iLEVEL Integration in Cobalt Private Markets Platform
September 20, 2017
September 20, 2017
iLEVEL & Cobalt - Better Data Control and Streamlined Workflows
Bison, a leading technology provider focused on developing innovative, analytical solutions for the private markets, today announced a new, native integration of the Cobalt GP and Cobalt LP products with Ipreo‘s iLEVEL platform.
“We continually see data just sitting in back-office systems,” said Rasmus Goksor, CEO and Co-Founder of Bison. “To do anything meaningful with their data, teams operate almost exclusively in spreadsheets, which is not only a manual process, but also insecure and difficult to scale. Our iLEVEL integration for Cobalt enables GPs and LPs to create custom analysis, automated reports and visualized data all in one platform.”
Cobalt is an innovative software platform built specifically to serve the private capital markets. It was developed jointly by Bison and Hamilton Lane (NASDAQ: HLNE), a leading global private markets asset management firm. Cobalt LP is used by institutional investors, including Hamilton Lane, to understand capital flows in portfolios, diligence managers and report on portfolio performance. Cobalt GP helps fund managers service clients with custom analysis, automated reporting and powerful visualizations. With the new iLEVEL integration, Cobalt’s platform fits even more easily into existing workflows, while also enabling better data controls, streamlining processes and aligning teams across the organization.
Hundreds of GPs and LPs globally use iLEVEL, a cloud-based solution, to streamline and consolidate portfolio data in the cloud, making it easier for them to access, update, analyze, verify and share with colleagues, auditors, investment boards and clients. The iLEVEL integration, one of several integrations available to Cobalt users, enables data flow between iLEVEL and Cobalt, allowing users to access powerful analytics and data visualization tools while conveniently using their native data.
The iLEVEL Integration
“The integration of iLEVEL onto the Cobalt platform has fundamentally shifted where Hamilton Lane’s professionals are spending their time,” said Griff Norville, Principal at Hamilton Lane and Product Manager for Cobalt LP. “The link into iLEVEL allows us to continue to move away from Excel-based spreadsheets and manual uploads, as we now have direct access to our data on Cobalt. We are entering a world where we have auditable data provisioning, automated reporting and advanced analytics at our fingertips.”
Bison is working with current Cobalt clients to support connections between Cobalt and all major back-office solutions for fund accounting and portfolio company data to help ensure that all users can benefit from a seamless integration.
Founded in 2011, Bison is a Boston-based technology company focused on innovation and disruption in the private markets. The company’s products, Cobalt LP and Cobalt GP, serve some of the industry’s most active private equity firms and investors, including large buyout and venture capital firms, established endowments and foundations, as well as private and public pensions.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 26 years, the firm currently employs more than 290 professionals operating in offices throughout the U.S., Europe, Asia-Pacific, Latin America and the Middle East. With nearly $360 billion in total assets under management and supervision as of June 30, 2017, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
Ipreo is a leading global provider of financial services technology, data, and analytical services, supporting all participants in the capital-raising process including sell-side professionals, finance officers at private and public companies, institutional investors, and asset managers. Ipreo’s Private Capital Markets’ solutions are the premier choice for the private capital industry to address growing pressures for transparency and regulatory compliance. Our full range of products offers solutions for portfolio assessment, valuations, investor reporting, operating metrics, or investment performance. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 1,100 employees serving clients in every major financial hub around the world. Learn more at PCM.Ipreo.com