Blackstone Sells Self-Made Data System Backed by James to Ipreo
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Blackstone Group LP will sell an investment reporting service that it created initially for its own use to Ipreo Holdings LLC, a data provider it acquired last year.
Blackstone, the largest alternative asset manager, started iLevel Solutions in 2006 to organize performance and valuation data from its hundreds of portfolio companies and report the information to investors in its funds. It spun the service out in 2010 as a separate company.