Tribeca Asset Management Selects iLevel for Portfolio Monitoring Colombia-based private equity general partner is second Latin American fund manager to use the iLevel cloud-based platform to track performance of portfolio companies
NEW YORK, Feb. 14, 2013 /PRNewswire/ -- Tribeca Asset Management, a Bogota-based private equity firm with $380 million in assets under management, and iLevel Solutions, the cloud-based software provider to alternative asset managers, together announced that Tribeca has selected iLevel for its portfolio monitoring platform. iLevel is an innovative, SaaS-based portfolio monitoring platform that automates data collection from portfolio companies and offers web and Excel-based reporting on thousands of investment performance metrics.
Tribeca Asset Management has invested in twelve platform companies in industries including healthcare, energy generation, natural resources, infrastructure operations, industrial products and services, and consumer goods and services. Tribeca's buyout and control, growth equity investments range in size from $20 to $70 million. Investors in Tribeca's first two funds include local pension funds and international institutions.
"Tribeca's investments have provided Limited Partners the opportunity to participate in the growth of emerging economies in Colombia and Latin America. To further enhance portfolio company performance and to satisfy the reporting needs of our global investors, Tribeca turned to iLevel Solutions to automate data collection and reporting," said Felipe Iragorri, a Partner at Tribeca.
"The need for current, accurate and complete information about portfolio company performance has no borders. We are honored to have Tribeca join Patria as clients in Latin America and join other leading GPs worldwide who use the iLevel platform to improve the performance of their investments and enhance the service they provide to investors," said Rick Kushel, CEO of iLevel Solutions.
About iLevel Solutions
iLevel Solutions offers the market-leading Portfolio Management Platform for the alternative asset management market. The innovative, highly secure Software-as-a-Service technology solution automates the collection, storage, collaboration, analysis, and reporting of portfolio data. Investors in iLevel Solutions include Blackstone, The Carlyle Group, Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.
About Tribeca Asset Management
Tribeca Asset Management is a Colombian private equity fund with investments in business areas with demonstrated growth potential, through the acquisition of companies' shares, both partial and total. For more information visit http://www.tribeca.com.co/.
Contact: Mason Power
CMO, iLevel Solutions
SOURCE iLevel Solutions