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Leading French venture capital firm selects iLEVEL to support its growing portfolio
HS Markit, a world leader in critical information, analytics and solutions, today announced that Aster, an independent venture capital firm with €520 million raised, has selected the iLEVEL platform to collect, monitor, and report on portfolio data.
A specialist in digital transformation and new industrial models, Aster has funded 60 companies since 2000. In its search for a portfolio platform, the firm wanted a best-in-class solution and chose iLEVEL for its ability to provide new operational efficiencies that would scale with rapid growth at Aster.
“With our latest fund raised, Aster is now the leading venture capital fund dedicated to mobilities of the future and energy transition” said Jean-Marc Bally, managing partner at Aster. “iLEVEL will help us continue to scale by enabling us to automate our processes and reporting. By gaining operational efficiencies, we can continue to deliver quality information to our sponsors and portfolio companies while concentrating on value adding analysis.”
“We are proud to welcome Aster to iLEVEL’s growing European client base,” said Melissa Ferraz, managing director and head of client development for Private Capital Markets at IHS Markit. “For firms like Aster that specialize in high-growth markets such as energy and mobility, the ability to streamline operations while meeting the demand for flexible and transparent reporting is critical, and we look forward to supporting the firm’s continued growth and success.”
Nearly 60 private equity and venture capital firms in 11 European countries now use iLEVEL, Qval or other services from IHS Markit tailored to improve portfolio monitoring, reporting and valuations in private markets.
Aster joins hundreds of private market investors globally that leverage the iLEVEL cloud platform to centralize and employ their data to drive the entire investment lifecycle, including fundraising, reporting, investment insights, compliance, and valuation.
For more information about iLEVEL and other services for private capital markets in Europe, please contact PCM-info@ipreo.com.
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