iLevel Solutions, a New York-based provider of private equity software and reporting solutions, closed a $6m round of funding.
The investment was led by Egis Capital Partners, Swift River Investments, and Epiphany Ventures.
The capital infusion will be used to support the continued development of iLevel’s suite of software products focused on the Alternative Investment Management market, along with the expansion of business development, sales and marketing activities.
iLevel’s flagship product, The Portfolio Company Reporting System (PCRS), is a Software-as-a-Service integrated solution that enables private equity firms, venture capital and other direct investment managers to monitor the financial and operational health of their portfolio companies.
Established in January 2009, iLevel is a spin-out from The Blackstone Group (NYSE:BX) that commercializes a number of proprietary technology solutions developed at Blackstone.