Episode Summary:

In this episode of The Allocation Agenda, host Steve MacDonald is joined by Jason Windt, Director of Operational Due Diligence (ODD) at M&G Investments, to explore how data and technology are transforming operational risk management in private equity and impact investing. With oversight of over 500 funds across a team of just three people, Jason offers rare insights into the tools, strategies, and frameworks M&G is leveraging to scale ODD, reduce risk, and drive better investment outcomes.

From automating DDQs to integrating scorecards and centralizing workflows, Jason shares the critical importance of digitizing due diligence—and why embracing real-time data is now a must-have, not a nice-to-have.

What You'll Learn in This Episode:

Jason’s professional journey from PwC to HSBC and now M&G, and how his audit background informs his diligence strategy.

Why digitizing operational risk and leveraging data are the two biggest levers for long-term growth.

How Jason and his team manage 500+ funds with a lean team by automating due diligence workflows.

The shift from manual, siloed processes to real-time, integrated risk monitoring platforms.

How digital tools improve regulatory responsiveness, such as adapting to the U.S. Treasury's new outbound investment requirements.

The use of benchmarking tools to help fund managers improve operational performance.

Examples of how digital scorecards and system integration drive insightful internal reporting and collaboration.

The role of AI in compliance and due diligence—and the importance of governing its use.

Key Quotes:

“Without our digital tools, managing over 500 funds would be near impossible.”

– Jason Windt

“Digitization isn’t just about saving time—it's about making smarter, faster, and more confident investment decisions.”

– Jason Windt

“Real-time access to risk exposure and counterparty data can make the difference when markets shift overnight.”

– Jason Windt