Fund accounting and NAV

Aduro Fund AdministrationAduro AdvisorsVenture-focused fund accounting and administration for 650+ firms and $141B+ of assets, built on its own FundPanel.io platform.Fund administrators PE and VC fund administration Fund accounting and NAV+2AURUMAlchelystFund operations platform covering fund accounting, waterfall and fee calculations, investor servicing and transfer agency; formed in March 2026 from a business spun out of Apollo in 2025 and an Irish fund administrator founded in 2023, backed by Motive Partners.Capital calls and waterfalls PE and VC fund administration Fund accounting and NAV+1AllvueAllvue SystemsFront-to-back suite for private equity, private credit and CLO managers, spanning portfolio management, trade order management, fund accounting and investor portals.Combined OMS/PMS platforms Order management Fund accounting and NAV+4Allvue Fund AccountingAllvue SystemsFund and investment accounting for private capital managers, formed in 2019 by merging Black Mountain and AltaReturn.Portfolio accounting Fund accounting and NAV Portfolio monitoring+4Allvue Fund Accounting (waterfall module)Allvue SystemsPrivate capital fund accounting on Microsoft Dynamics 365 Business Central with an optional waterfall module for carry calculations and automated capital call processing.Capital calls and waterfalls Fund accounting and NAV PE and VC fund administration+2Allvue Investor PortalAllvue SystemsWhite-labelled portal that distributes capital statements, capital call notices and K-1s straight from Allvue fund accounting.LP portals PE and VC fund administration Fund accounting and NAV+1Allvue Trade Order ManagementAllvue SystemsOrder management inside an alternatives-focused platform, aimed at credit, private equity and fund managers rather than long-only equity desks.Order management Combined OMS/PMS platforms Portfolio monitoring+2FirmViewAllvue SystemsCarry, co-investment and compensation management with waterfall and carry distribution for private funds; Allvue's site states the product came with its acquisition of PFA Solutions.Fee billing Capital calls and waterfalls Fund accounting and NAV Investor PortalAllvue SystemsInvestor and investment management CRM paired with an LP investor portal, built on Microsoft Dynamics and Azure.Investor portals and CRM Fund accounting and NAV Portfolio monitoring Portfolio MonitoringAllvue SystemsAutomates collection of financial and operating KPIs from portfolio companies and feeds fund accounting and investor reporting on the same platform.Portfolio monitoring Fund accounting and NAV Investor portals and CRM+1Alter Domus Fund AdministrationAlter DomusFund administration for closed-end private equity, private credit, real estate and infrastructure, paired with its own fund accounting and investor management technology.Fund administrators PE and VC fund administration Fund accounting and NAV+2AngelList Fund AdministrationAngelListFund administration for venture funds, rolling funds, scout funds, SPVs and roll-up vehicles, with digital subscriptions and agentic fund management.Fund administrators PE and VC fund administration LP portals+1Apex Fund AdministrationApex GroupSingle-source fund and asset servicing across hedge, private equity, private debt, real assets, digital assets and UCITS.Fund administrators Fund accounting and NAV Managed services+2OpterraArcesiumPost-trade and investment operations platform covering unified accounting, allocations, reconciliations and treasury; paired with Limina for front-to-back.Combined OMS/PMS platforms Portfolio accounting Reconciliation+7eFrontBlackRockEnterprise alternative investment operations and analytics suite, sold by BlackRock alongside Aladdin.Portfolio monitoring Fund accounting and NAV PE and VC fund administration+4Fund & Investor SolutionsBNYIntegrated fund accounting, fund administration, transfer agency and investor services, including its Algorithmic NAV and Milestone pControl tools.Fund administrators Fund accounting and NAV Prime brokers and custody+2pControlBNYFund accounting automation and oversight platform, originally Milestone Group, aimed at firms that outsource accounting and want to control the record.Portfolio accounting Fund accounting and NAV Managed services+1bunchbunchEuropean private-markets fund operations platform covering fund accounting, NAV reporting, capital accounts, transfer agency and treasury; the site cites a $35M Series B.Fund accounting and NAV PE and VC fund administration LP portals+3bunch Fund Admin ServicesbunchEuropean AI-native fund operations platform combining investor portal, transfer agency, fund accounting, treasury, compliance and expert fund admin services; raised a $35M Series B.Fund administrators PE and VC fund