Key Takeaways
- • DiligenceVault launched Blaze, a Standard Data Layer designed to standardize due diligence questionnaire (DDQ) processes across asset management, addressing inefficiencies that cost the industry an estimated $1 billion annually in redundant work and time loss.
- • Over 80% of investor DDQ questions are similar but inconsistently formatted and phrased, forcing asset managers to duplicate efforts repeatedly and increasing operational risk; Blaze enables managers to populate diligence data once and distribute it across multiple allocators.
- • The solution was developed with input from asset allocators and managers, positioning it as an industry-driven standard rather than a top-down technology mandate, with potential to reduce operational overhead and improve transparency in due diligence workflows.
- • Monel Amin, founder and CEO of DiligenceVault, frames Blaze as creating "a common language for diligence" and "a shared foundation" that benefits both asset managers responding to inquiries and allocators seeking timely, high-quality information.
Summary
The problem is quantifiable. DiligenceVault's research indicates that over 80% of investor due diligence questions are substantively similar yet formatted and phrased inconsistently, requiring asset managers to spend excessive time and resources answering essentially duplicate inquiries in different formats. This fragmentation creates a cascade of inefficiencies—time loss, human error risk, and broader resource drain. Across the asset management industry, these cumulative inefficiencies represent approximately $1 billion in annual costs and lost productivity.
Blaze addresses this challenge through a unified framework. Rather than requiring asset managers to reformat and re-answer the same diligence questions for each allocator separately, Blaze allows managers to populate diligence data once and distribute it broadly to multiple stakeholders. The system standardizes how diligence information is captured, formatted, and shared, reducing operational overhead while improving data consistency and transparency throughout the due diligence process.
The solution's design reflects industry collaboration. DiligenceVault developed Blaze with direct input from both asset allocators and asset managers—the stakeholders most affected by current inefficiencies. This client-centric approach distinguishes Blaze as an industry-driven standard rather than a vendor-imposed technology. According to Monel Amin, founder and CEO of DiligenceVault, the core insight driving the product is straightforward: "Our clients have told us what the industry needs most: a common language for diligence." By establishing this shared foundation, Blaze aims to make it "exponentially easier" for asset managers to respond to diligence inquiries while enabling allocators to access timely, high-quality information—a structural improvement with potential to reshape how institutional investors and asset managers interact on due diligence.
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