Newly launched Mexico City-based venture capital fund manager joins iLEVEL’s diverse private capital community
iLEVEL, the cloud-based software provider to the private capital market, today announced that INTANGIBLE Investments has selected the iLEVEL Private Capital Data Platform to automate the process of collecting, storing, analyzing and reporting on data across its investments. The Mexico City-based start-up recently closed IIFUND A and is iLEVEL’s first client headquartered in Mexico and third in Latin America after Patria Investimentos and Tribeca Asset Management.
“As a newly launched venture capital firm and business incubator, we are committed to using the best technology available, including for portfolio monitoring, and iLEVEL was a natural choice,” said, Hector Sepulveda Reyes Retana, Partner, INTANGIBLE.”
“We are excited to welcome INTANGIBLE as our first customer in Mexico,” said Rick Kushel, CEO of iLEVEL Solutions. “We now have a wide spectrum of private capital firms in our community – everyone from the smallest start-up venture funds to the world’s largest GPs.”
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. Clients of iLEVEL account for 1 in every 4 dollars raised by private equity fund managers during the last ten years. In addition, the platform hosts more than half a billion data points for 750 funds invested in over 6,000 portfolio companies.