Industry Updates

Laven Partners and GFIA Form Joint Venture to Deliver Broader Due Diligence Coverage in Asia

Monday, January 30, 2012

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From Precy Dumlao, Opalesque Asia:

Opalesque Industry Update – Global consultancy firm Laven Partners and Singapore-based hedge fund data provider GFIA have completed a joint venture agreement to collaborate on a project that will link up their resources and processes in Asia to provide a fully comprehensive operational, due diligence and compliance service based in Singapore.

In a joint statement, the companies said that the union is the result of increased demand from Asia for global-standard consultancy services, and from the developed markets for a greater expertise in Asian funds.

“The partnership builds upon Laven Partners’ recent expansion in the US. It will see Laven Partners growing its staff in Singapore, and GFIA gaining access to Laven Partners’ established processes. Together the firms will offer a more efficient service to a local and global audience,” the joint statement said.

The combination of the two firms’ expertise and geographical coverage will place them ahead of other consultants in the field. The firms will use Laven Partners’ unique processes including its Independent Process of Operational Due Diligence Report, certified under the ISO 9001:2008 quality management certification, its Operational Assessments Reports, Operational Recommendations Report and its Compliance Internal Audit Report as well as its ongoing compliance and fund set up services.

Peter Douglas CAIA, Founder and Principal of GFIA, commented, “We are very excited to be able to work with Laven Partners, who are market leaders in the industry and known for their disciplined, scalable, and replicable consultancy and due diligence processes. We are delighted to be able to access top quality resources in the developed markets.”

Jerome de Lavenere Lussan, CEO of Laven Partners added, “We are thrilled to have entered Asia with such a reputable and established partner. GFIA’s reputation as a pioneer in Asia and the emerging markets is peerless, and we look forward to broadening our coverage into this exciting part of the world.”

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