February 24, 2020

iLEVEL Releases Private Capital Data Platform 7.0


iLEVEL, the leading portfolio monitoring, analytics and transparency platform for the global private capital markets, announces today the release of iLEVEL 7.0.

This latest release to the iLEVEL cloud-based, SaaS platform includes significantly improved design and usability, along with dramatic functionality enhancements across all asset classes and firm types. Together, these improvements make iLEVEL 7.0 the premier solution for any private capital firm or investor wanting to control their data, and realize the results.

“We’ve been blown away by the positive reaction of our clients to iLEVEL 7.0. It represents a quantum leap forward in user experience, flexibility and functionality, and dramatically extends and enhances our ability to add value throughout the private capital ecosystem,” said Kevin Black, CEO of iLEVEL. “For investment firms and their limited partners – across all private asset classes – nothing else comes close.”

New and enhanced features include:

  • Portal and iPad app redesign. A new navigation and analytics system enables users to easily access portfolio-level, asset-level, and fund-level reports, as well as company- or industry-specific KPIs and analytics.
  • Enhanced data visualization. New display options for data presentations enable users to choose from document lists, Google Maps™, and waterfall charts. Presentations can be printed or saved as images and used to enrich reports.
  • Data validation tools. New business rules and exception reports minimize the risk of invalid data entering the system even further, and facilitate the data approval process (e.g., restatement notifications, etc.).
  • Integrated Document Library. Data cited within a specific report or presentation can now be tied directly to the source document in the iLEVEL Document Library or displayed directly on the portal.

“iLEVEL has continued to evolve the platform over the years, and the newly redesigned portal continues to push the envelope of what’s possible,” said Bill Murphy, Senior Managing Director and Chief Technology Officer at The Blackstone Group. “The latest enhancements will enable us to identify and report on trends with even greater visual flexibility and detail.”

The number of firms on iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies including Private Equity, Real Estate, Credit and Venture Capital. GP clients use iLEVEL to track over 11,500 assets while leading LPs track over 62,000 assets across more than 7,000 fund investments. In aggregate, iLEVEL users track over 1 billion data points across their investment portfolios.

About iLEVEL

iLEVEL is the leading portfolio monitoring, analytics and transparency platform for the global private capital markets. iLEVEL’s SaaS, cloud-based platform empowers fund managers and investors to harness their data and gain insights and transparency never before possible in private markets. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.


Lauren Weiner, +1-646-747-9817

Director of Marketing


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iLEVEL Releases Private Capital Data Platform 7.0

Hilton Worldwide Acquires the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek


Hilton Worldwide has acquired the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek from a consortium including affiliates of GEM Realty Capital, Farallon Capital Management and Blackstone. The closing follows an announcement last week that Hilton Worldwide signed agreements to acquire the two hotels.

Opened in October 2009, the 498-room Waldorf Astoria Orlando and 1,000-room Hilton Orlando Bonnet Creek together form a 482-acre resort that is surrounded by a private nature preserve and is conveniently located on three sides by Walt Disney World®. The resort features a 3-acre Florida-style lazy river pool, Rees Jones-designed championship golf course, Waldorf Astoria Spa, fitness center and nearly a dozen dining and lounge options, including the Hilton Orlando Bonnet Creek’s award-winning La Luce® and Waldorf Astoria Orlando’s signature restaurant, Bull and Bear®.

“These two properties are a great addition to our portfolio of owned assets and a testament to the power of strong partnerships, teamwork, vision and devotion,” said Christopher J. Nassetta, President and CEO, Hilton Worldwide. “The previous ownership has played a pivotal role in the success of the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek, and we will continue to build on their legacy of providing guests with outstanding experiences.”

“GEM has had a longstanding relationship with Hilton Worldwide through both GEM Realty Securities and GEM Realty Properties,” said Norman Geller, Senior Managing Partner of GEM Realty Capital. “Over more than a decade, we have worked with Hilton Worldwide’s exceptional management team, and we are thrilled that Hilton Worldwide will own and continue to manage this world-class resort.”

The Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek have achieved a number of firsts and extensive awards. The Waldorf Astoria Orlando was the first newly built Waldorf Astoria property since the original Waldorf was opened on the same day 82 years before. Since then, the properties have received 62 “best” awards including Conde Nest Traveler Gold List, Travel & Leisure World’s Best, US News & World Report on Travel, Trip Advisor Certificate of Excellence and Hilton’s own Connie Award.

The property’s ownership entities have worked closely together and focused on ensuring the hotel team had the tools they needed to maintain the highest standards. “Built during difficult global economic times, ownership persevered and continued the commitment to stay on course, delivering on time and on budget,” said Peter Kacheris, managing director of the resort. “They always responded to the ever-changing needs of our customers by reinvesting into the property.”

“We are gratified by this result,” said Rocky Fried, Managing Member at Farallon. “This is an excellent outcome for our investors, with credit to our patient approach and collaborative work with our partners at GEM and Blackstone as well as the management team at Hilton Worldwide.”

