iLEVEL,
the cloud-based software provider to the private capital market,
announced today that HitecVision has selected the iLEVEL
Private Capital Data Platform to automate portfolio monitoring for
use in optimizing investment performance and responding to LP
information requests. Headquartered in Norway, HitecVision is a leading
European private equity investor, which specializes in buyouts and
growth-stage investments in the oil and gas industry.
“HitecVision’s strong growth in recent years, combined with increased
focus on transparency in the investor landscape and new regulatory
requirements, has created a need for better control and more efficient
access to our fund and portfolio data,” said Mariann Baerheim, Chief
Operating Officer of HitecVision. “We have considered many options and
concluded that iLEVEL is the best solution available in the marketplace.
With iLEVEL, we will always know where to find the latest data for
fundraising, investor or regulatory reporting, or internal analysis.”
iLEVEL streamlines data collection for managers of private capital
allowing them more efficient access to a single verified set of facts in
a central repository. This repository tracks portfolio company data and
investment performance with real-time standardized reporting, which can
be accessed on the web, in an excel model or through an iPad. The
cross-portfolio analytics functionality empowers managers with
actionable insights for both investment analysis and investor
information, in their preferred format.
“iLEVEL will automate collection of portfolio data and provide a current
and accurate database with modern reporting tools for use by
HitecVision’s team as well for use in investor reporting,” said Kevin
Black, CEO of iLEVEL. “iLEVEL is changing the way private capital
managers organize and utilize their data and we are thrilled that
HitecVision has selected iLEVEL.”
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 and Venture
Capital. Leading LPs 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 HitecVision
HitecVision is Europe’s leading private equity investor focused on the
upstream offshore oil and gas industry. HitecVision is headquartered in
Stavanger, the center of the Norwegian oil and gas industry, and has
offices in Oslo and Houston. Since 1994, we have invested in, acquired
or established more than 150 companies (including add-on acquisitions).
For more information, visit www.hitecvision.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 2014