- Blackstone (NYSE:BX) started iLevel Solutions in 2006 to organize performance and valuation data from its hundreds of portfolio companies and report the information to fund investors, and spun the unit out in 2010.
- The buyer is Ipreo Holdings, a data provider acquired by Blackstone and Goldman Sachs' merchant banking unit from KKR last year.
- Other iLevel owners include the family office of Blackstone President Tony James, Carlyle Group, Hamilton Lane Advisors, and Duff & Phelps.
- Terms of the sale were not disclosed.
- Source: Bloomberg