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McCarthy Capital selects iLEVEL for portfolio monitoring

Thu, 19/06/2014 - 11:48

Private equity firm McCarthy Capital has selected the iLEVEL Private Capital Data Platform to streamline its portfolio company data collection.

McCarthy manages more than USD900 million of committed capital in a mix of growth equity investments, recapitalisations and management buyouts.
 
iLEVEL enables fund managers to automate performance reporting from portfolio companies and establish a single source of truth that can be used for portfolio reporting, valuation, regulatory reporting, fundraising and investor reporting.
 
“At McCarthy, we grow businesses in partnership with the management teams of a diverse set of portfolio companies,” says Teri Mercer, director of finance at McCarthy Capital. “iLEVEL will enable us to more efficiently track financial and operating metrics across our portfolio and allow our investment professionals to spend more time on doing deals. Being on iLEVEL will make us stronger partners with our portfolio companies and offer increased transparency to our investors.”
 
“Many private capital investors face the challenges of onerous data collection with limited operational resources. iLEVEL creates efficiency for clients of various sizes so they can focus their resources on value creation for their investors,” says Rick Kushel, CEO of iLEVEL Solutions. “We are thrilled to add McCarthy Capital to our growing number of clients in the Midwest and continue our expansion into middle market firms.”


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