Nordic-based private equity firm FSN Capital Partners (FSN) has implemented iLevel's cloud-based Private Capital Data Platform to automate data collection and reporting.
In particular, FSN will deploy iLevel to automate filling of regulatory reports and due diligence questionnaires (DDQs) used during fundraising, which will speed up its valuation process.
"In our recent fundraising period, we were asked in diligence questionnaires to slice and dice our track record in ways that, if done manually, would take too long and be prone to inevitable human errors," says Morten Welo, COO and head of investor relations at FSN. "Instead, we've chosen to hire staff and to license iLEVEL to automate data collection and reporting, and as result, we expect to be better partners with the portfolio company management teams and be better prepared for our next fundraise."
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