Directory · Middle and back office
Fund accounting and NAV
82 products carry this category. Categories are tags, so several of these also appear elsewhere.
What is meant by Fund accounting and NAV?
Calculation of a fund's net asset value and production of its financial statements: valuing holdings, applying fees and expenses, allocating profit and loss across investor classes, and striking the price investors subscribe and redeem at.
Who uses Fund accounting and NAV?
Fund accountants, in-house or at an administrator.
What gets confused with Fund accounting and NAV?
Portfolio accounting. See that entry. Also confused with fund administration, which is the outsourced service that uses this software rather than the software itself.
What should you ask a vendor about Fund accounting and NAV?
Share class and fee complexity — equalisation, series accounting, hurdles — is where these systems diverge.
This definition is Buyside Fintech’s own editorial work, not a vendor’s. The products listed below carry the sources we read.
Fund accounting and NAV products
82 PRODUCTS
NAVquant5w155 SASoftware that calculates net asset value and fees for alternative investment funds, actively managed certificates and similar vehicles.aama.ioaama.ioCloud fund administration and fund accounting platform for PE, VC and private credit managers and boutique administrators in Singapore and APAC, covering capital calls, distributions, NAV calculation, investor onboarding and a white-labelled investor portal.Aduro Fund AdministrationAduro AdvisorsVenture-focused fund accounting and administration for 650+ firms and $141B+ of assets, built on its own FundPanel.io platform.AURUMAlchelystFund 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.AllvueAllvue SystemsFront-to-back suite for private equity, private credit and CLO managers, spanning portfolio management, trade order management, fund accounting and investor portals.Allvue Fund AccountingAllvue SystemsFund and investment accounting for private capital managers, formed in 2019 by merging Black Mountain and AltaReturn.Allvue Investor PortalAllvue SystemsWhite-labelled portal that distributes capital statements, capital call notices and K-1s straight from Allvue fund accounting.Allvue Trade Order ManagementAllvue SystemsOrder management inside an alternatives-focused platform, aimed at credit, private equity and fund managers rather than long-only equity desks.FirmViewAllvue 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.Investor & Investment ManagementAllvue SystemsInvestor and investment management CRM paired with an LP investor portal, built on Microsoft Dynamics and Azure.Portfolio MonitoringAllvue SystemsAutomates collection of financial and operating KPIs from portfolio companies and feeds fund accounting and investor reporting on the same platform.Alter 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.AngelList Fund AdministrationAngelListFund administration for venture funds, rolling funds, scout funds, SPVs and roll-up vehicles, with digital subscriptions and agentic fund management.Apex Fund AdministrationApex GroupSingle-source fund and asset servicing across hedge, private equity, private debt, real assets, digital assets and UCITS.Arcesium IntelligenceArcesiumAn agent layer over Arcesium's Opterra and Aquata platforms, launched 20 May 2026, with pre-built agents for P&L decomposition, NAV review, execution cost analytics and report generation, plus a studio for firms to build their own.OpterraArcesiumPost-trade and investment operations platform covering unified accounting, allocations, reconciliations and treasury; paired with Limina for front-to-back.eFrontBlackRockEnterprise alternative investment operations and analytics suite, sold by BlackRock alongside Aladdin.Fund & Investor SolutionsBNYIntegrated fund accounting, fund administration, transfer agency and investor services, including its Algorithmic NAV and Milestone pControl tools.pControlBNYFund accounting automation and oversight platform, originally Milestone Group, aimed at firms that outsource accounting and want to control the record.bunchbunchEuropean private-markets fund operations platform covering fund accounting, NAV reporting, capital accounts, transfer agency and treasury; the site cites a $35M Series B.bunch 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.Carta Fund AdministrationCartaSoftware-led fund administration for private equity and venture funds, marketed around agent-driven automation and fund CFO visibility.Carta LP PortalCartaLP-facing portal inside Carta's fund administration suite, covering subscription documents, performance views and K-1 delivery.CevicheCevicheAutomates fund expense allocation across multi-entity fund structures according to LPA rules and writes audit-ready journal entries into the general ledger.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.Clearwater 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.Enfusion by ClearwaterClearwater AnalyticsUnified cloud PMS and OEMS for portfolio construction, execution and trade processing; enfusion.com now redirects to cwan.com after the acquisition.EntriliaEntriliaDual-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.VantageFirstRate VantageFundraising portal and investor portal for private equity and venture capital firms, sold with fund accounting and deal flow modules.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.Fund ServicesFormidiumFund administration, tax, compliance and corporate services for venture, private equity, hedge, digital asset and other alternative funds, delivered on a platform the firm says provides real-time NAV reporting and automated reconciliations.FormularyFormulary FinancialFund administration for private fund managers, covering fund accounting, investor services, regulatory and compliance work and outsourced CFO support on its own platform.Fund RecsFund RecsNo-code platform used by fund administrators and asset managers to connect, normalise and reconcile fund operations data.FundCountFundCountUnified accounting and investment platform joining portfolio accounting, partnership accounting, a general ledger and investor reporting.FundCount Investor PortalFundCountInvestor portal that publishes statements and capital calls directly from FundCount's own general ledger and partnership accounting engine.FundGuardFundGuardCloud-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.FundwaveFundwaveFund accounting and LP reporting for venture, private equity and SPVs, including carry and management fee allocations and portfolio IRR tracking.Gen 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.GenieAIGenieAIConnects an existing stack of administrators, custodians, OMS and accounting systems into one operational layer and runs no-code agent