NEW YORK--(BUSINESS WIRE)--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.
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.