2025: Unlocking Scale Across iLEVEL’s Private Markets Community

A banner year for innovation within iLEVEL that has brought new data collection, AI, credit, and analytical capabilities to our clients.

The past year firmly established a new operational paradigm for the private markets; amidst persistent macroeconomic headwinds—marked by elevated costs of capital, geopolitical tensions, constrained liquidity, and a challenging fundraising environment—the passive growth strategies of the prior decade became obsolete.

These dynamics have not eroded the fundamental, long-term value proposition of private assets, but they have definitively accelerated the industry's shift toward operational performance and granular transparency—with the ability to collect the right data sets at scale to better monitor and value your investments emerging as the most critical differentiator.

Recognizing this pivotal moment, we have leveraged our deep industry expertise to respond not just with new feature additions, but with a strategic evolution of our platform, delivering an innovative slate of enhancements designed to empower private investors to master this complexity with confidence across three interdependent pillars: scalable data ingestion, sophisticated portfolio monitoring, and streamlined valuations.

COLLECT: Scaling Collection Through Advanced AI Extraction

In the current private markets environment, the ability to rapidly collect, standardize, and ultimately upload investment data from a variety of diverse sources is a critical competitive advantage.

iLEVEL has fundamentally addressed this need through the launch of our advanced AI extraction platform, which provides private investment teams with an end-to-end workflow for transforming private company financial statements and board decks directly into iLEVEL data through an AI-powered drag-and-drop experience.

This new AI extraction platform has been built with the latest large language model (LLM) and machine learning (ML) technologies, and delivers data traceability; the ability for users to roll up as-reported line items; support for global reporting nuances; and intelligent auto-match capabilities.

Clients can now combine iLEVEL’s template-based and a direct integration collection capabilities with our new AI-powered extraction experience to ingest any investment data set from virtually any source at scale.

Looking ahead to 2026, we will be expanding our AI extraction platform by bringing in new concepts including empowering users to pre-define the scope of data extraction; coverage for foreign language documents; and new support for unstructured data extraction from paragraphs and text-heavy documents.

MONITOR: Advancing Portfolio Intelligence

We know that data collection is just the beginning. It is what you can do with the data once collected that makes the difference. That is why we launched a host of new features and integrations throughout the year that deliver more sophisticated portfolio intelligence across asset classes.

To help our clients unlock the intelligence buried within their investment documents, we launched iLEVEL Document Search, which leverages Anthropic’s Claude LLM to facilitate a conversational experience with your investment documents. Users can now ask natural language questions such as “tell me more about the initiative referenced in Company X’s most recent board report” to immediately access the insights contained within their document library.   

In addition, since we know that iLEVEL is just one part of our clients’ data ecosystems, we also launched a no-code Snowflake integration, enabling users to push iLEVEL data into Snowflake through a turnkey experience that requires no development effort. This has allowed clients to more seamlessly mix their portfolio monitoring data with the data sets housed across other mission-critical systems, enabling them to perform deeper firm-wide analysis of portfolios.

To extend our support for private credit, we launched the capitalization structure module, which now allows credit investors to easily view and analyze the full cap structure of a borrower, edit details, and perform critical leverage and LTV calculations directly within the module.

And because value creation is front and center, we have partnered with Maestro to launch a no-code integration that allows investment teams to inject the data collected through the monitoring experience to directly inform and measure their value creation efforts within a portfolio company using Maestro.

Looking ahead to 2026, we will be making investments in iLEVEL’s data model to extend our support for loan monitoring, revamping the iLEVEL user experience to increase access to iLEVEL across our client community, and expanding our AI search capabilities. In addition, we will also be introducing the iLEVEL Investor Portal, which will facilitate GP-to-LP reporting through a new dedicated Investor Portal experience, which will act as an extension of a client’s core monitoring solution.

VALUE: Creating a Full-Stack Valuations Platform

The ability to perform valuations at scale across the private portfolio has become a strategic capability in today's private markets landscape, and we have responded by investing in a platform approach that aids clients regardless of whether they run their valuations workflows via spreadsheet, software, or services.

For firms that run their valuations via spreadsheets, we have directly integrated Peer Comparables data sourced directly from S&P Capital IQ into the iLEVEL Excel Add-In. Through this CapIQ data integration, clients now easily pull and instantly refresh public comps data into their valuation models.

In addition, we have also launched direct integration with our S&P Global Private Valuation Services team, streamlining how joint clients of iLEVEL and our Private Valuation Services offering send relevant investment documents and receive back valuation reports.

Looking ahead to 2026, we’ll be making major investments in extending our valuations software capabilities to support the more complex processes associated with buyout-based valuation approaches, giving us full support for the equity-based valuations workflows that range from venture to growth to buyout on one platform.  

Accelerating Innovation

Dozens of roundtables and hundreds of client conversations have helped us set the priorities for the iLEVEL platform, focussing on: streamlining operational complexity, improving transparency, and empowering portfolio intelligence at scale. We have been excited to share the strides we made in 2025 to deliver on our mandate to power the private investment lifecycle. As we turn our focus to 2026, the pace of innovation is set to accelerate, bringing even more powerful capabilities that directly translate your feedback into a tangible competitive advantage.