workflows over it for shadow NAV oversight, reconciliation, corporate actions, reporting and share class analysis.Hanover 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.HC Global Fund ServicesHC Global Fund ServicesFund administrator providing fund accounting, tax compliance, financial statement preparation and GP services to hedge, private equity, venture, real estate, credit and digital asset funds.HedgeServHedgeServFund administration, fund accounting, middle office, investor services and tax for hedge, private equity, credit and real estate funds.IQ-EQ Hedge and Hybrid Fund AdministrationIQ-EQInvestor services group administering hedge and hybrid fund structures across roughly two dozen jurisdictions.Admin Oversight AgentJuniper SquareAI agent that reviews each fund administration close pack and flags errors and inconsistencies before financial statements reach investors.GPXJuniper SquareFund operating system pairing fund accounting and fund administration with investor onboarding, waterfall modeling and LP reporting, now with AI agents for administrator oversight.Juniper Square Fund AdministrationJuniper SquareFund accounting, treasury and waterfall modeling across the private fund lifecycle, covering fee and distribution calculations for GPs.LemonEdgeLemonEdgePrivate 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.Linedata 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.Linedata Fund AccountingLinedataFund accounting and NAV production alongside Linedata's portfolio management and OMS lines; the site cites more than 25 years in the market.Linedata Navquest NAV OversightLinedataIndependent NAV oversight with more than 70 configurable controls that check an internally or administrator-produced NAV before it is struck.Middle and Back Office ServicesLinedata24x7 outsourced trade processing, reconciliation, fund accounting and NAV, corporate actions and financial statements for traditional and alternative managers.MaybernMaybernPrivate 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.OTTOMG StoverSoftware that automates digital asset reconciliation and reporting for fund administrators and private funds.MUFG Fund AdministrationMUFG Investor ServicesAlternatives-focused asset servicing spanning fund administration, business process outsourcing, financing, banking and FX hedging.NAV 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.NeoXam AroNeoXamLow-code reconciliation platform for trades, cash, bank accounts and NAV validation, built on the EZOPS technology NeoXam acquired in December 2024.NeoXam GP4NeoXamInvestment accounting and fund administration system for asset owners and asset servicers that covers local-market regulatory and accounting requirements.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.Global Fund ServicesNorthern TrustOnshore and offshore fund administration for traditional and alternative assets inside Northern Trust's asset servicing business.NYX SuiteNyx Labs Ltd.Append-only double-entry ledger that runs a continuous shadow NAV alongside the official administrator, aimed at emerging managers.ReconAIOnCorpsAgents that identify reconciliation breaks, investigate the cause and propose or apply a resolution, covering position, cash, performance and trade confirmation reconciliation and NAV oversight.ReviewAIOnCorpsExtracts data points from fund financial statements and runs a library of accounting checks over them, replacing manual financial reporting review.PerfonaOpEff TechnologiesCloud-native accounting and investor management system with automated daily trade reconciliation, used to run the vendor's own fund administration service.Opus Fund ServicesOpus Fund ServicesFund administration for investment managers with manager and investor portals.Outsourced Middle Office and COO ServicesOSMO PartnersBoutique outsourced middle office and outsourced COO support for hedge funds and long-only managers, including emerging firms.Piedmont Fund AdministrationPiedmont Fund ServicesOutsourced fund administration and accounting for institutional and alternative investment fund managers.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.Repool Hedge Fund AdministrationRepoolUS-onshore hedge fund launch and administration platform for emerging managers, including digital asset funds, commodity pools and SPVs.RidgelineRidgelineCloud platform with order management, electronic trading, compliance, accounting and client reporting in one system; recently rebranded from ridgelineapps.com to ridgeline.ai.SimCorp OneSimCorpFront-to-back investment management platform used by large institutional managers, insurers and pensions.SingularitySS&C TechnologiesSS&C describes it as a scalable insurance investment accounting platform for asset managers.SS&C GenevaSS&C TechnologiesInstitutional multi-asset investment accounting platform that comparison sites position as an alternative for partnership accounting and allocation work.SS&C GlobeOp Fund AdministrationSS&C TechnologiesEnd-to-end NAV calculation, financial reporting and investor servicing sold under SS&C's GlobeOp brand.SS&C Middle Office ServicesSS&C TechnologiesOutsourced middle-office service covering trade capture, reconciliation and portfolio valuation for asset managers, hedge funds and private markets firms.Standish 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.State Street Fund AdministrationState StreetBank-owned administration covering accounting, financial and regulatory reporting, post-trade compliance monitoring and tax reporting.Stone Coast Fund AdministrationStone Coast Fund ServicesFund administration for alternative investment managers covering fund accounting, investor services, regulatory compliance and onboarding, with separate investor and manager portals.Temenos MultifondsTemenosIntegrated back-office platform for custodians and fund administrators combining portfolio accounting with the administrative support functions around it, on one global installation.SafariTrussEdgeOrder management plus portfolio accounting covering execution, settlement and accounting with a consolidated reconciled position and cash view; the vendor also publishes shadow NAV material.U.S. Bank Global Fund ServicesU.S. BankFund administration, NAV reporting, investor services, custody, depositary and middle office services for hedge fund and private equity structures.Ultimus Fund AdministrationUltimus Fund SolutionsFund administration and middle office services for public funds, private funds, retail alternative funds and ETFs, including transfer agency and series trust arrangements for managers launching a first fund.MegaraVermegModular post-trade suite for custodians, depositories and clearing houses whose modules include corporate actions, settlement, collateral and fund administration.