First Reserve has selected the iLEVEL Private Capital Data Platform to streamline its portfolio data collection process and to manage the performance data of its portfolio of energy assets.
First Reserve is the largest global private equity and infrastructure investment firm exclusively focused on energy, with operations spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and infrastructure.
“We have been in the market for a long time for a system that could handle our complex and vast portfolio of energy-related companies. Our investment process relies on numerous data points, so we need portfolio information in a single reliable platform which allows us to focus on investing and not on organising our data,” says Jennifer Zarrilli, managing director and chief financial officer of First Reserve. “As we continue to pursue investment opportunities throughout the energy value chain, we expect iLEVEL to streamline our internal process and ultimately result in an optimised process for our investors.”
General partners on iLEVEL track portfolio performance data, including financial and operating metrics, and company-specific indicators in a single, centralised repository.
“First Reserve is an extremely prominent energy investment firm, and their selection of iLEVEL further validates the platform’s suitability across industry groups and for funds of all sizes,” says Kevin Black, CEO of iLEVEL. “The year 2014 has been one of rapid growth across different types of private capital clients for iLEVEL, and we are excited to have First Reserve as one of those new clients.”
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 including real estate, credit and venture capital. LPs and funds of funds are also adopting iLEVEL.
