ILevel, the leading portfolio monitoring, analytics and transparency platform for the global private capital markets, has been selected by private equity firm Permira to manage their portfolio data.
Established in 1985, the Permira funds have made over 200 private equity investments internationally, with total committed capital of approx. €25 billion. The Permira funds invest primarily in consumer, financial services, healthcare, industrials, and technology sectors.
"Given the complex nature of our funds' investments, we needed a system that was both flexible and easy to manage," said Jörg Rockenhäuser, Partner at Permira. "iLEVEL will enable us to centralize data across a diverse portfolio and maintain high levels of confidence in the numbers we use internally to drive decision making and externally to communicate results."
In addition to ensuring greater data transparency, iLEVEL's automated data collection capabilities will help Permira reduce the administrative burden on their deal team.
"We are delighted to welcome Permira to the iLEVEL community," said Melissa Ferraz, Vice President, EMEA Client Development of iLEVEL. "Their need to efficiently manage a large and complex portfolio within a highly collaborative culture makes them the perfect fit for the iLEVEL platform."
iLEVEL significantly expanded their presence in the European market last year, launching their London-based operations and opening a European data centre in the United Kingdom.
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.