Monomoy Capital Partners has selected iLevel Solutions for its portfolio management platform. In January 2013 Clayton, Dubilier & Rice also chose iLevel for its portfolio monitoring platform.
iLevel Solutions offers a portfolio management platform for alternative asset managers that 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. iLevel is based in New York (www.ilevelsolutions.com).
“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 system.”
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 ideas generated during that boot camp was to upgrade Monomoy’s portfolio management software to better meet the needs of Monomoy’s investment portfolio.
“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.
Monomoy Capital Partners has $700 million in assets under management and makes control investments in middle market businesses with revenues between $50 million and $500 million in the manufacturing, distribution, consumer product and foodservice industries. Monomoy is currently investing out of its second fund, Monomoy Capital Partners II, L.P., a $420 million vehicle that closed in January of 2011. Over the past five years, Monomoy has closed over 40 middle market acquisitions, and its companies currently produce over $1.1 billion in combined sales and employ more than 4,500 people. The firm is headquartered in New York (www.mcpfunds.com).
“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,” said Mr. Stewart.
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-15-13
