Client Update July 2022.

Happy summer (to at least our clients in the northern hemisphere!) I wanted to reach out as the entire Castle Hall team is very pleased to announce the formal launch of DiligenceExchange Transparency Reports. Each Transparency Report presents key due diligence data across an investment manager / GP, fund entity and the manager's related control environment, following our standard ODD methodology and presentation. Please click here to read our full press release.

Transparency Reports are a subset of our “Premium” DiligenceExchange Reports, which many of you are now using across your portfolios. Transparency Reports include our core DXC data and “trust but verify” checks – but do not include fund or portfolio level analytics, and do not include our industry wide DiligenceExchange benchmarks.

We are exceptionally pleased with the initial take up of DXC Transparency Reports from the asset manager community - more than 100 global asset managers have already agreed to participate in the DXC initiative and issue Transparency Reports. Some of the industry's largest firms have enthusiastically adopted the platform, with launch Assets Under Transparency exceeding $10 trillion.

Transparency Reports are free for both investors / LPs and managers / GPs, with the platform working as follows:

• Any asset manager can approach Castle Hall to ask to be included on the DXC Transparency Platform. A key benefit is that this “pull” approach adds another manager to our overall data set, and improves the quality and reach of our DXC Benchmarks.
• Managers who are already under Castle Hall coverage can ask to re-purpose their core DXC data and issue a transparency report (again, excluding the value add of analytics and benchmarks)

Our goal is to create a “community effect”, whereby both investors and managers build momentum and critical mass to position DXC as a standard source of industry data. We are currently approaching 1,500 managers and more than 2,500 funds on the DXC platform as a whole – as the data set increases, we look forward to adding more filters and granularity to the DXC Benchmarks. Near term goals are to add more geographical filters (e.g. just look at European managers) and add more filters to private asset analytics to enable more granularity across the various private asset strategies (private equity, VC, real estate, private credit, infra etc.)

As always, we greatly appreciate your business and very much appreciate your feedback and suggestions as we continue to develop DiligenceHub and our fintech approach to due diligence.

If you are not already using DXC across your portfolio please don’t hesitate to contact a member of our Solutions team. Emily, Olaf, Ben and the rest of the team would be delighted to give you a demo of the platform and chat about how consistent, evidenced and auditable diligence information can help streamline your ODD workflow.

Chris Addy, CEO