kaal:claim:2811718-005

Almost no guidance exists on the standards applicable to private fund investor due diligence, so despite the growing importance of due diligence in capital formation and in litigation the industry is left mostly to its own devices to ensure adequate standards.

Little to no guidance exists on applicable standards for IDD.18 Despite the increasing relevance of IDD in the capital formation and allocation process, and IDD litigation, the industry is mostly left to its own devices to ensure adequate due diligence standards apply.

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016), I. Introduction, p. 9
https://ssrn.com/abstract=2811718 · source PDF

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

• United States private fund industry
• as of 2016

failuresupport: arguedfailure: standards vacuum in private fund due diligencefamily: harmonization-and-standardization-failurelaw-and-legal-systems

• restated_by kaal:claim:2998097-028 Despite the rising relevance of investment due diligence and increasing due diligence litigation, the private ...
• restated_by kaal:claim:2998097-030 The legal standards applicable to private fund investor due diligence are somewhat inconsistent and suboptimal...

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