About Hilton Worldwide

Hilton Worldwide (HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of twelve world-class global brands is comprised of more than 4,300 managed, franchised, owned and leased hotels and timeshare properties, with more than 715,000 rooms in 94 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Visit news.hiltonworldwide.com for more information and connect with Hilton Worldwide at http://www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, http://www.flickr.com/hiltonworldwide, and www.linkedin.com/company/hilton-worldwide.

About GEM Realty Capital

Founded in 1994, GEM Realty Capital, Inc. (GEM) is a Chicago-based real estate investment company that invests in private-market real estate assets and publicly-traded real estate securities through two lines of business, GEM Realty Properties and GEM Realty Securities. GEM has approximately $4 billion of assets under management on behalf of pension plans, endowments, foundations, financial institutions and private clients. GEM is currently investing capital for its fifth discretionary private real estate fund, GEM Realty Fund V, L.P.

About Farallon Capital Management

Farallon Capital Management, L.L.C. is a global institutional asset management firm founded in 1986. Farallon manages approximately $19.5 billion for institutions, including college endowments, charitable foundations and pension plans, and for high net worth individuals. Farallon employs approximately 180 employees. Farallon is headquartered in San Francisco and has offices in London, Singapore, Hong Kong, Tokyo and Sao Paulo. Farallon is currently investing capital for Farallon Real Estate Partners, which targets income-producing office, multifamily, retail and industrial properties. More information about Farallon may be found at www.faralloncapital.com.


Lisa Cole

Hilton Worldwide

+1 305 866 3646


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Hilton Worldwide Acquires the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek

Wirefab Announces Purchase of Fiber Laser Cutting Machine


Worcester, MA – Wirefab, Inc., a leading manufacturer in metal-based products for restaurant equipment manufacturers, bakery, OEM and display industries, has recently purchased a new Trumpf 1030 Fiber Laser Cutting Machine. The new equipment will allow Wirefab to expand its capabilities and supplement the continuous effort to improve efficiency and product offerings.

“For decades we have been a leading supplier of wire and metal products to a wide variety of markets”, said Wirefab Vice President Michael Murdock. “The Trumpf Fiber Laser cutting machine will allow us greater creativity, capability, flexibility, lower costs and quicker turnarounds for our clients”, Murdock said. “This state of the art fiber laser will allow Wirefab to further serve customer needs with capabilities that include cutting up to ½” thick cold rolled steel and stainless steel. Additionally it gives us the ability to cut aluminum and even tubing.”

“Quality and creativity are absolute requirements today. We firmly believe that the combination of our skilled workforce with cutting-edge manufacturing equipment and techniques gives us a distinct advantage that cannot be matched in our industry”, Murdock said.

Wirefab’s capabilities includes design, fulfillment, program rollout, wire forming, wire fabrication, aluminum fabricating including cutting, bending, rolling, forming, stamping and resistance, MIG and TIG welding.

About Wirefab
Wirefab has been supplying wire, sheet metal and aluminum products to multiple markets for 60 years. Wirefab operates an 80,000 square foot manufacturing and distribution facility in Worcester, MA. They are a leading manufacturer in wire-based products for the baked goods industry. Nationally recognized brand leader, Dunkin’ Donuts and convenience store giant 7-Eleven, are just two examples of Wirefab’s bakery clientele. Wirefab produces customized wire bakery baskets, bins, racks, screens, aluminum rolling carts, sheet pan racks and trays. Wirefab also services leading Restaurant Equipment and Electronic OEM’s. Capabilities include wire forming, tube fabrication, aluminum and sheet metal fabrication.

Visit the company’s website at: www.wirefab.com.

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Wirefab Announces Purchase of Fiber Laser Cutting Machine

GSR Ventures Selects iLEVEL for Portfolio Monitoring


iLEVEL, the cloud-based software provider to the private capital market, announced today that GSR Ventures has selected the iLEVEL Private Capital Data Platform to optimize their portfolio monitoring process. GSR Ventures is a venture capital fund that invests primarily in early and growth stage technology companies with operations in China. They have offices in Beijing, Hong Kong, and Silicon Valley.

“iLEVEL will enable us to streamline our data collection process and extract more information from the performance data that we already have,” said Ryann Yap, CFO of GSR Ventures. “By centralizing our process into a single repository, we can work off of one set of verified data for investment analysis and investor reporting.”

The iLEVEL platform provides early stage and growth funds with many unique features for deeper analysis of companies and portfolios. These include: performance to investment thesis, cash burn and runway, budget to actual comparison, KPIs specific to company and company type, and valuation metrics. The platform also enables funds to calculate IRR at the portfolio, fund or asset level, and further view performance across investment, geography and segments. Performance can be viewed on the Web, in Excel models, and on iPads, allowing for flexibility and mobility.

“iLEVEL’s client base continues to rapidly diversify across various investment strategies including: venture, real estate and credit funds, all signing on at an increased rate,” said Kevin Black, CEO of iLEVEL. “We are delighted to have GSR as a client. They are a strong endorsement of iLEVEL’s value to venture capital firms.”

