Manager Due Diligence
Assess the firm, not only its deck: attribution, process, controls and the portfolio underneath.
Manager selection is a decade-long commitment made largely on evidence the manager supplies. The difficulty is not obtaining information. It is establishing which parts of it are attributable, repeatable and verifiable.
Reuben AI structures manager diligence so the assessment rests on sourced findings, and connects it to the funds the manager runs and the holdings inside them.
Track record that can be attributed
Firm level performance rarely answers the allocator's real question, which is what this team did and which decisions were theirs. Realised and unrealised results are separated, drivers are examined, and attribution to the people presenting the record is tested against evidence.
Where attribution cannot be established, that is recorded rather than assumed in either direction.
Process, not intention
Every manager can describe a disciplined process. The assessment is whether a sample of actual deals was worked that way. Comparing described process against worked deals is what distinguishes a repeatable approach from a retrospective narrative.
Managers who run a structured, evidenced diligence process can answer this quickly, which is itself a signal.
Team, decision rights and succession
Who sources, who decides, who can veto, and what happens if a named partner leaves. Decision rights on paper and in practice often differ, and the difference matters most in a downside case.
Reference and back-channel input is captured with attribution and weighted separately from formal references, because the two are not equivalent evidence.
Look-through to funds and holdings
A manager assessment that stops at the firm misses the portfolio. Because manager, fund and holding records are connected, the assessment sits alongside the vehicles the manager runs and the companies inside them.
That is how concentration becomes visible across an allocator's book, including the same underlying company reached through more than one manager.
See manager diligence with evidence attached
Book a demo and see attribution, process and operational findings on one record.