Cobalt (FactSet) vs iLevel
A side-by-side comparison of Cobalt (FactSet) and iLevel — two options for portfolio monitoring & metrics. Pricing, features, and honest pros and cons.
Category
Portfolio Monitoring & Metrics
Portfolio Monitoring & Metrics
Rating
4.1 / 5
4.0 / 5
Pricing
Enterprise / Custom
Enterprise / Custom
Best for
GPs who want performance benchmarking and pacing alongside monitoring
Large multi-strategy managers with dedicated portfolio operations teams
Key features
- Portfolio company KPI tracking and fund roll-ups
- TVPI, DPI, IRR, and PME analytics out of the box
- Pacing, forecasting, and scenario models
- Benchmarking against private markets fund data
- Track-record analytics for fundraising
- Centralized portfolio data collection with templated requests
- Valuation and performance analytics across funds
- Excel integration for analysis in familiar workflows
- LP and internal reporting outputs
- Backed by S&P Global's market data ecosystem
Pros
- Benchmarking and pacing analytics stronger than most GP-side tools
- FactSet ownership brings data depth and enterprise stability
- Serves both GP monitoring and LP portfolio management use cases
- Long institutional track record and deep feature set
- Handles complex fund structures and large data volumes
- Strong Excel interoperability for finance teams
Cons
- Less venture-native than founder-connected collection platforms
- Enterprise sales process and opaque pricing
- Legacy UX feels dated next to modern venture-native tools
- Implementation and administration require dedicated resources
- Built for private capital broadly — venture-specific workflows take configuration