iLEVEL,
the cloud-based software provider to the private capital market, today
announced the immediate and general availability of iLEVEL v6.6 with new
features that extend iLEVEL’s lead in the fast-growing portfolio
monitoring market. Additionally, iLEVEL is pleased to announce that BC
Partners, a leading European private equity firm with advised funds of
$17.5 billion, has selected iLEVEL to track its investment portfolio. iLEVEL’s
client list is larger than the combined lists of all its competitors.
Jerome Losson, Partner at BC Partners on selecting iLEVEL:
"In the context of optimizing our portfolio monitoring tools and
processes, we compared iLEVEL to other solutions available on the
market. We felt that the functionality it offered was best-in-class, and
were able to talk to iLEVEL clients satisfied with deployment and
support services. On this basis, the choice was clear and we look
forward to working with the iLEVEL team."
New and enhanced features of iLEVEL help Fund Managers:
-
Further streamline the collection of data across
their portfolio into a central database that acts as their
single source of truth. Improvements to the cloud-based iLEVEL
platform include advancements to the relational database design to
accommodate highly complex ownership structures across funds and funds
of funds as well as enhanced features to automate data collection for
GPs that collect on behalf of their portfolio companies or send
iLEVEL-enabled Excel templates to their portfolio company CFOs.
-
Analyze portfolio performance, connect portfolio company data to their
valuation process, and report to Limited Partners using new portfolio
analytics from iLEVEL. The iLEVEL iGet ArrayTM
function now empowers fund managers with one-click screening of their
entire portfolio. For example, a GP can return all investments that
are tracking above/below forecast or are close to tripping any debt
covenant. iLEVEL 6.6 also provides additional security features for
real-time reporting on your iPad and with these features, one of the 3
largest Private Equity firms has gone live on iLEVEL mobile for its
investment professionals and senior management.
“iLEVEL 6.6 is the ninth straight release that has been on-time and
delivered at no extra license cost to our clients. Also, unlike other
software products in the private capital market, iLEVEL upgrades don’t
require any services fees,” said Rick
Kushel, CEO of iLEVEL.
“The features in this upgrade were requested by our clients in buyout,
real estate, infrastructure, lending and our limited partner and fund of
fund clients,” Kushel continued. “Other systems that were designed as
partnership accounting work from the fund performance backwards whereas
iLEVEL builds fund performance from the ground up, beginning with the
raw data collected from portfolios, derived calculations and valuations.
All of this is auditable in a system designed to audit data collection
workflow."
“iLEVEL Mobile is the most powerful and most secure iPad-based reporting
tool in our market and after a lengthy security diligence process, it’s
a big milestone to see a top 3 firm roll it out to their staff that
travels the world to meet with investors and management teams. Their
portfolio performance will be securely available wherever they travel
and will not fall into the wrong hands should they misplace their iPad,”
said Lokesh
Seth, CTO of iLEVEL.
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. Hamilton Lane, a leading global private equity
asset management firm, has been testing iLEVEL as a replacement for its
current reporting platform for LP clients and will use iLEVEL to monitor
investments in over 2,300 funds including positions in 55,000
assets and over 650,000 cash transaction notices.
Matt Herzog, Vice President at Hamilton Lane on iLEVEL 6.6:
“The iLEVEL team listens to its clients and builds the features we need
to deliver a great Reporting & Analytics experience for our clients and
investors. With iLEVEL 6.6, we now have a system that gives us the
flexibility necessary to continue providing exceptional services to our
clients in an evolving data environment.”
Visit www.ilevelsolutions.com
for more information about iLEVEL 6.6. 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.
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