IMDDA said that the Pennsylvania Public School Employees’ Retirement System retained the group to conduct on-site, customized due diligence educational training programs.
“In the two years since we founded the IMDDA, we have attracted hundreds of professionals as members, worked with hundreds more through our international training seminars, and helped build understanding of and appreciation for the increasingly sophisticated role of due diligence behind today’s investment programs,” said Andrew Borowiec, Executive Director of the IMDDA. “Today, we are thrilled to debut IMDDA’s first customized educational program for one of the world’s leading institutional allocators. This is an important new area of service that the IMDDA offers its members.”
“Due diligence is a vital function to our $53 billion investment portfolio and to the more than 500,000 individuals across Pennsylvania whom we serve,” said Michael Benson, Senior Investment Professional at PSERS. “The IMDDA is a strong partner to help our executives and staff better understand and embrace the concepts and practices of due diligence throughout our organization.”
In addition to the new tailored, on-site educational programs, the IMDDA provides training seminars in key cities internationally. The Fundamentals program is geared to those who want to better understand due diligence through instruction, exercises and case studies to develop their professional skillsets.
IMDDA’s Master program provides deep-dive, hands-on experience focused on specific areas of due diligence that allow participants to go back to their organizations and drive a robust, rigorous due diligence process.
Since 1917, Pennsylvania Public School Employees’ Retirement System (PSERS) has been serving the public-school employees of the Commonwealth of Pennsylvania. The number of individuals it serves has grown from 37,000 in 1919 to more than 500,000 today. Balancing stability and growth through prudent investment policies, PSERS’ assets have grown from $6 billion in 1982 to approximately $53.5 billion as of June 30, 2017.