Abacus Capital Group Selects iLEVEL for Portfolio Monitoring

Abacus joins a growing number of real estate investment firms using iLEVEL 

iLEVEL, the leading portfolio monitoring, analytics and data management platform for the global private capital markets, has been selected by Abacus Capital Group to manage their portfolio data. Abacus Capital Group specializes in the acquisition, redevelopment, development, management, and selling of multifamily properties throughout the US.

“With teams spread out across the US, we needed a way to ensure that everyone in the organization has access to, and is working from, the same set of data,” said Michael Aidekman, CFO. iLEVEL will help our professionals gain better visibility across our portfolio and report back to investors with greater speed and transparency. As our portfolio continues to grow, the iLEVEL platform will allow us to scale our operations more efficiently.”

In addition to helping Abacus Capital Group consolidate and manage investment data across multiple regions, the iLEVEL platform will enable the firm to better control and audit their data. The platform includes validation tools and an integrated document library that will enable Abacus professionals to track and contextualize data points at their source. Performance can be viewed on the Web, in spreadsheet models, and on iPads®, allowing for flexibility and mobility.

“We continue to see strong adoption of iLEVEL by Real Estate Investment funds,” said Michael Sala, Executive Vice President, Client Development of iLEVEL. “We are pleased to welcome such a unique firm as Abacus Capital Group to the iLEVEL community. Their ability to create value through markets in addition to their expertise investing across Core, Value-Add and ground up development directly correlates with the flexibility of 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 Capital, 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 nearly 62,000 portfolio companies.

About Abacus Capital Group
Abacus Capital Group LLC is a New York, New York-based real estate investment advisor formed in 2004, specializing in the purchase of multifamily real estate. The principals of Abacus have over 50 years of combined industry experience and have collectively purchased over $2 billion of real estate including 23,000 apartments. Abacus purchases property on a nationwide basis on behalf of its institutional and high net worth clients. For more information, visit www.abacuscapitalgroup.com.

 

About Ipreo

Ipreo is a leading global provider of financial services technology, data, and analytical services, supporting all participants in the capital-raising process including sell-side professionals, finance officers at private and public companies, institutional investors, and asset managers. Ipreo’s solutions for private capital markets are the premier choice for the private capital industry to address growing pressures for transparency and regulatory compliance. Our full range of products offers solutions for portfolio assessment, valuations, investor reporting, operating metrics, or investment performance. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 1,100 employees serving clients in every major financial hub around the world. Learn more at PCM.Ipreo.com.

 

Press Contact for Ipreo:
Lauren Weiner
lauren.weiner@ipreo.com