NEW YORK--(BUSINESS WIRE)--iLEVEL, the cloud-based software provider to the private capital market, announced today that Comvest Partners has selected the iLEVEL Private Capital Data Platform to monitor and analyze portfolio performance. Comvest Partners is a multi-strategy investment firm based in West Palm Beach, Florida that specializes in providing equity and debt capital to middle-market companies in the U.S.
Private capital fund managers use iLEVEL to better control performance data for each asset in the portfolio so that the entire organization can leverage a single source of the truth. This consolidated data can be used to realize trends in investment performance and better explain returns to limited partners, who are looking for an increasing amount of information. The cloud-based central repository of data also allows fund managers to filter performance data to satisfy diligence questions from LPs during fundraising.
“Our investment strategy of investing debt and equity across multiple funds means we have a heightened need to take control of performance data and we want to issue the highest level of investor reporting,” said Cecilio Rodriguez, CFO of Comvest Partners. “iLEVEL was the logical choice for us and we look forward to the benefit of automating what has been a tedious and manual process.”
“iLEVEL continues to deliver value to private capital managers across the asset spectrum and we welcome Comvest to the growing iLEVEL Community,” said Kevin Black, CEO of iLEVEL. “Increasingly, fund managers turn to software to take control of regular reporting from portfolio companies and more firms choose iLEVEL than all other vendors combined.”
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. Four thousand iLEVEL users span the globe, tracking over 700 million data points across 7,000 portfolio companies.
About Comvest Partners
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. With over $1.3 billion of assets under management, the firm includes seasoned, senior level operating executives who partner with management and entrepreneurs to grow businesses and create long-term value. Since 2000, Comvest has invested more than $1.6 billion of capital in over 115 public and private companies. For more information, visit www.comvest.com.
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. The market-changing platform monitors the portfolios of 7 of the top 10 private equity firms in the world, including Blackstone, KKR, and Apollo. 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.