BelHealth Investment Partners Selects iLEVEL for Portfolio Monitoring
Healthcare private equity firm chooses the industry’s leading private capital data platform
iLEVEL, the cloud-based software provider to the private capital market, today announced that BelHealth Investment Partners (BelHealth), has selected the iLEVEL Private Capital Data Platform to automate the process of collecting, storing and reporting on investment performance and cash transaction data. BelHealth will be using iLEVEL to replace manual data collection processes, accelerate reporting, expedite performance measurement, track cash flows and calculate IRRs on the fly to enhance the performance of its portfolio companies. The buyout firm, founded in 2011, invests via its $150 million fund to take majority positions in small-cap companies within the US healthcare industry.
“The iLEVEL platform will allow us to better standardize the financial reporting of our portfolio companies as well as provide easy access to consolidated Fund performance in order to quantify the value we are creating for our investors,” said Joseph Wynne, Chief Financial and Administrative Officer, BelHealth. “The information will also allow us to better collaborate with portfolio companies and provide them the resources needed to grow their businesses.”
“Fund managers of all sizes need to control their portfolio company data so they can optimize investment performance, adhere to regulations and satisfy the operational diligence and ongoing reporting requests of institutional investors,” said Rick Kushel, CEO of iLEVEL Solutions. “We are delighted that BelHealth, a firm with deep knowledge and expertise in the rapidly growing healthcare space, has selected iLEVEL for monitoring their investments and welcome them to our community.”
The number of firms on iLEVEL has doubled in the past year and includes private equity firms of varying sizes that employ a wide range of investment strategies. Clients of iLEVEL account for 1 in every 4 dollars raised by fund managers during the last ten years. In addition, the platform hosts more than half a billion data points for 750 funds invested in over 6,000 portfolio companies.
About BelHealth Investment Partners
BelHealth Investment Partners, based in New York, is a healthcare private equity firm focused on lower middle market companies. BelHealth acquires majority positions in entrepreneur-owned companies that would benefit from its vast operating and private equity experience. The firm typically invests $10-25 million per platform company across three healthcare segments: Services, Products and Distribution and Technology. Applying an active, hands-on approach, BelHealth utilizes its experience to support management, drive revenue and profit growth to achieve superior returns for investors and partners.
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