THE STANDARD

The 2026 standard for fiduciary care includes how capital moves

For years, private equity's money movement controls were accepted as sufficient. Callbacks, confirmations, and manual tracking were considered reasonable care. In 2026, that era is over — and the firms that recognize it first will define what responsibility looks like for the rest of the industry.

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WHY THE STANDARD CHANGED

Three forces made the old model untenable

AI-enabled fraud made manual controls exploitable at scale

Callbacks, email confirmations, and human double-checks were designed to stop occasional, skilled attackers. AI-generated voice, video, and email impersonation now defeats those methods cheaply and repeatably — turning controls that once felt prudent into an attack surface.

LP operational due diligence deepened — the majority now rank operational transparency above historical performance

Institutional investors examine how capital moves before they commit, not only how it performs. Survey data from LP communities shows most now weight operational transparency above track record when evaluating new manager commitments, with money movement controls examined directly in operational due diligence.

Regulatory scrutiny on fund operations controls is intensifying

The SEC has repeatedly sanctioned private markets firms for calculation errors and traceability gaps, not only for misconduct. Firms are increasingly expected to demonstrate how amounts were derived and how payment instructions were verified — making documented, auditable process the baseline expectation.

WHAT THE NEW STANDARD REQUIRES

Verified Money Movement — defined:

• Closed-loop data model — PII is never collected, stored, or transmitted by 6lock staff
• No email-based PII exchange — banking details are authenticated by owners directly on the platform
• Continuous KYC/KYB — automated identity monitoring, not point-in-time checks
• Bank-grade encryption — all data in transit and at rest
• Immutable audit records — every transaction logged with tamper-evident integrity

RESEARCH & REPORTS