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