iLEVEL,
the cloud-based software provider to the private capital market, today
announced the immediate and general availability of iLEVEL
Private Capital Data Platform 6.5. Eight of the world’s fifteen
largest private equity firms and a significant number of middle-market
fund managers use iLEVEL for automated collection, analysis and
reporting of financial, operational and qualitative data associated with
investments. The iLEVEL
customer base has more than doubled in the past year with clients of
iLEVEL accounting for 1 in every 4 dollars raised by fund managers
during the last 10 years. The platform hosts more than half a billion
data points for 750 funds invested in over 6,000 portfolio companies.
New and enhanced features of iLEVEL include:
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Data lineage and visibility into investment commentary to provide
increased transparency and governance
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Advanced data visualization and charting options in iLEVEL Mobile
and Web Analytics Portal
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Streamlined tracking, reporting and management of KPIs for a wide
range of credit instruments
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Improved administration and ease-of-use to offer an optimized user
experience
iLEVEL 6.5 includes enhancements requested by Fund Manager clients,
addresses changes requested by the Institutional Investor LPs who are
piloting iLEVEL and continues iLEVEL’s entry into new market segments
including managers of credit funds.
“We have been using iLEVEL since 2011 and have seen first-hand how
quickly the platform has evolved,” said Emily VanHuysen, Vice President, The
Carlyle Group. “This product release demonstrates that iLEVEL has a
good vision for our market and listens to its clients.”
In addition to a growing client base of fund managers, iLEVEL also
supports the needs of institutional investors who need to monitor
investment performance, track capital calls and distributions and
calculate their own IRRs. These LPs have been testing the iLEVEL
platform in parallel with their current process as part of a pilot
program that commenced in July.
“We are excited to offer the highest levels of transparency for
alternative asset classes across a variety of investment strategies with
iLEVEL 6.5,” said Rick
Kushel, CEO of iLEVEL Solutions. “The game-changing release also
marks the final phase of our pilot program with many prominent
institutional investors and we expect several LPs to soon go live on
iLEVEL.”
Visit www.ilevelsolutions.com
for more information about iLEVEL 6.5. LPs or their service providers
can learn more about iLEVEL
for Institutional Investors by emailing irr@ilevelsolutions.com.
About iLEVEL
iLEVEL offers a market-leading cloud-based Private Capital Data Platform
that empowers fund managers and investors to control information and
gain actionable insights by taking data collection, investment analysis
and performance reporting to a whole new level. Investors in iLEVEL
include Blackstone (NYSE: BX), The Carlyle Group (NASDAQ: CG), Duff &
Phelps, Hamilton Lane, Swift River Investments, and Egis Capital
Partners. For more information, visit www.ilevelsolutions.com.
Copyright Business Wire 2013