Welcome!

News Feed Item

iLEVEL Releases v6.6 and Announces BC Partners As Latest Client

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 [email protected].

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.