Welsh, Carson, Anderson & Stowe (WCAS), a $20 billion private equity specialist investing in information services and healthcare, will use the cloud-based software provider's solution for data collection, portfolio company valuations, reporting, and performance measurement.
WCAS is the latest among a number of mid-tier general partners (GPs) who have adopted iLevel in the past year; the vendor's clients also include more than half of the largest global private equity firms.
"Before iLEVEL, we internally aggregated our portfolio company operating data to produce reports for our quarterly reviews. Using iLEVEL will dramatically improve the process for running analysis on our 35 portfolio companies. Enhancing our quarterly review process enables us to leverage our core strengths of industry specialization and operational focus," said Jonathan Rather, general partner and chief financial officer at WCAS.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails