iLEVEL,
the cloud-based software provider to the private capital market, today
announced that RCF Management L.L.C., the advisor to Resource
Capital Funds (“RCF), has selected the iLEVEL
Private Capital Data Platform to track the performance of its
investments in mining and mining-services companies located on 6
continents. Fund managers leverage iLEVEL to replace manual, error-prone
and complex data collection processes, accelerate reporting and expedite
performance measurement to drive value creation. The Denver-based
private equity firm is currently investing its sixth fund, Resource
Capital Fund VI L.P., with committed capital of $2.04 billion and
manages approximately US$1 billion of assets through its three other
active private equity funds, Resource Capital Fund V L.P., Resource
Capital Fund IV L.P. and Resource Capital Fund III L.P.
“Our ability to demonstrate value creation and build businesses is based
on a combination of comprehensive analysis of investments and partnering
with talented management teams,” said Sherri Croasdale, Chief Financial
Officer, RCF. “We need to efficiently measure the performance of our
funds and portfolio companies and chose iLEVEL to help us monitor cash
flows and various other metrics.”
“Private equity firms have rapidly become key players in the mining
industry with significant pools of capital seeking outsized returns from
the sector,” said Rick
Kushel, CEO of iLEVEL Solutions. “We are excited that RCF a
specialist and veritable leader in the space, has selected the iLEVEL
platform to measure investment performance and welcome them to our community.”
The number
of firms on iLEVEL has doubled in the
past year and now includes 8 of the world’s 15 largest private equity
firms, a significant number of middle-market fund managers as well as
institutional investors. Clients of iLEVEL account for 1 in every 4
dollars raised by fund managers during the last ten years. In addition,
the platform hosts half a billion data points for nearly 750 funds
invested in over 6,000 portfolio companies.
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 2014