Hamilton Lane has made a “material investment” in iLevel Solutions. Financial terms weren’t announced. Erik Hirsch, Hamilton Lane’s chief investment officer, is also joining iLevel’s board. New York-based iLevel provides private equity software and reporting services.
iLevel Solutions, a leading provider of private equity software and reporting solutions, today announced it has formed a strategic partnership with Hamilton Lane, an independent financial institution that provides discretionary and non-discretionary private equity asset management services to investors worldwide, to expand the existing iLevel platform to encompass the data needs of Limited Partners.
“The vision at iLevel has always been to provide the platform to the alternative asset market that integrates all information for general partners and limited partners to monitor investments, prepare and report valuations, and exchange information. Our expansion from covering the specific data needs of general partners to covering those of the limited partners through this strategic partnership is the logical next step. More importantly, we aim to be an integral part of the solution in creating effective and efficient communication and secure data sharing between both parties,” said Rick Kushel, Chief Executive Officer of iLevel Solutions.
This partnership, which includes a material investment by Hamilton Lane in iLevel, will combine the deep domain expertise in private equity from both firms to address the increased market demand for transparent sharing of accurate, timely fund and investment data between limited partners and general partners. The partnership adds the global limited partner perspective and will accelerate iLevel’s development and delivery of a comprehensive, integrated limited partner cash management and portfolio performance platform.
The current iLevel portfolio management platform enables general partners to automate portfolio company data collection, fast-track internal valuation and reporting workflows, and quickly analyze performance for individual companies or entire funds. Importantly, by utilizing the iLevel platform, general partners have been able to more easily communicate with their limited partners.
“From our perspective at Hamilton Lane, we clearly understand that transparency and information sharing between LPs and GPs are vital to making key investment decisions,” said Erik Hirsch, Chief Investment Officer at Hamilton Lane, who is joining iLevel’s Board of Directors. “Until now, this process has been challenging and lacked uniformity and efficiency. This new platform will be a superhighway of information – fast, efficient and functional with the added capability to analyze the data. Gathering and analyzing information quickly and painlessly will be a game changer for the industry and a win/win for LPs and GPs.”
About Hamilton Lane
Hamilton Lane is an independent financial institution that provides discretionary and non-discretionary private equity asset management services to sophisticated investors worldwide. With offices in several U.S. cities, London, Hong Kong, Rio de Janeiro, Tel Aviv, Tokyo and Singapore, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private equity asset class on a global and customized basis. Founded in 1991, Hamilton Lane now has 190 employees and more than $150 billion in total assets under management and supervision, with approximately half of the client base in the U.S. and half overseas. For more information please visit www.hamiltonlane.com.
About iLevel Solutions
iLevel Solutions’ Portfolio Management Platform is an innovative, highly secure Software-as-a-Service technology solution that automates the collection, storage, collaboration, analysis, and reporting of portfolio data. iLevel provides a seamless platform that integrates all information for GPs and LPs to monitor investments, prepare and report valuations, and exchange information. This comprehensive, end-to-end platform serves as the backbone to completely integrate reporting, analytical tools, and dynamic information sharing, and includes components for Private Equity, Real Estate, Debt, and LP Reporting. Investors in iLevel Solutions include Blackstone (NYSE: BX), The Carlyle Group (NASDAQ: CG), Duff & Phelps (NYSE: DUF), Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, please visit www.ilevelsolutions.com.