administration Fund accounting and NAV+2bunch fund operations platformbunchEuropean fund operations infrastructure automating capital calls, distributions, waterfall calculations and transfer agency; raised a $35M Series B.Capital calls and waterfalls PE and VC fund administration Fund accounting and NAV+2bunch Investor PortalbunchAI-native fund operations platform for European VC and PE funds whose investor portal carries communications, capital calls and a data room; raised a $35M Series B.LP portals PE and VC fund administration Fund accounting and NAV+1Carta Fund AdministrationCartaSoftware-led fund administration for private equity and venture funds, marketed around agent-driven automation and fund CFO visibility.Fund administrators PE and VC fund administration Fund accounting and NAV+2Carta LP PortalCartaLP-facing portal inside Carta's fund administration suite, covering subscription documents, performance views and K-1 delivery.LP portals PE and VC fund administration Fund accounting and NAV CevicheCevicheAutomates fund expense allocation across multi-entity fund structures according to LPA rules and writes audit-ready journal entries into the general ledger.PE and VC fund administration Fee billing Fund accounting and NAV Citco Fund AdministrationCitcoIndependent administrator for hedge funds, funds of funds, private equity and private credit, covering accounting, investor relations, independent pricing, middle office and treasury.Fund administrators Fund accounting and NAV Pricing and valuation+3Clearwater Accounting & ReportingClearwater AnalyticsSingle-instance multi-tenant cloud platform that consolidates investment and fund accounting with reconciled IBOR and ABOR.Portfolio accounting Fund accounting and NAV Reconciliation+2Clearwater Investment Accounting PlatformClearwater AnalyticsDaily multi-basis, multi-currency accounting book of record producing GAAP, STAT, IFRS and tax bases at once, with NAV and stakeholder reporting.Fund accounting and NAV Portfolio accounting Regulatory reporting+1EnfusionClearwater AnalyticsCloud-native platform with a native order and execution management module feeding straight from portfolio manager models to market; Enfusion was acquired by Clearwater Analytics.Order management Combined OMS/PMS platforms Execution management+2Enfusion by ClearwaterClearwater AnalyticsUnified cloud PMS and OEMS for portfolio construction, execution and trade processing; enfusion.com now redirects to cwan.com after the acquisition.Combined OMS/PMS platforms Order management Execution management+3EntriliaEntriliaDual-sided fund accounting with event-driven automation, investor reporting and portfolio monitoring for private capital; co-founded by Eric Faw and Yuriy Andrushchenko with a distributed team.Fund accounting and NAV PE and VC fund administration Portfolio monitoring+1VantageFirstRate VantageFundraising portal and investor portal for private equity and venture capital firms, sold with fund accounting and deal flow modules.Investor portals and CRM LP portals Fund accounting and NAV FIS Private Capital SuiteFISPrivate equity fund and partnership accounting with digital waterfall administration, automated carried interest and capital call tracking; the vendor's own page states it was formerly named Investran.Capital calls and waterfalls PE and VC fund administration Fund accounting and NAV+3Private Capital SuiteFISFund and partnership accounting for private capital, including capital calls, distributions and carry calculations; the page states it was formerly named Investran.Fund accounting and NAV PE and VC fund administration Capital calls and waterfalls+1Fund RecsFund RecsNo-code platform used by fund administrators and asset managers to connect, normalise and reconcile fund operations data.Reconciliation Fund accounting and NAV Data management FundCountFundCountUnified accounting and investment platform joining portfolio accounting, partnership accounting, a general ledger and investor reporting.Combined OMS/PMS platforms Portfolio accounting Fund accounting and NAV+5FundCount Investor PortalFundCountInvestor portal that publishes statements and capital calls directly from FundCount's own general ledger and partnership accounting engine.LP portals Fund accounting and NAV Portfolio accounting+1FundCount Private Equity AccountingFundCountPartnership accounting with waterfalls, capital accounts and LP statements held on one record alongside the general ledger.Capital calls and waterfalls Fund accounting and NAV Portfolio accounting+2FundGuardFundGuardCloud-native real-time accounting engine that runs IBOR, fund accounting/ABOR and private markets portfolio accounting on one system; raised a $40M Series B in 2022.Portfolio accounting Fund