Kelso Selects iLEVEL for Portfolio Monitoring

iLEVEL, the cloud-based software provider to the private capital market, announced today that Kelso has selected the iLEVEL Private Capital Data Platform to automate their quarterly review process and track their investment performance in greater detail. Kelso is a leading middle-market private equity firm, based in New York, which invests in a variety of industries, with a focus on energy, financial services, healthcare, and transportation & logistics.

“We realized that we had developed the need for a portfolio monitoring platform that could help us track and monitor our performance more efficiently, but wanted to make sure the technology could do everything we needed,” said Howard Matlin, CFO of Kelso. “iLEVEL has emerged as the clear leader in this space and we believe its implementation will be transformational for our business.”

The majority of private equity firms are modeled to operate leanly, with most resources dedicated to delivering investment returns. A technology like iLEVEL is designed to create more efficiency and place fewer burdens on the fund manager, while maximizing client service capability. iLEVEL allows managers of private capital to store all of their performance data in a single central repository, where they can demonstrate value creation, reduce the cost and complexity of regulatory compliance, and meet the increased demands of investor reporting. iLEVEL’s capabilities include automatically completing the reporting templates which limited partners request during fundraising and reporting to investors on an ongoing basis.

“Private equity firms exist in an environment of increased investor scrutiny and data requests. iLEVEL gives these firms a more efficient way to monitor their data, and provides the detail needed so managers can provide LPs the information they need,” said Kevin Black, CEO of iLEVEL. “We are excited to have another prominent middle-market manager like Kelso 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 Real Estate, Credit and Venture Capital. Leading LPs and Funds of Funds are also adopting iLEVEL. 4,000 iLEVEL users span the globe, tracking over 700 million data points across 7,000 portfolio companies.

About Kelso & Company

Kelso & Company is one of the most experienced and cohesive firms focused on North American middle-market private equity investing. Since 1980, Kelso has raised a total of eight private equity funds, which have made 111 investments. Kelso is currently investing its $4.9 billion Fund VIII. Kelso was founded by Louis Kelso, commonly referred to as the inventor of the Employee Stock Ownership Plan (“ESOP”). The tenets of the Kelso ESOP heritage, including a significant alignment of interest with management teams and limited partners, remain key components of the Firm’s strategy and differentiation. Kelso is based in New York, NY. For more information, visit www.kelso.com.

About iLEVEL

iLEVEL offers a market-leading cloud-based Private Capital Data Platform that empowers fund managers and investors to control information and gain actionable insights by taking data collection, investment analysis and performance reporting to a whole new level. Investors in iLEVEL include Blackstone (NYSE:BX), The Carlyle Group (NASDAQ:CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.