Monomoy Capital Partners Selects iLevel for Portfolio Management
Private Equity Fund Manager to Track Portfolio Operations on Cloud-Based
NEW YORK -- April 15, 2013
Monomoy Capital Partners, a New York private equity fund focused on value
investing and business improvement, and iLevel Solutions, the cloud-based
software provider to alternative asset managers, together announced that
Monomoy Capital Partners has selected iLevel for its portfolio management
platform. iLevel is an innovative, SaaS-based portfolio management platform
that automates data collection from portfolio companies into a central
database and offers Excel-based and web-based reporting.
“Monomoy drives returns for its limited partners primarily through operational
improvement of our portfolio companies so it’s critical that we have immediate
desktop and mobile access to complete, accurate and timely data on each
investment,” said John Stewart, Head of Monomoy’s Operating Group. “We
couldn’t be more excited about working with iLevel and its superior operating
One tactic Monomoy employs to improve portfolio performance is to conduct
quarterly boot camps where employees from each of its portfolio companies are
mixed together on a project team to think of and implement operational
improvements, usually on the manufacturing floor of a portfolio company. One
recent boot camp was held at Monomoy’s own offices, with the spotlight turned
to its own fund operations. One of the integral ideas generated during that
boot camp was to upgrade Monomoy’s portfolio management software to better
meet the needs of Monomoy’s growing investment portfolio.
“The ‘lean manufacturing’ movement began in the auto industry and it applies
to all of our portfolio companies and also to private equity funds. We believe
our use of iLevel will enable us to better track the key performance metrics
of our portfolio companies and react more quickly with management teams to
identify and enhance their operations,” continued Stewart.
“Every mid-market firm we work with has a unique management philosophy but
they all need current, accurate and complete portfolio company performance
data. Having driven us to full support of Mac operating systems, we welcome
Monomoy to the iLevel community and expect their team to continue to push
iLevel to new heights,” 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 (NYSE: BX), The Carlyle Group (NASDAQ: CG), Duff
& Phelps (NYSE: DUF), Hamilton Lane, Swift River Investments, and Egis Capital
Partners. For more information, please visit www.ilevelsolutions.com.
About Monomoy Capital Partners:
Monomoy Capital Partners is a private equity firm with $700 million in
committed capital under management that makes control equity investments in
middle market businesses in the manufacturing, distribution, consumer product
and food service industries. Over the past five years, Monomoy has closed over
30 middle market acquisitions, and its companies currently produce over $1.1
billion in combined sales and employ more than 4,500 people across four
continents, from North America to Asia. Monomoy implements customized business
improvement programs in all portfolio companies that reduce operating
expenses, increase profitability and encourage profitable growth.
Mason Power, +1-646-561-6180
Chief Marketing Officer
Sloane & Company for Monomoy Capital Partners
Erica Bartsch, 212-486-9500
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