuring / PMsRating agenciesMgmtOversightGovernedSystemsPrimaryStakeholdersOutputInvestorsreviewed vs. system of recordreal-time data / investment decisionsstructured / IM platform drivenFund / warehouse structuring coordinationFund / legal entity formation coordinationPlatform Consumers felmetadvisory.com felmetadvisory.com