ADIN for Schroders Capital

Institutional Infrastructure for GP Due Diligence

1. Schroders Capital Context

Schroders Capital is a global private markets platform with:

• A multi-manager and multi-strategy investment approach across private equity, private debt, infrastructure, and real assets
• Established manager selection capabilities and disciplined risk management
• A structured approach to ESG integration and reporting across portfolios
• Global investment and operational scale, driving consistency in underwriting standards and governance

Current industry conditions create rising volume in manager evaluation, expansion of specialist strategies, and increased expectations from clients regarding transparency and process robustness.

2. The Structural Problem with GP Diligence at Scale

Institutional LPs face a persistent structural problem:

• GP universes continue to fragment, increasing the number of managers requiring full diligence
• Information sets are heterogeneous, unstructured, and cannot be normalized efficiently
• IC materials rely heavily on manual analyst synthesis
• Historical knowledge is difficult to retrieve, compare, or apply consistently across teams
• Scale pressures increase operational risk: inconsistent scoring, variable memo quality, and knowledge trapped in individuals rather than systems

Outcome: Even large LPs with strong processes face throughput limits, inconsistencies, and rising cost per completed manager evaluation.

3. What ADIN Is: Institutional Diligence Infrastructure

ADIN is an institutional infrastructure layer that standardizes how LPs evaluate GPs.

Core design principles:

• Neutral architecture that reflects allocator workflows
• Structured data model for manager evaluation, evidence, and scoring
• Auditability and repeatability for IC-grade underwriting
• Horizontal research layer supporting analyst leverage and knowledge extraction

ADIN is not a sourcing platform, marketplace, or partnership model. It is infrastructure for disciplined, repeatable GP due diligence.

4. ADIN Platform (Vertical Product)

A vertical product focused on structured GP evaluation, enabling consistent decision-quality output.

Capabilities:

• Standardized GP evaluation framework tailored to allocator needs
• Structured scoring across team, track record, strategy, risk, ESG, and governance
• Evidence-linked assessments: every scoring input tied to documents or data
• Automatic IC-ready memos in Schroders tone and structure
• Comparative analytics across managers, vintages, and strategies
• Full audit trail for oversight and risk control

5. ADIN Chat (Horizontal Product)

A research and analyst-leveraging tool that sits across all documentation and data.

Functions:

• Rapid synthesis of GP documents, references, data rooms, market materials
• Immediate retrieval of prior analyses, memos, and team knowledge
• Cross-portfolio comparison and pattern recognition
• Drafting assistance for diligence questions, follow-ups, and section-level IC content
• Analyst leverage without altering Schroders workflow or decision frameworks

ADIN Chat is horizontal: it supports research across the entire private markets platform.

6. How ADIN Platform and ADIN Chat Work Together

• ADIN Chat handles broad research and analysis across documents, history, and prior work
• ADIN Platform converts that knowledge into structured, auditable GP evaluations

Combined, they allow Schroders to:

• Increase throughput of manager assessments
• Improve consistency of IC materials
• Reduce manual synthesis time
• Strengthen risk control via standardized evidence-based scoring

The two products together form a complete diligence infrastructure stack rather than a workflow replacement.

7. 4-6 Week Pilot Proposal

Objective: Validate impact on Schroders' diligence throughput, memo quality, and analyst leverage.

Scope:

• 3-5 active GP evaluations processed through ADIN Platform
• Access to ADIN Chat for team-wide research use
• Joint calibration: scoring rubric, memo structure, evidence taxonomy
• Weekly check-ins with defined success criteria
• End-of-pilot: assessment of time savings, consistency gains, and IC readiness

Deliverables:

• Completed IC-ready memos
• Comparative scoring outputs
• Pilot evaluation summary and deployment recommendation

8. Enterprise Deployment Path

A straightforward institutional deployment model.

Phase 1 - Configuration

• Align on scoring framework, IC memo formats, ESG integration fields
• Map internal data sources (documents, prior memos)

Phase 2 - Rollout

• Extend access to relevant investment teams
• Apply governance controls and audit settings
• Integrate portfolio-level comparables

Phase 3 - Scale

• Broader private markets coverage
• Optional integrations (document repositories, data rooms)
• Ongoing model tuning based on Schroders' internal standards

This is not a partnership structure; it is standard enterprise software deployment.

9. Strategic Fit with Schroders Capital

Direct alignment with Schroders' priorities:

• Enhances consistency and governance in multi-manager evaluation
• Increases throughput without increasing headcount
• Strengthens ESG evidence capture and auditability
• Supports global teams with a unified diligence infrastructure
• Reduces key-person risk by capturing institutional knowledge in system
• Improves client-facing transparency and reporting

ADIN acts as an accelerator for Schroders' existing strengths rather than altering its investment approach.

10. Next Steps

• Confirm pilot scope (3-5 GPs, 4-6-week window)
• Identify team leads and IC templates to align ADIN output
• Establish access for relevant analysts and PMs
• Kick off calibration session (scoring, ESG fields, memo structure)
• Begin GP uploads and workflow execution
• Mid-pilot and end-pilot reviews
• Enterprise rollout decision

ADIN for Schroders Capital

Building Institutional GP Diligence Infrastructure