Ipreo Announces Acquisition of iLEVEL

Jul 24 2015 | 11:16am ET

Data firm Ipreo announced the acquisition of iLEVEL, a portfolio monitoring, analytics and transparency platform for global private capital markets. iLEVEL will be merged with Ipreo’s Alternative Assets group to form a new Private Capital Markets division within Ipreo.

The newly formed Private Capital Markets division will be dedicated to driving new levels of data flexibility, quality, control and efficiency, while enabling private market participants to generate deeper insights, create more value, demonstrate performance and – ultimately – increase allocations. In the immediate term, the new division’s suite of solutions will include the iLEVEL platform, CapControls, QVAL and ClearMomentum, with plans to integrate data and technology into a comprehensive and cutting-edge platform.

“We have long seen a need for greater transparency in the alternative assets space. The acquisition and integration of a company of iLEVEL’s caliber is a clear demonstration of our commitment to deliver high-quality, innovative solutions to the private capital markets,” said Kevin Marcus, President and COO of Ipreo. “Ipreo will provide a combination of platforms, content and expertise, empowering us to bring unique solutions to market.”

“As a leader in providing world-class data solutions for the private markets, we are excited to become part of Ipreo and to further grow the company’s participation in this asset class,” said Kevin Black, CEO of iLEVEL. “Ipreo has deep expertise in capital-raising solutions, global scale and a strong leadership team. The merger of these solutions will bring long-term benefits to iLEVEL and all Ipreo Private Capital Markets clients across multiple work streams through a single integrated platform.”

Erik Hirsch, chief investment officer of Hamilton Lane and a member of the iLEVEL board of directors added, “iLEVEL has been at the forefront of linking GPs and LPs through greater communication, improved connectivity and enhanced data transparency. We view this strategic alliance as the next positive step in furthering those initiatives and believe the new Private Capital Markets division will greatly benefit from iLEVEL’s sophisticated technology, scaled commercial infrastructure and strong client presence in the private markets.”

Ipreo was acquired in August 2014 by private equity funds managed by Blackstone and Goldman Sachs Merchant Banking Division, and shortly thereafter expanded into the Alternative Assets space with the acquisitions of Shareholder InSite and ClearMomentum.

Originated from within the Blackstone Group in 2006 and spun off as an independent entity in 2010, iLEVEL streamlines data collection, analysis and reporting, allowing private capital firms, their LPs and service providers to manage the overall data flow across their respective asset classes. 

The Ipreo Private Capital Markets Division will be led by Kevin Black, current CEO of iLEVEL. Black previously served as an early member of the Capital IQ executive team where he built their global operations and helped drive growth from start-up stage to over 4,000 clients and $400 million in revenue. Prior to that he served as President of Nelson Information, and – following its sale to Thomson Financial – led Thomson’s global data product management and operations.

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