fbpx

  • Private Equity

    Private equity and venture capital managers

  • Credit

    Private debt, CLOs, and public credit

  • Fund Administrators

    Fund administrators serving private capital

Back Office

Investor Relations

Investment Management

Data Management

Front Office

Investor Relations

Back Office

Technology Partner

Data Management

Back Office

Data Management

Investor Relations

Data Collection

Purpose-built for your investment strategy and fund lifecycle

Firm Type

Investment Stategy

Emerging Managers

Allvue monthly newsletter

Sign up to receive regular updates on Allvue's content, award wins, product releases, and more.

SIGN UP HERE

Type

Topic

Allvue monthly newsletter

Sign up to receive regular updates on Allvue's content, award wins, product releases, and more.

SIGN UP HERE

Allvue

NEW

Allvue + PFA Solutions

DORA Will Require More from Alternative Fund Managers

By: Iryan Clunis

EMEA Head of Sales
December 6, 2024

The Digital Operations Resilience Act (DORA), set to take effect in January 2025, marks a transformative moment for the financial services industry, including private equity fund managers. DORA is designed to bolster firms’ resilience to IT disruptions, including cyberattacks, by imposing rigorous requirements and compliance mandates. For private equity managers, the implications are profound, encompassing internal governance, third-party oversight, and data security.  

In this landscape of heightened scrutiny, trusted partners can empower firms to navigate DORA compliance and support the operational resilience needed to thrive. 

Navigating the New Reality of DORA 

Under DORA, private equity managers face a host of new responsibilities: 

  1. Internal Governance: Developing frameworks to manage and mitigate IT disruptions. 
  2. Third-Party Oversight: Cataloging service providers and ensuring their adherence to stringent security protocols.
  3. Ongoing Risk Mitigation: Maintaining operational resilience in the face of potential disruptions. 

These demands require robust preparedness, and technology partners who are prepared to stand with private capital markets firms to meet the moment. 

Preparing for DORA Compliance 

At Allvue, we recognize that compliance is not just about meeting regulatory mandates—it’s about fostering trust and empowering clients to operate with confidence. Here’s how Allvue works with clients regarding DORA: 

1. People

  • Investments in People – Allvue has hired cybersecurity and data privacy experts, who have spent time understanding the impact of DORA for our clients. They have developed a standard process, with specific commitments to work with our clients toward their DORA objectives.

2. Operational Processes

  • Documentation and Audit Support: DORA will require new, more complex collaboration between financial orgs and their many vendors. Allvue has implemented processes that will empower firms to handle audit and documentation requests seamlessly.   

3. Technology Solutions 

  • Digital Trust Center: Will enable seamless collaboration and accelerate due diligence activities, providing clients with a centralized hub for compliance needs. Will help customers get what they need in a timely way. 
Safeguarding Against Risk: Building a Resilient Foundation 

DORA compliance is not just about technology; it’s about demonstrating operational resilience and a commitment to safeguarding client data. Allvue’s robust safeguards set the standard: 

  • Cybersecurity Expertise: Allvue has a full-time risk management team with deep financial services experience to ensure proactive threat mitigation. 
  • Certifications & Audits: SOC 2, Type I and II certifications affirm our dedication to best practices in data security. 
  • Incident Response: Comprehensive protocols enable quick recovery in the event of disruptions. 
  • Third-Party Risk Management: Ongoing evaluations of our third-party relationships reinforce our clients’ compliance posture. 
Leading the Way Through Collaboration 

As the financial industry prepares for DORA, Allvue is not just a technology provider—we’re a collaborative partner. By aligning our efforts with the needs of our clients, we aim to make DORA compliance seamless and effective. 

  • Preparing for the Future: Just as we guided clients through the rollout of GDPR, we’re here to support our clients with DORA. 
  • Proactive Engagement: By anticipating the needs of our European clients, we’re helping firms stay ahead of regulatory demands. 
Conclusion: Trust Allvue for DORA Compliance 

The introduction of DORA heralds a new era of regulatory rigor, but it also presents an opportunity for firms to strengthen their operations. At Allvue, we are committed to empowering our clients with the tools, expertise, and resilience they need to thrive under DORA. 

Let’s build a more resilient financial future together. Reach out to learn how Allvue can support your compliance journey. 

More About The Author

Iryan Clunis

EMEA Head of Sales

Iryan Clunis is an experienced sales leader currently serving as the EMEA Head of Sales at Allvue Systems, an alternative investment platform helping private capital managers, allocators, and administrators scale across all strategies and markets. With over 15 years of experience, Iryan has held key leadership roles at top global firms, including BlackRock, where he served as the EMEA Head of Business Development for Aladdin Alternatives and as EMEA Head of Sales for eFront Insight. Iryan's expertise spans alternative investments, financial technology, and business development, having also worked with organizations like Moody’s Corporation, FIS, and SunGard Financial Systems. Before his corporate career, he played professional rugby for the Worcester Warriors, building a foundation in teamwork and leadership.

Most Popular

Skip to content