iLEVEL,
the cloud-based software provider to the private capital market, today
announced that Edison Partners, a New Jersey-based growth equity firm
that invests in information technology businesses, has gone live on the iLEVEL
Private Capital Data Platform. Growth equity and venture fund
managers on iLEVEL track portfolio performance data, including financial
forecasts and actuals, and company-specific performance indicators in a
single, centralized repository. This single source of the truth enables
a higher level of performance reporting for fund managers in venture,
buyout, real estate, credit and other private capital markets.
“iLEVEL has enabled us to deliver more complete portfolio performance
data to our team and significantly streamline quarterly reporting to our
Limited Partners. Our investment in iLEVEL enhances scalability,
transparency and consistency of reporting to our Limited Partners. We
believe growth equity and venture investors should be held to the same
reporting standards that apply to other alternative managers,” said
Chris Sugden, Edison Ventures Managing Partner. “The deployment was
seamless and both our management and portfolio companies are impressed
with the capabilities and efficiency of iLEVEL.”
“We are pleased that the Edison launch was so successful and that
another growth equity firm has realized the value of iLEVEL,” said Rick
Kushel, CEO of iLEVEL Solutions. “They are a welcome addition to our
iLEVEL community and a further testament to the platform’s relevance
across the private capital space.”
The number
of firms on iLEVEL has doubled in the past year and includes
alternative investment firms of varying sizes that employ a wide range
of investment strategies, including Real Estate, Credit, Venture Capital
and Private Equity. Leading Limited Partners and Funds of Funds are also
adopting iLEVEL. 4,000 iLEVEL users span the globe, tracking over 700
million data points across 7,000 portfolio companies.
About Edison Partners
For 28 years, Edison Partners has been helping CEOs and their executive
teams navigate the entrepreneurial journey to becoming successful
companies. Through the unique combination of early growth equity and the
Edison Edge platform, consisting of strategic advisory, the Edison
Director Network, and executive education programs, Edison employs a
holistic approach to nurturing invention and creating value for
growth-stage businesses ($5 to $20 million in revenue) in financial
technology, healthcare IT, enterprise IT, and interactive marketing
industries. Edison investment objectives also include: buyouts,
recapitalizations, spinouts and secondary stock purchases. The Edison
portfolio has created aggregate market value exceeding $5 billion. Its
long-tenured team, based in Lawrenceville, NJ, New York, NY, McLean, VA
and Cleveland, OH, currently manages more than $850 million in active
investments throughout the eastern United States.
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