New York – August 24, 2015 – Ipreo, a global leader of data, market intelligence and productivity solutions to capital markets and corporate professionals, today announced the acquisition of iLEVEL, a leading portfolio monitoring, analytics and transparency platform for global private capital markets.
iLEVEL is merging with Ipreo’s Alternative Assets group to form a new Private Capital Markets division within Ipreo, which will be led by Kevin Black, former CEO of iLEVEL. The new division is dedicated to delivering new levels of data flexibility, quality, control and efficiency to private capital markets participants. In the immediate term, the new division’s suite of solutions will include the iLEVEL platform, CapControls, QVAL and ClearMomentum, with plans to integrate data and technology into a comprehensive and cutting-edge platform.
“The combined solutions will bring meaningful long-term benefits to clients across multiple work streams through a single integrated platform,” said Black, now EVP and Managing Director of Global Private Capital Markets for Ipreo. “We are looking forward to beginning the integration and working together to bring a new level of solutions to this asset class.”
“We are confident that the combination of iLEVEL and Ipreo platforms and content will enable us to bring a unique and innovative suite of solutions to market”” said Kevin Marcus, President and COO of Ipreo. “We’re excited to be moving forward.”
Financial details of the transaction were not disclosed.
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. By combining state-of-the-art new issuance systems with the premier global financial and investor data, Ipreo enables our capital markets clients to execute deals more efficiently, maximizing time and resources. Our applications include end-to-end bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Additionally, Ipreo’s suite of investor prospecting and CRM solutions offers the most accurate and comprehensive institutional contacts data and profiles in the industry. Ipreo is the only financial services provider to offer solutions across all asset classes for the Equity, Fixed Income, Municipal, and Syndicated Loan markets. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 800 employees supporting clients in every major financial center around the world. For more information, please go to ipreo.com.
iLEVEL enables increased allocation of capital to alternatives by empowering private capital market participants to more effectively control their data. Whether it is for portfolio assessment, valuations, investor reporting, on-demand insight into the operating metrics of a specific asset, or cash transaction monitoring, iLEVEL is the platform of choice for the private capital industry. 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. GP clients use iLEVEL to track over 11,500 assets while leading LPs track over 62,000 assets across more than 7,000 fund investments. In aggregate, iLEVEL users track over 1 billion data points across their investment portfolios. Visit www.ilevelsolutions.com.
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications
- For iLevel:
- Lauren Weiner
- (646) 747-9817