Universities Superannuation Scheme (USS) Investment Management has partnered with digital diligence platform, DiligenceVault.

The partnership is expected to enhance USS Investment Management's manager oversight capabilities with the creation of a digital hub for its operational due diligence, responsible investments and investment teams.

This will give USS Investment Management the ability to leverage DiligenceVault's technology, and pool of over 4,000 asset managers, in order to simplify the process of collecting, centralizing, analysing, and reporting on key investment and risk data.

The partnership is also expected to benefit USS Investment Management's asset manager partners, by fostering more regular dialogue and acting as an addition to the monitoring infrastructure.

Commenting on the announcement, USS Investment Management Deputy CEO, Howard Brindle, stated: “As we’re ensuring all of our processes across the firm are best-in-class, we knew we wanted to leverage technology to help us do that for all things diligence-related.

“DiligenceVault offers us the ability to use one tool to centralise our fund data collection and due diligence documents.”

DiligenceVault founder, Monel Amin, added: “We are excited to bring our digital diligence platform to the USS Investment Management team.

"We expect that our centralized platform will accelerate collaboration between their team(s) and their asset managers in a world of increased virtual due diligence.

"We’re thrilled to deliver value and drive efficiency to USS Investment Management which speaks to the universal adaptability of the DiligenceVault platform as the industry continues its digital transformation."

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