Monomoy Capital Partners Selects iLevel for Portfolio Management

NEW YORK--(BUSINESS WIRE)--

Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement, and iLevel Solutions, the cloud-based software provider to alternative asset managers, together announced that Monomoy Capital Partners has selected iLevel for its portfolio management platform. iLevel is an innovative, SaaS-based portfolio management platform that automates data collection from portfolio companies into a central database and offers Excel-based and web-based reporting.

“Monomoy drives returns for its limited partners primarily through operational improvement of our portfolio companies so it's critical that we have immediate desktop and mobile access to complete, accurate and timely data on each investment,” said John Stewart, Head of Monomoy's Operating Group. “We couldn't be more excited about working with iLevel and its superior operating system.”

One tactic Monomoy employs to improve portfolio performance is to conduct quarterly boot camps where employees from each of its portfolio companies are mixed together on a project team to think of and implement operational improvements, usually on the manufacturing floor of a portfolio company. One recent boot camp was held at Monomoy's own offices, with the spotlight turned to its own fund operations. One of the integral ideas generated during that boot camp was to upgrade Monomoy's portfolio management software to better meet the needs of Monomoy's growing investment portfolio.

“The ‘lean manufacturing' movement began in the auto industry and it applies to all of our portfolio companies and also to private equity funds. We believe our use of iLevel will enable us to better track the key performance metrics of our portfolio companies and react more quickly with management teams to identify and enhance their operations,” continued Stewart.

“Every mid-market firm we work with has a unique management philosophy but they all need current, accurate and complete portfolio company performance data. Having driven us to full support of Mac operating systems, we welcome Monomoy to the iLevel community and expect their team to continue to push iLevel to new heights,” said Rick Kushel, CEO of iLevel Solutions.

About iLevel Solutions

iLevel Solutions offers the market-leading Portfolio Management Platform for the alternative asset management market. The innovative, highly secure Software-as-a-Service technology solution automates the collection, storage, collaboration, analysis, and reporting of portfolio data. Investors in iLevel Solutions include Blackstone BX, The Carlyle Group CG, Duff & Phelps DUF, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, please visit www.ilevelsolutions.com.

About Monomoy Capital Partners:

Monomoy Capital Partners is a private equity firm with $700 million in committed capital under management that makes control equity investments in middle market businesses in the manufacturing, distribution, consumer product and food service industries. Over the past five years, Monomoy has closed over 30 middle market acquisitions, and its companies currently produce over $1.1 billion in combined sales and employ more than 4,500 people across four continents, from North America to Asia. Monomoy implements customized business improvement programs in all portfolio companies that reduce operating expenses, increase profitability and encourage profitable growth.