S&P Global Unveils AI-Powered iLEVEL Document Search for Private Equity Firms

S&P Global has launched iLEVEL Document Search, an AI-powered tool for private equity firms to access portfolio intelligence. The tool features natural language querying, granular annotations, and permissions-based search results. It addresses the need for deeper insights in private equity and enhances decision-making processes. The tool is part of a broader strategy to help firms navigate record levels of uncommitted capital and prolonged holding periods.

S&P Global has unveiled iLEVEL Document Search, an innovative AI-powered tool designed to help private equity firms unlock deeper insights into their portfolios. This new capability enables investment professionals to extract intelligence from investment documents using natural language queries, transforming the way asset managers explore and understand portfolio performance factors [1].

The tool addresses the critical need for enhanced portfolio intelligence, particularly in light of record levels of uncommitted capital and prolonged holding periods among private equity firms. With iLEVEL Document Search, users can query all documents stored in iLEVEL's Document Library, including board decks, quarterly financials, annual financials, and fund financials. Advanced AI-driven data extraction technology democratizes data by uncovering previously hidden insights and breaking down information silos [1].

Key features of iLEVEL Document Search include:

1. Natural Language Querying: Users can ask open-ended questions about their portfolios, allowing for exploration beyond traditional templates or pivot tables.
2. Annotations for Traceability: All search results include granular annotations linking every data point to original sources, ensuring transparency and accountability.
3. Permissions-Based Search Results: Results are restricted based on user credentials, maintaining confidentiality of sensitive materials while providing a seamless search experience.

Christopher Sparenberg, Head of iLEVEL at S&P Global Market Intelligence, emphasized the shift from portfolio monitoring to portfolio intelligence. He noted, "With deal flow at multi-year lows and exit windows tightening, the firms that will thrive are those that can unlock the 'unknown unknowns' in their existing portfolios to create differentiated value. iLEVEL Document Search enables investment teams to discover new opportunities and identify risks to make decisions with conviction" [1].

The launch of iLEVEL Document Search builds on recent enhancements to the platform, including Automated Data Ingestion, Capital Structure Analysis, Covenant Monitoring, and Financial Spreading, as part of the iLEVEL Credit solution. These enhancements underscore S&P Global's commitment to providing a comprehensive suite of solutions for the private markets industry, spanning private company data, valuations, risk analytics, and portfolio management services [1].

To learn more about S&P Global's private markets insights and offerings, visit [here](https://www.spglobal.com).

References:
[1] https://press.spglobal.com/2025-08-07-S-P-Global-brings-together-Artificial-Intelligence-and-Private-Asset-Portfolio-Management-with-iLEVEL-Document-Search
[2] https://www.nasdaq.com/press-release/sp-global-brings-together-artificial-intelligence-and-private-asset-portfolio
[3] https://finance.yahoo.com/news/p-global-brings-together-artificial-120000279.html