iLEVEL,
the cloud-based software provider to the private capital market,
announced today that First Reserve has selected the iLEVEL
Private Capital Data Platform to streamline their portfolio data
collection process, and to manage the performance data of their large
and diverse portfolio of energy assets. First Reserve is the largest
global private equity and infrastructure investment firm exclusively
focused on energy, with operations spanning the energy spectrum from
upstream oil and gas to midstream and downstream, including resources,
equipment and services, and infrastructure.
“We have been in the market for a long time for a system that could
handle our complex and vast portfolio of energy-related companies. Our
investment process relies on numerous data points, so we need portfolio
information in a single reliable platform which allows us to focus on
investing and not on organizing our data,” said Jennifer Zarrilli,
Managing Director and CFO of First Reserve. “As we continue to pursue
investment opportunities throughout the energy value chain, we expect
iLEVEL to streamline our internal process and ultimately result in an
optimized process for our investors.”
General Partners on iLEVEL track portfolio performance data, including
financial and operating metrics, and company-specific indicators in a
single, centralized repository. This single source of the truth enables
a higher level of performance reporting and increases the efficiency of
both investment decisions and operations in a diverse, active portfolio
like First Reserve’s.
“First Reserve is an extremely prominent energy investment firm, and
their selection of iLEVEL further validates the platform’s suitability
across industry groups and for funds of all sizes,” said Kevin Black,
CEO of iLEVEL. “The year 2014 has been one of rapid growth across
different types of private capital clients for iLEVEL, and we are
excited to have First Reserve as one of those new clients.”
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 First Reserve
First Reserve is the largest global private equity and infrastructure
investment firm exclusively focused on energy. With over 30 years of
industry insight, investment expertise and operational excellence, the
Firm has cultivated an enduring network of global relationships and
raised more than USD $30 billion of aggregate capital since inception.
First Reserve has completed more than 475 transactions (including
platform investments and add-on acquisitions), and its portfolio
companies have significant operations on six continents. These
operations span the energy spectrum from upstream oil and gas to
midstream and downstream, including resources, equipment and services
and infrastructure. First Reserve has offices in Greenwich, CT; Houston,
TX; London, U.K. and Hong Kong. Please visit www.firstreserve.com
for more information.
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