S&P Global brings together Artificial Intelligence and Private Asset Portfolio Management with iLEVEL Document Search

Rhea-AI Summary

S&P Global (NYSE: SPGI) has launched iLEVEL Document Search, an AI-powered search capability designed to revolutionize how private market investors access portfolio intelligence. The new tool enables investment professionals to extract insights from various investment documents using natural language queries.

The solution features three key capabilities: natural language querying for open-ended portfolio exploration, granular annotations linking data to original sources, and permissions-based search results to maintain confidentiality. This launch builds upon recent platform enhancements including Automated Data Ingestion, Capital Structure Analysis, Covenant Monitoring, and Financial Spreading.

Positive

• Integration of advanced AI technology for portfolio intelligence
• Enhanced data accessibility and analysis capabilities through natural language queries
• Strengthened security features with permissions-based access

Negative

• None.

Insights

Financial Technology Analyst

S&P Global's new AI-powered iLEVEL Document Search strengthens their market position while addressing critical private equity intelligence needs.

S&P Global's launch of iLEVEL Document Search represents a strategic enhancement to their private markets technology stack at an opportune moment. The timing is particularly significant as private equity firms are sitting on substantial dry powder (uncommitted capital) while facing elongated holding periods for existing investments.

The solution addresses a genuine market pain point: the difficulty in extracting actionable intelligence from unstructured document repositories. By enabling natural language queries across board decks, quarterly financials, and fund documents, S&P Global is effectively transforming unstructured data into structured insights—a persistent challenge in private markets where standardized data remains elusive.

What's technically noteworthy is the inclusion of annotation capabilities that maintain data lineage back to source documents. This feature addresses the critical compliance and verification requirements that institutional investors face. The permissions-based architecture further demonstrates an understanding of the complex confidentiality requirements in private market operations.

This product launch follows S&P Global's systematic expansion in private markets technology, building upon recent releases including Automated Data Ingestion, Capital Structure Analysis, and Covenant Monitoring. This reflects a cohesive product strategy rather than an isolated initiative.

For S&P Global, this enhancement strengthens their competitive positioning against both traditional financial data providers and emerging fintech competitors in the private markets space, potentially creating new revenue opportunities while deepening relationships with existing clients through expanded platform utility.

New AI-powered capability transforms how private market investors surface portfolio intelligence — reinforcing S&P Global's leadership in delivering enterprise-grade GenAI solutions to financial professionals

NEW YORK, Aug. 7, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the launch of iLEVEL Document Search, a new AI-powered search capability that enables private market investment professionals to extract intelligence from investment documents using natural language queries. This innovative tool transforms asset managers' ability to explore and understand the factors that shape portfolio performance, facilitating faster, more informed decisions.

With private equity firms holding record levels of dry powder while existing portfolios remain in a prolonged holding pattern, iLEVEL Document Search addresses the critical need for deeper portfolio intelligence. Users can now query all documents stored in iLEVEL's Document Library, including board decks, quarterly financials, annual financials and fund financials. The tool leverages advanced AI-driven data extraction technology to democratize data by unlocking previously hidden insights and breaking down information silos.

Key capabilities include:

• Natural Language Querying: Users can ask open-ended questions about their portfolios, enabling exploration beyond traditional templates or pivot tables.
• Annotations for Traceability: All search results include granular annotations linking every data point to original sources.
• Permissions-Based Search Results for Confidentiality: Results restrict access based on user credentials, maintaining confidentiality of sensitive materials while delivering a seamless search experience.

"We're moving from an era of portfolio monitoring to one of portfolio intelligence," said Christopher Sparenberg, Head of iLEVEL, S&P Global Market Intelligence. "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."

The launch of iLEVEL Document Search builds on recent enhancements to the platform, including Automated Data Ingestion, and Capital Structure Analysis, Covenant Monitoring and Financial Spreading as part of the iLEVEL Credit solution.

These enhancements represent S&P Global's ongoing commitment to providing a comprehensive suite of solutions to the private markets industry, with offerings spanning private company data, valuations, risk analytics and portfolio management services designed to drive investment and operational alpha. 

To learn more about S&P Global's private markets insights and offerings, visit here.

Media Contacts:

Orla O'Brien
S&P Global
+1 857-407-8559
orla.obrien@spglobal.com 

Erina Aoyama
S&P Global Market Intelligence
+1 917 755 7943
erina.aoyama@spglobal.com 

About S&P Global

S&P Global (NYSE: SPGI) provides Essential Intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and Accelerate Progress for the world.

We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com

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SOURCE S&P Global

FAQ

What is S&P Global's new iLEVEL Document Search and how does it work?

iLEVEL Document Search is an AI-powered search capability that allows private market investment professionals to extract intelligence from investment documents using natural language queries, accessing board decks, quarterly financials, annual financials, and fund financials.

What are the key features of SPGI's iLEVEL Document Search platform?

The platform offers three main features: natural language querying for portfolio exploration, granular annotations linking data to original sources, and permissions-based search results for maintaining confidentiality.

How does S&P Global's new AI tool benefit private market investors?

The tool helps investors unlock 'unknown unknowns' in their portfolios, enables faster decision-making, and provides deeper portfolio intelligence through advanced data extraction and natural language processing capabilities.

What recent enhancements has S&P Global made to the iLEVEL platform?

Recent enhancements include Automated Data Ingestion, Capital Structure Analysis, Covenant Monitoring, and Financial Spreading as part of the iLEVEL Credit solution.