The scope of the CDD determines the involvement of an external firms. I have in the past worked with PE firms that either do not have available resources to conduct the CDD or require specific expertise sitting outside their firm.
Depends. ideally it is a sector you are very familiar with and in such a situation, you should be more familiar than so called experts in the market. In these cases, you will still use third parties if the CDD is very laborious such as huge geographical coverage of multi cities, mystery shopper, undercover investigative work etc.
If you are a financial investor and not an expert in that industry, I would usually first rely on public research to get a first cut before deciding how to approach CDD and how to budget the right costs.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.