accounting and NAV Reconciliation+1FundwaveFundwaveFund accounting and LP reporting for venture, private equity and SPVs, including carry and management fee allocations and portfolio IRR tracking.Fund accounting and NAV Capital calls and waterfalls LP portals+2Gen II Fund AdministrationGen II Fund ServicesPrivate capital fund administrator serving 12,000+ fund entities, with its own Funded subscription tool, investor portal, analytics and DataBridge data delivery.Fund administrators PE and VC fund administration Fund accounting and NAV+2Hanover ParkHanover ParkAI-native fund administration platform that continuously three-way matches bank feeds, source documents and the general ledger, claiming 90 percent of cash auto-reconciled.Reconciliation PE and VC fund administration Fund accounting and NAV+1IQ-EQ Hedge and Hybrid Fund AdministrationIQ-EQInvestor services group administering hedge and hybrid fund structures across roughly two dozen jurisdictions.Fund administrators Fund accounting and NAV PE and VC fund administration+1GPXJuniper SquareFund operating system pairing fund accounting and fund administration with investor onboarding, waterfall modeling and LP reporting, now with AI agents for administrator oversight.Fund accounting and NAV PE and VC fund administration LP portals+2Juniper Square Fund AdministrationJuniper SquareFund accounting, treasury and waterfall modeling across the private fund lifecycle, covering fee and distribution calculations for GPs.Fee billing PE and VC fund administration Capital calls and waterfalls+4LemonEdgeLemonEdgePrivate markets accounting engine with event-driven transactions, multi-ledger allocation paths and embedded waterfalls; raised a $21M Series A led by Blackstone with BNY in July 2026.Portfolio accounting Fund accounting and NAV Capital calls and waterfalls+3LemonEdge Embedded WaterfallLemonEdgeEvent-driven private markets accounting engine with waterfall distributions, carried interest and distribution notices handled natively rather than in spreadsheets; raised a $21M Series A led by Blackstone.Capital calls and waterfalls Fund accounting and NAV PE and VC fund administration+1Linedata Admin EdgeLinedataFund administration platform combining fund accounting, transfer agency and an investor portal, supporting closed-ended and private equity structures with partner-level profit and loss allocations.PE and VC fund administration Fund accounting and NAV Fund administrators+1Linedata Fund AccountingLinedataFund accounting and NAV production alongside Linedata's portfolio management and OMS lines; the site cites more than 25 years in the market.Portfolio accounting Fund accounting and NAV Combined OMS/PMS platforms Linedata Navquest NAV OversightLinedataIndependent NAV oversight with more than 70 configurable controls that check an internally or administrator-produced NAV before it is struck.Fund accounting and NAV Reconciliation Middle and Back Office ServicesLinedata24x7 outsourced trade processing, reconciliation, fund accounting and NAV, corporate actions and financial statements for traditional and alternative managers.Managed services Reconciliation Fund accounting and NAV+2MaybernMaybernPrivate fund operating system that configures custom fee bases and fee breaks to calculate management fees, and runs waterfalls, carry and capital calls; raised a $50M Series B and $76M in total per Forbes.Fee billing Capital calls and waterfalls PE and VC fund administration+1MUFG Fund AdministrationMUFG Investor ServicesAlternatives-focused asset servicing spanning fund administration, business process outsourcing, financing, banking and FX hedging.Fund administrators Fund accounting and NAV Managed services+2NAV Fund AdministrationNAV Fund ServicesAdministrator for hedge, digital asset, closed-end and family office structures, with an in-house investor portal, e-subscription and REST API gateway.Fund administrators Fund accounting and NAV Investor portals and CRM+1NeoXam AroNeoXamLow-code reconciliation platform for trades, cash, bank accounts and NAV validation, built on the EZOPS technology NeoXam acquired in December 2024.Reconciliation Data management Fund accounting and NAV Nirvana PMS & AccountingNirvana SolutionsIntegrated portfolio management and accounting with real-time IBOR and automated reconciliation, sold to institutional asset managers; the site cites 15+ years.Portfolio accounting Combined OMS/PMS platforms Reconciliation+1Global Fund ServicesNorthern TrustOnshore and offshore fund administration for traditional and alternative assets inside Northern Trust's asset servicing business.Fund administrators Fund accounting and NAV Prime brokers and custody+1NYX SuiteNyx Labs Ltd.Append-only double-entry ledger that runs a continuous