Nordic-based fund manager Sought to Centralize Portfolio Performance Data in order to Optimize Value Creation and be Better Prepared for Due Diligence Questionnaires in Next Fundraise
iLEVEL, the cloud-based software provider to the private capital market, today announced that FSN Capital Partners ("FSN") has selected the iLEVEL Private Capital Data Platform to automate the process of collecting, storing, analyzing and reporting on data across its private equity investments. Fund managers on iLEVEL can better optimize portfolio performance, more easily complete diligence questionnaires during fundraising, prepare regulatory filings, quicken and de-risk the valuation process, and report to their investors in a timely, complete and accurate manner.
FSN employs a highly successful investment strategy of targeting control buyout investments of Nordic mid-sized growth-oriented companies where the firm believes it can generate long-term alpha returns for its investors. The Nordic-based private equity firm recently closed its latest fund, FSN Capital IV, with €600 million of commitments. The fund was substantially oversubscribed.
"In our recent fundraise, we were asked in diligence questionnaires to slice and dice our track record in ways that, if done manually, would take too long and be prone to inevitable human errors. Instead, we've chosen to hire staff to create value and to license iLEVEL to automate data collection and reporting," said Morten Welo, COO & Investor Relations at FSN. "As a result, we expect to be better partners with the portfolio company management teams and be better prepared for our next fundraise."
"All of iLEVEL's clients in private equity, real estate, direct lending and other asset classes see tremendous value in scaling their business through better control of portfolio performance. We are excited to build on our momentum in Europe by adding FSN Capital Partners, a veritable leader in the Nordic private capital market, to the rapidly growing iLEVEL community," said Rick Kushel, CEO of iLEVEL Solutions.
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.