PRI Full Support
US Fund of Funds
Client Overview
A US‑headquartered private equity fund of funds engaged Danesmead to strengthen their PRI reporting processes, close identified gaps, and improve their overall PRI score ahead of the next reporting cycle.
Objective
The client wanted expert support to:
Identify and remediate gaps in their existing PRI responses
Implement practical process and policy improvements
Reduce internal time spent preparing the submission
Understand their score prior to receiving the official PRI Assessment Report
Key Actions
We began by conducting a detailed analysis of the previous year’s submission, highlighting where the client could gain the highest score uplift for the least operational effort. This allowed the team to place their immediate focus on efficient ‘quick wins’ whilst still planning medium- and longer-term enhancements.
Alongside the client’s gap analysis, we also reviewed 3 of their peer PRI reports, modelled their scores using our proprietary reporting tool and identified thematic areas where peers were outperforming or underperforming. This benchmarking supported the client’s prioritisation.
Following this gap analysis, we focused on aligning the recommendations with the client’s operational reality, ensuring that any changes made could be implemented effectively. We implemented the necessary changes to existing policies and processes, ensuring enhancements were not only PRI aligned, but also genuinely useful for the investment and monitoring teams.
With all enhancements implemented prior to year end, Danesmead then drafted the complete PRI report and handled the end-to-end process through to final sign-off and submission, significantly reducing the internal workload.
Because our PRI tool calculates scores in real time, the client knew their predicted score immediately, months prior to the official PRI Assessment Reports were released. This early visibility meant we could begin work straight away on the next set of improvements, ensuring changes were completed before year-end when they can still be reflected in the following cycle.
Results
The client’s score on the Selection, Appointment & Monitoring module increase by 48 percentage points.
As a fund of funds manager, small but targeted improvements – such as refining the wording of due diligence questions – delivered a meaningful score uplift with no additional workload for the investment team.
We also helped to design and implement an enhanced manager monitoring framework. Whilst this was a more significant process upgrade, it delivered tangible benefits to the team, providing the firm with more decision-useful insights on the sustainability and governance quality of their underlying managers. This supported their overall objective of taking sustainability and governance-related factors into account where they may be financially material.
By outsourcing the detailed PRI analysis, drafting, and submission, the client substantially reduced internal time spent on reporting, allowing their team to focus on investment activities rather than administrative burden.