The Institutional Limited Partners Association has embarked on a marketing arrangement with IHS Markit that will provide a discount for ILPA members who subscribe to IHS’s data service iLEVEL for the first time, in a bid to further promote transparency on data.
In an interview with pfm, ILPA managing director of corporate development Greg Durst didn’t disclose the size of the discount available for the industry association’s members.
ILPA has similar marketing arrangements with other data service providers including eFront, eVestment, CEPRES, PERACS and Preqin, as well as with publications like Buyouts Insider.
The iLEVEL platform allows investors to access portfolio data and granular details on holdings and valuations at the investment level, IHS said in a press release. Users will be able to use analytics that calculate internal rates of return at the fund and portfolio levels, and information is accessible by mobile device. Data can be sorted by fund manager, vintage year, geography, sector, region or strategy, IHS said.
“Creating more transparency in private markets and helping LPs access and manage data more effectively is a priority for ILPA,” Durst said in the IHS statement. “iLEVEL supports our standards for GP reporting and offers customizable tools that help LPs track investments and monitor performance.”
IHS said more than 450 LPs and GPs globally use iLEVEL or related products for portfolio management, reporting, analytics, compliance and valuation.