AlternativeSoft is an IDD and ODD platform for allocators. Pension funds, endowments, family offices, consultants and fund of funds use it to run investment due diligence (IDD) and operational due diligence (ODD) on hedge funds and private funds from a single manager record, with AI handling the questionnaires and documents.
Investment due diligence (IDD) asks whether a manager can make money; operational due diligence (ODD) asks whether the firm can be trusted to keep it. IDD covers strategy, track record, risk, peer ranking and factor exposure. ODD covers governance, ownership, controls, valuation, service providers, compliance and the people running the operation. Allocators need both before an investment committee signs off, and most tools only do one.
Eight criteria we suggest allocators test in every vendor demo, and how AlternativeSoft answers each. Use the left column with any vendor.
| Criterion and why it matters | AlternativeSoft |
|---|---|
| Investment due diligence depth Screening, peer groups, factor and style analysis, drawdown and tail-risk statistics, private fund IRR and cash-flow analysis. Workflow-only tools stop at the questionnaire. | Full quantitative IDD suite on 500,000+ funds |
| Operational due diligence workflow Issue questionnaires, collect documents, score governance and controls, track service providers, schedule re-reviews, keep an audit trail. | Cloud ODD platform with structured questionnaires, document hub, red flags and monitoring |
| Both in one manager record Investment and operational findings on the same manager, in the same place, feeding the same committee pack. | One record per manager across IDD, ODD and reporting |
| AI document handling Parsing of DDQs, audited accounts and policies to extract terms and flag gaps or inconsistencies between answers and documents. | AI document processing and automated red flags |
| Hedge funds and private funds Many tools cover one or the other. Allocators hold both. | Hedge funds, UCITS, private equity and private credit in one universe |
| Non-US manager coverage Tools that rely on US regulatory filings say little about UK, EU, Swiss or Cayman managers. | Global coverage from questionnaires and documents, not filings alone |
| Allocator-side design Allocators issue and assess DDQs. A tool built for managers answering DDQs solves a different problem. | Built for allocators; a separate manager-side tool answers DDQs |
| Reporting to the committee Findings should become the committee pack without re-keying. | Scheduled, white-labelled reports, Power BI and Excel API |
This page is for allocators who issue and assess due diligence. If you are a fund manager who needs to answer investor DDQs faster, that is a different workflow and a different page. We keep the two apart because an allocator reviewing a manager and a manager responding to an allocator need opposite things from the software.
Bring a manager you are reviewing now. We will run the investment analytics and the operational questionnaire side by side so you see the combined record, not a demo deck.