Norwegian private equity firm Herkules Capital has selected the iLEVEL Private Capital Data Platform to streamline its portfolio monitoring process and to create more efficiency in its investor reporting process.
Herkules Capital invests in companies based in the Nordic region, primarily in Norway.
“After a thorough analysis of the portfolio monitoring systems available in the marketplace, we selected iLEVEL. It will allow us to maintain most of our data in a single platform, where we can easily access it for investment analysis, marketing and quarterly investor templates,” says Adele Norman Pran, CFO of Herkules. “iLEVEL will take a resource intensive process and make it efficient and user-friendly.”
iLEVEL is a cloud-based solution that enables fund managers to automate their data collection process so that important resources can stay focused on value creation. Performance data resides in a single repository, where it can be formatted in a variety of ways and accessed through the web, an existing excel model, or through an iPad. Data housed in iLEVEL empowers managers with actionable insights for investment decisions and investor reporting with its cross-portfolio analytics and its real-time reporting.
“Today, top private capital managers operate in an era of increased portfolio visibility. iLEVEL allows them to provide detailed performance information in an investor specific format, which is automatically generated quarterly. This means fund managers can spend their time investing,” says Kevin Black, CEO of iLEVEL. “We are excited to have another leading European fund manager in Herkules Capital on the iLEVEL platform.”
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 Private Equity, Real Estate, Credit and Venture Capital. Leading LPs and Funds of Funds are also adopting iLEVEL. More than 5,500 iLEVEL users span the globe, tracking over a billion data points across 11,500 portfolio companies.