NEW YORK, November 12, 2019 – The Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organization dedicated to the professionals who perform investment and operational due diligence, today announced that Kelly DePonte, Managing Director at Probitas Partners, has joined the IMDDA Advisory Board as it expands in response to the growing global importance of due diligence.
"We are excited to welcome Kelly to the IMDDA Advisory Board,“ said Andrew Borowiec, IMDDA Executive Director. “Kelly’s knowledge and expertise will be invaluable in helping to guide the IMDDA's content for private funds.”
Based in San Francisco, DePonte is Managing Director at Probitas Partners, where he is responsible for research. With offices in San Francisco, New York, London, and Hong Kong, Probitas Partners is a global provider of alternative investment solutions with an emphasis on the placement of private equity, real estate, infrastructure, and real asset funds. DePonte earned an MBA in Finance from the Anderson School of Management at UCLA and a BA from Stanford.
With today’s announcement, the IMDDA Advisory Board expands to 17 members.
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, trading / investment strategies, operations, compliance and adherence to regulation. 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 professionals. The IMDDA’s mission is to work with the investment management community to set the standards for due diligence globally. Through its professionals-only membership, seminars, web site, customized educational training and Chartered Due Diligence Analyst (CDDA) 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.
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