Comvest Partners has selected the iLEVEL Private Capital Data Platform to monitor and analyse portfolio performance.
Comvest Partners is a multi-strategy investment firm based in West Palm Beach, Florida that specialises in providing equity and debt capital to middle-market companies in the US.
Private capital fund managers use iLEVEL to better control performance data for each asset in the portfolio so that the entire organisation can leverage a single source of the truth. This consolidated data can be used to realise trends in investment performance and better explain returns to limited partners, who are looking for an increasing amount of information. The cloud-based central repository of data also allows fund managers to filter performance data to satisfy diligence questions from LPs during fundraising.
“Our investment strategy of investing debt and equity across multiple funds means we have a heightened need to take control of performance data and we want to issue the highest level of investor reporting,” says Cecilio Rodriguez, chief financial officer of Comvest Partners. “iLEVEL was the logical choice for us and we look forward to the benefit of automating what has been a tedious and manual process.”
“iLEVEL continues to deliver value to private capital managers across the asset spectrum and we welcome Comvest to the growing iLEVEL Community,” says Kevin Black, CEO of iLEVEL. “Increasingly, fund managers turn to software to take control of regular reporting from portfolio companies and more firms choose iLEVEL than all other vendors combined.”
