2025Year in Review
Deployment
Invested in 9 new investments and 16 follow-ons
Realizations
11 liquidity events across Equity and Structured Capital businesses
$1.4B
EQUITY FUNDS
$200M+
EQUITY CO-INVESTMENT
Team
11 new team members in 2025
9 promotions across the Level organization
The above awards are the opinions of the underlying institutions and not that of Level Equity. The awards were based on the time period of the prior year to the date such award was granted. GrowthCap Top Private Equity Firms of 2025 was issued on August 20, 2025 to recognize investors for outstanding investment judgment, business growth expertise and extensive deal experience. GrowthCap Top Software Investors of 2025 was issued on September 30, 2025 to recognize investors for outstanding investment judgment, business growth expertise and extensive deal experience. GrowthCap Top Women Leaders in Growth Investing 2025 was issued on June 25, 2025 to recognize the award recipients’ experience, evolution, capabilities, professional performance and milestones achieved. GrowthCap’s Top 40 Under 40 Growth Investors of 2025 was issued on January 7, 2026 to recognize experienced professional who have demonstrated investment talented and acumen in the growth segment of the market, making valuable contributions to their firm and the industry. Inc. Magazine’s Top Founder-Friendly Investors List was issued on October 28, 2025 to recognize firm’s track record, reputation, leadership and founder references. BluWave Top Private Equity Innovator Awards was issued on February 25, 2025 to recognize investors due diligence, value creation, firm operations and corporate citizenship practices. Bloomberg Private Fund League Tables Rankings were issued on July 1, 2025 to recognize the top performing funds by Net IRR in the private funds industry. Level Equity did not provide any data to Bloomberg in connection with the ranking. The ranking does not indicate or guarantee future results of any of the Level Equity funds. For the above GrowthCap and Inc. Magazine awards, Level Equity submitted a nomination and paid an application fee for consideration. Following its selection, Level Equity paid a fee to promote the award. Other providers or surveys may not share the same opinion as the conferring party, and there can be no assurance that they would reach similar conclusions. Level Equity did not submit an application or pay a fee for the above award from BluWave or the above ranking from Bloomberg. There can be no assurance that other rankings or surveys would reach the same conclusion as the party conferring the ranking referenced herein.
1
Operating Partner hired: Caleb Hill
32
executive hires supported
400
portfolio executives in the Slack Community
39
roundtables and peer mentoring circles hosted
3
in-person executive summits
25
reports, toolkits, and guides shared
46
submissions to the 2025 AI Hackathon
12
AI spotlight videos
121
strategic portfolio projects supported
We are so grateful for the continued partnership and collaboration of our limited partners, advisory partners, and all of our portfolio company founders, management teams, and entrepreneurs who give us the ability to continue doing what we love to do.
We can’t wait for all that’s to come in 2026!
This update (the “Update”) does not constitute an offer to sell or the solicitation of an offer to purchase any security, and is not presented with a view to providing investment advice with respect to any security or making any claim as to the past, current or future performance thereof. Level Equity Management, LLC (together with its affiliates, “Level Equity”) expressly disclaims the use of this Update for such purposes. This Update is solely intended to provide general information regarding Level Equity’s operational activities, financing capabilities and general business experience.
Portfolio companies presented herein are for informational purposes only and are intended to illustrate such historical activities. The portfolio companies included herein should not be assumed to have been profitable. Past performance is not necessarily indicative of future results. There can be no assurance historical trends will continue. Level Equity does not warrant the accuracy, completeness or usefulness of any information herein. Any reliance you place on such information is strictly at your own risk. Level Equity disclaims all liability and responsibility arising from any reliance placed on this Update or anyone who may be informed of its contents.
The Update has not been reviewed by, or received regulatory consent, approval or disapproval from, the U.S. Securities and Exchange Commission or any other U.S. or non-U.S. regulatory body. No representation, warranty or undertaking, express or implied, contractual or legal is given as to the accuracy or completeness of the information or opinions contained in this Update, and no liability is accepted by any directors, officers or employees of Level Equity or its affiliates for the accuracy or completeness of any such information or opinions.
This Update does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any securities, which may only be made pursuant to definitive subscription and/or limited partnership agreements.