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The primary areas of focus for the survey are centered around the asset management industry's reliance on extensive information exchange between fund managers and investors for both fundraising and ongoing client engagement, how they manage various due diligence processes, and how they are seeking to build success. Key insights include:

Asset managers with growth ambitions need to invest in their investor relations function. Only 5% of managers with AUM between $1bn - $10bn receive between 100-500 requests per year. That number jumps significantly to 46% for managers in the $10bn - $50bn range.

As investors request greater transparency, their custom DDQ requests have increased. Nearly 70% of investors request custom DDQs and RFIs, and/or send follow-ups.

ESG data collection is a clear priority, and firms of all sizes and strategies continue to see higher volumes. 76% of firms saw an increase in ESG DDQs from last year.

Larger and growing firms prioritize technology adoption to help navigate a complex fundraising and investor engagement environment and deliver a sustainable competitive advantage for their firm. 66% of managers with AUM > $100bn use dedicated RFP/DDQ technology.

Monel Amin, Founder and CEO of DiligenceVault, commented: "We are thrilled with the overwhelming survey response. The resulting insights help understand the asset manager's experience, especially in an environment where there is a significant increase in complexity for the investor relations teams, with increasing volume, topics, and frequency of due diligence. They serve as an industry benchmark for formulating investor relations technology strategies in response to this rising complexity. At DiligenceVault, we continue to see this reflected in increased demand for a modern investor relations technology that is industry-specific, with connectivity to the investor base, that delivers centralization and efficiency."