IMDDA Signs Mandate With Pennsylvania School Retirement System

Posted by Andrew Borowiec on Jan 5, 2018 9:13:00 AM

immda-signs-mandate-with-pennsylvania-school-retirent-system-on-investment -manager-due-diligence-training

NEW YORK, December 7, 2017 – The Investment Management Due Diligence Association (IMDDA), the only investor-centric organization dedicated to the professionals who investigate facts concerning investment programs, today announced a new mandate from a leading institutional investor as the organization expands into customized educational training.

IMDDA said that the Pennsylvania Public School Employees’ Retirement System retained the group to conduct on-site, customized due diligence educational training programs. 

“In the two years since we founded the IMDDA, we have attracted hundreds of professionals as members, worked with hundreds more through our international training seminars, and helped build understanding of and appreciation for the increasingly sophisticated role of due diligence behind today’s investment programs,” said Andrew Borowiec, Executive Director of the IMDDA. “Today, we are thrilled to debut IMDDA’s first customized educational program for one of the world’s leading institutional allocators. This is an important new area of service that the IMDDA offers its members.”

“Due diligence is a vital function to our $53 billion investment portfolio and to the more than 500,000 individuals across Pennsylvania whom we serve,” said Michael Benson, Senior Investment Professional at PSERS. “The IMDDA is a strong partner to help our executives and staff better understand and embrace the concepts and practices of due diligence throughout our organization.”

In addition to the new tailored, on-site educational programs, the IMDDA provides training seminars in key cities internationally. The Fundamentals program is geared to those who want to better understand due diligence through instruction, exercises and case studies to develop their professional skillsets.

IMDDA’s Master program provides deep-dive, hands-on experience focused on specific areas of due diligence that allow participants to go back to their organizations and drive a robust, rigorous due diligence process.


Since 1917, Pennsylvania Public School Employees’ Retirement System (PSERS) has been serving the public-school employees of the Commonwealth of Pennsylvania. The number of individuals it serves has grown from 37,000 in 1919 to more than 500,000 today. Balancing stability and growth through prudent investment policies, PSERS' assets have grown from $6 billion in 1982 to approximately $53.5 billion as of June 30, 2017.

About Due Diligence and the IMDDA

Due diligence is an investigation or audit of a potential investment to confirm facts, such as reviewing financial records, plus anything else deemed material. Due diligence refers to the care a reasonable person should take before entering into an agreement or financial transaction with another party.

Operational Due Diligence (ODD) gathers, analyzes and (to a degree) verifies information relating to operational risks. Investment Due Diligence (IDD) is typically carried out by potential investors to consider investment functions.

Founded in 2015, the Investment Management Due Diligence Association® (IMDDA) is the only international investor-centric organization dedicated exclusively to due diligence and the professionals who investigate facts concerning all aspects of investment programs. The IMDDA’s mission is to work with the investment management community to set the standards for due diligence around the globe. Through its professionals-only membership, seminars, web site, customized educational training and in-development due diligence certification program, the IMDDA provides a forum for interaction among peers to share ideas and learn from each other while developing extensive curriculum and standards for due diligence professionals.

The IMDDA focuses on educating individuals on best practices for conducting due diligence on hedge funds, private equity funds, venture capital funds and mergers & acquisitions. IMDDA operates in North America, United Kingdom, Singapore and Hong Kong. Members include representatives from financial institutions, regulatory bodies, law enforcement agencies and industry sectors.

Download the Due Diligence Survey Report

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Thomas Walek
Peaks Strategies

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Tags: Seminars, Article, Due Diligence, investment

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