Lestrade Insights

 
 

The Co-Managed ODD Manifesto: Why Every Allocator Needs an Independent Partner

Operational Due Diligence (ODD) exists to protect investor capital.
Not by guessing returns. But by testing readiness.

Can this manager safely steward your capital—today and tomorrow?

That’s the real question.
And answering it means going beyond checklists and boilerplate.
It means understanding the infrastructure that supports the strategy—controls, governance, outsourcing, and resilience—and identifying issues before they become risks.

At Lestrade, we believe there’s a smarter way to do it.
A way that’s not slow or siloed.
A way that doesn’t force you to choose between doing it all in-house or handing it over.

We call it co-managed ODD.
And it’s built to give you clarity, speed, and alignment—without friction.

Why This Manifesto

Across asset classes, mandates, and geographies, we’ve seen the same story play out.

ODD becomes a formality.
Or it becomes a bottleneck.
Or it stays in-house out of habit—not conviction.

But here’s the thing:
The best allocators don’t think in extremes.
They know that managing risk well isn’t about “make or buy.” It’s about balance.
About blending internal insight with independent perspective.

Especially now—
With rising regulatory pressure,
Real ESG and impact mandates,
And an industry moving faster than ever—
You need ODD that can move with you.

The question isn’t “Should we partner?”
It’s “What kind of partner actually makes us better?”

Our Purpose: Remove Friction. Unlock Confidence.

Lestrade exists to remove friction from operational due diligence—so your team can move faster, ask better questions, and act with full clarity.

We bring:

  • Deep public and private markets expertise

  • Rigorous risk-reduction frameworks

  • Fast, responsive execution

  • Truly independent judgment

  • A co-managed model that fits into your team—not over it

Built for Today’s Complexity

Lestrade wasn’t retrofitted for ODD. We were designed for it.

From the start, we built our model to address what internal teams and traditional consultants often can’t:

  • Keep up with compressed timelines

  • Communicate clearly with asset managers

  • Stay unbiased, without cross-selling or hidden agendas

  • Surface non-obvious insights from across networks

  • Stay agile when mandates, regulation, or investment strategies evolve

This isn’t about tweaking the process.
It’s about rethinking how ODD works—so that when complexity rises, you’re ready.

What Co-Managed Looks Like

Co-managed doesn’t mean losing control.
It means gaining capacity.

You stay in the loop—but not in the weeds.
Your team reviews, questions, and shapes the output.
We drive the process, bring speed and rigor, and keep everything visible through our online portal.

It’s a shared model. A trusted extension of your internal oversight.

A Call for Smarter ODD

We don’t believe ODD should be a hurdle—or a black box.
We believe it should be a source of confidence.
A tool for better decisions, clearer accountability, and stronger relationships.

If you're still relying solely on internal ODD, ask yourself:
→ Is your team built for today’s pace and complexity?
→ Do you have full visibility—or just familiarity?
→ Are you managing risk, or managing tradition?

Every Asset Allocator deserves an ODD partner

Not to replace internal teams—but to empower them.
Not to slow down investments—but to protect them.
Not to check boxes—but to elevate insight.

That’s the future we’re building at Lestrade.
Not just for our clients—but with them.

Curious what co-managed would look like in your world? Let’s start with one review—and show you what’s possible.

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