The number of firms on iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies including Private Equity, Real Estate, Credit and Venture Capital. Leading LPs and Funds of Funds are also adopting iLEVEL. More than 5,500 iLEVEL users span the globe, tracking over a billion data points across 11,500 portfolio companies.

About GSR Ventures

GSR Ventures is a venture capital fund that invests primarily in early- and growth-stage technology companies with substantial operations in China. It focuses its investments in digital media, software, energy and technology. Some of its notable investments include Qunar (QUNR), Shanghai Great Wisdom (601519.SS), Lightinthebox (LITB), and NQ Mobile (NQ). The firm has more than $1 billion in capital under management and has offices in Beijing, Hong Kong and Silicon Valley. For more information, please visit www.gsrventures.com.

About iLEVEL

iLEVEL offers a market-leading cloud-based Private Capital Data Platform that empowers fund managers and investors to control information and gain actionable insights by taking data collection, investment analysis and performance reporting to a whole new level. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.


Lauren Weiner, +1-646-747-9817

Director of Marketing


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GSR Ventures Selects iLEVEL for Portfolio Monitoring

Aldermen discuss streets, sidewalks

The Russellville City Council’s Finance Committee discussed funding three items from the Capital Improvement Plan (CIP) during its Tuesday meeting — paving streets, the Reasoner Lane extension and fixing some sidewalks, particularly on North Phoenix Avenue.

The committee has earmarked $500,000 for overlay of city streets, but Mayor Bill Eaton said it may be awhile before any overlay is done. That’s because there’s so much overlay and renovations being done through the Arkansas River Valley on Interstate 40 by the primary company who does overlay — Blackstone Construction Co.

Eaton told the council representatives from Arkansas Tech University have encouraged the city to move forward with a design for Reasoner Lane’s proposed extension to State Highway 124. This drew some questions and criticism from Aldermen Richard Harris and Martin Irwin. Harris said he was struggling with the idea of building a street on private property.

“Can we get an idea of what Arkansas Tech is going to do with the property?” he asked.

Mark Tripp said he understood the aldermen’s concerns, but the extension of Reasoner Lane boils down to another positive partnership with Arkansas Tech University. Fire Station No. 3 was built on land leased from ATU and after years of discussion, the extension of Phoenix Avenue became a reality.

“ATU and the city need each other,” Tripp explained. “What is good for Arkansas Tech is good for the city, and what is good for the city is good for Arkansas Tech.”

Irwin said if ATU’s purpose is to develop student housing south of the street, then that would change his opinion. If the purpose was to develop between north of the street and Interstate 40, then that would make his view a little different.

“I agree wholeheartedly with Mr. Tripp. I think that Russellville, Arkansas and Arkansas Tech ought to be synonymous with one another. It matters to me what the intent for development is. I’d just like to know what their intentions are.”

Kurt Jones — who attended his first meeting as new director of Public Works — pointed out that the project was included in the city’s CIP plan because it would relieve congestion from other downtown roadways.

“ATU officials have asked the city to configure the new road in such a way that it will allow for development, whether the land is conveyed through a lease or right-of-way,” he said. “We all know at this point that they have some plans to develop it, whether it’s divide the lots and sell them off or actually build apartments or whatever.

“There are other locations — Russell Road is a perfect example; it went through land that was undeveloped. The bottom line from the city’s standpoint is that there needs to be some kind of connection running along that interstate back to 124 to relieve some of the congestion at Harrell Drive.”

Harris said he would meet with Jones before next Thursday’s Finance Committee meeting, where the Reasoner Lane extension will be discussed further.

Eaton said the issue has been discussed since the 1990s, and is not about the present but the future.

“This is not something that was dreamed up in the last year or so,” the mayor said. “I just know this will be another option that we don’t have right now for connectivity that we can provide. It may not happen next year. Look what happened down here on Parkway. People said that was dumbest thing they had seen in their life. They couldn’t imagine anybody driving on Parkway.

“But what’s the second-most used street in town? Parkway. What’s happened on Parkway? Development. What happens with that development? It puts taxes in the city coffers so we can build other streets and hopefully connect things for the next generation — not you and me. Down the road, it will be a tremendous benefit.”

Another issue the city must tackle has to do with fixing downtown sidewalks to improve their connectivity for the growing number of people who use regular and motorized wheelchairs in the city. The mayor pointed out that is their only form of transportation and they are not getting served by the city.

“We’ve got people that cannot go from an area west of El Paso to the east side of Arkansas Avenue,” Eaton explained. “People have called me and said the only access is to go through Arkansas Tech, across Arkansas Avenue, and there is not a wheelchair-accessible point. They can’t do their business, unless they go back through Arkansas Tech. If we don’t get some sidewalks and stuff that way, we’re really missing the boat.”

The committee also agreed that work on refurbishing Cedar Street — which will lead to The Landing convention center site north of I-40 — could be done by city employees.

Look for more from Tuesday’s meeting in a future edition of The Courier.

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Aldermen discuss streets, sidewalks