Ipreo, a global leader of data, market intelligence and productivity solutions to capital markets and corporate professionals, acquired iLEVEL, a portfolio monitoring, analytics and transparency platform for global private capital markets.
The amount of the deal was not disclosed. Hamilton Lane as well as Duff & Phelps – a global valuation and corporate finance advisor – have agreed to roll significant portions of their iLEVEL ownership into an investment stake in Ipreo. Beyond this vested interest, both Hamilton Lane and Duff & Phelps will remain aligned with Ipreo’s Private Capital Markets division as critical strategic partners.
iLEVEL will be merged with Ipreo’s Alternative Assets group to form a new Private Capital Markets division within Ipreo, which will be dedicated to driving new levels of data quality and efficiency, while enabling private market participants to generate deeper insights, and increase allocations.
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 platform.
Led by Kevin Marcus, President and COO, Ipreo is a provider of primary new-issuance solutions and investor data to all participants in the global capital markets, enabling clients to execute deals more efficiently.
Ipreo was acquired in August 2014 by private equity funds managed by Blackstone and Goldman Sachs Merchant Banking Division, and shortly thereafter expanded into the Alternative Assets space with the acquisitions of Shareholder InSite and ClearMomentum.
Originated from within the Blackstone Group in 2006 and spun off as an independent entity in 2010 and led by Kevin Black, CEO, iLEVEL streamlines data collection, analysis and reporting, allowing private capital firms, their LPs and service providers to manage the overall data flow across their respective asset classes.
The Ipreo Private Capital Markets Division will be led by Kevin Black, current CEO of iLEVEL.