Ipreo Scoops Up iLevel, Creating New Private Cap Markets Arm
Two buy-side providers join up to form comprehensive offering.
Ipreo, which last year was purchased by funds controlled by Goldman Sachs and Blackstone Group from KKR, will merge the previously privately-held iLevel with its Alternative Assets group to form a new Private Capital Markets division.
iLevel, originally spun off from Blackstone in 2006, returns to the private equity firm's stable under partial ownership almost ten years later.
As part of the deal, iLevel minority owners Hamilton Lane and Duff & Phelps will roll their ownership stakes into Ipreo
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