shadow NAV alongside the official administrator, aimed at emerging managers.Fund accounting and NAV LP portals PerfonaOpEff TechnologiesCloud-native accounting and investor management system with automated daily trade reconciliation, used to run the vendor's own fund administration service.Reconciliation Fund accounting and NAV PE and VC fund administration Outsourced Middle Office and COO ServicesOSMO PartnersBoutique outsourced middle office and outsourced COO support for hedge funds and long-only managers, including emerging firms.Managed services Reconciliation Fund accounting and NAV Capital Call, PCAP and IRR AutomationQuantium TechnologyAutomates capital call and distribution notices, partner capital account reporting, IRR and TVPI, and European and American waterfall models; operated by Round Square Pte Ltd.Capital calls and waterfalls Fund accounting and NAV Performance and attribution+1Repool Hedge Fund AdministrationRepoolUS-onshore hedge fund launch and administration platform for emerging managers, including digital asset funds, commodity pools and SPVs.Fund administrators Fund accounting and NAV Managed services+1RidgelineRidgelineCloud platform with order management, electronic trading, compliance, accounting and client reporting in one system; recently rebranded from ridgelineapps.com to ridgeline.ai.Order management Combined OMS/PMS platforms Portfolio accounting+7SimCorp OneSimCorpFront-to-back investment management platform used by large institutional managers, insurers and pensions.Order management Combined OMS/PMS platforms Portfolio accounting+5Advent GenevaSS&C TechnologiesMulti-asset portfolio and fund accounting system for alternative managers, with investor accounting and a full general ledger.Portfolio accounting Fund accounting and NAV Client reporting+1GenevaSS&C TechnologiesMulti-asset, multi-currency portfolio and fund accounting with investor accounting, shadow accounting and NAV reporting; sold under the SS&C Advent brand.Fund accounting and NAV Portfolio accounting SingularitySS&C TechnologiesSS&C describes it as a scalable insurance investment accounting platform for asset managers.Portfolio accounting Fund accounting and NAV Regulatory reporting SS&C GenevaSS&C TechnologiesInstitutional multi-asset investment accounting platform that comparison sites position as an alternative for partnership accounting and allocation work.Capital calls and waterfalls Portfolio accounting Fund accounting and NAV+1SS&C GlobeOpSS&C TechnologiesOutsourced fund administration, fund accounting and investor services for alternative managers; SS&C describes itself as the world's largest fund administrator.PE and VC fund administration Fund administrators Fund accounting and NAV+1SS&C GlobeOp Fund AdministrationSS&C TechnologiesEnd-to-end NAV calculation, financial reporting and investor servicing sold under SS&C's GlobeOp brand.Fund administrators Fund accounting and NAV Managed services+2SS&C GlobeOp Middle Office ServicesSS&C TechnologiesOutsourced trade capture, reconciliation and portfolio valuation sold with fund administration, transfer agency and managed cloud infrastructure.Managed services Fund administrators Reconciliation+2Standish Fund AdministrationStandish ManagementPrivate-fund specialist administrator built for PE CFOs, running fund administration on top of the leading third-party private fund technology platforms across 19 offices.Fund administrators PE and VC fund administration Fund accounting and NAV+2State Street Fund AdministrationState StreetBank-owned administration covering accounting, financial and regulatory reporting, post-trade compliance monitoring and tax reporting.Fund administrators Fund accounting and NAV Regulatory reporting+2MultifondsTemenosIntegrated back-office and portfolio accounting platform used by fund administrators and asset managers across jurisdictions.Portfolio accounting Fund accounting and NAV Fund administrators Temenos MultifondsTemenosIntegrated back-office platform for custodians and fund administrators combining portfolio accounting with the administrative support functions around it, on one global installation.Prime brokers and custody Fund accounting and NAV Portfolio accounting+1SafariTrussEdgeOrder management plus portfolio accounting covering execution, settlement and accounting with a consolidated reconciled position and cash view; the vendor also publishes shadow NAV material.Fund accounting and NAV Portfolio accounting Order management MegaraVermegModular post-trade suite for custodians, depositories and clearing houses whose modules include corporate actions, settlement, collateral and fund administration.Corporate actions Trade settlement Fund accounting and NAV+1

Fund accounting and NAV products