Private equity fund manager chooses cloud-based solution to automate reporting by aggregating and enhancing portfolio company data
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.”