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iLEVEL Solutions, the cloud-based software provider to alternative asset managers, today announced that Welsh, Carson, Anderson & Stowe (“WCAS”), a private equity firm exclusively focused on information/business services and healthcare, has selected the iLEVEL platform to streamline its quarterly portfolio review process and gain actionable insights on investment performance. Private equity fund managers leverage iLEVEL to automate data collection, fast-track portfolio company valuation, accelerate reporting and expedite performance measurement. GPs use the actionable insights gained to propel value creation in their investments.
“Before iLEVEL, we internally aggregated our portfolio company operating data to produce reports for our quarterly reviews,” said Jonathan Rather, General Partner & Chief Financial Officer, WCAS. “Using iLEVEL will dramatically improve the process for running analysis on our 35 portfolio companies. Enhancing our quarterly review process enables us to leverage our core strengths of industry specialization and operational focus.”
The iLEVEL customer base has doubled in the past year and now includes 5 of the world's 8 largest private equity firms as well as a significant number of middle-market firms. Clients of iLEVEL account for 1 in every 4 dollars raised by GPs during the last ten years. In addition, iLEVEL's industry-leading SaaS solution hosts over 325 million data points for 450 funds invested in nearly 3,500 portfolio companies.
“The information/business services and healthcare industries comprise a substantial part of the U.S. economy. We are excited that WCAS, a private equity firm that has played a central role in spurring the growth of major companies engaged in these industries, has selected iLEVEL to automate and streamline their quarterly portfolio review process,” said Rick Kushel, CEO of iLEVEL Solutions. “We welcome WCAS to the thriving iLEVEL community.”
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of $20 billion. The Firm is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P. See www.welshcarson.com to learn more.
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 (NYSE: BX), The Carlyle Group (NASDAQ: CG), Duff & Phelps (NYSE: DUF), Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.
iLevel Solutions
Mason Power, CMO, +1-646-561-6180
mpower@ilevelsolutions.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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