Quick Overview
- 1#1: Dynamo Software - End-to-end portfolio management platform designed specifically for funds of funds, handling deal sourcing, performance tracking, and investor reporting.
- 2#2: Allvue Systems - Comprehensive solution for alternative asset managers including funds of funds, offering accounting, CRM, and advanced analytics.
- 3#3: SS&C Investran - Robust fund administration and accounting software optimized for private equity funds of funds with NAV calculations and compliance tools.
- 4#4: BlackRock eFront - Private markets software providing portfolio monitoring, fundraising, and risk management for funds investing in other funds.
- 5#5: FundCount - Integrated accounting and partnership accounting system ideal for multi-asset funds of funds and family offices.
- 6#6: ION Backstop Solutions - CRM and portfolio management tool for alternative investments, supporting funds of funds with investor portals and reporting.
- 7#7: Addepar - Multi-asset portfolio analytics platform that aggregates and reports on complex fund of funds holdings across illiquid assets.
- 8#8: Juniper Square - Investor relations and fund operations platform streamlining capital calls, distributions, and communications for funds of funds.
- 9#9: Affinity - AI-powered CRM for investment firms, aiding funds of funds in relationship management and deal pipeline tracking.
- 10#10: DealCloud - Deal management and CRM software helping funds of funds source, track, and manage investments in underlying funds.
We selected and ranked these tools based on comprehensive feature sets, user-friendliness, reliability, and value, ensuring they deliver robust support for portfolio management, compliance, and investor relations.
Comparison Table
Selecting the ideal Fund Of Fund Software is key to streamlining complex portfolio management, and this comparison table breaks down top tools like Dynamo Software, Allvue Systems, SS&C Investran, BlackRock eFront, FundCount, and others. It provides insights into features, functionality, and scalability, helping readers identify the right fit for their operational needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Dynamo Software End-to-end portfolio management platform designed specifically for funds of funds, handling deal sourcing, performance tracking, and investor reporting. | specialized | 9.7/10 | 9.8/10 | 8.9/10 | 9.2/10 |
| 2 | Allvue Systems Comprehensive solution for alternative asset managers including funds of funds, offering accounting, CRM, and advanced analytics. | enterprise | 9.2/10 | 9.6/10 | 8.4/10 | 8.7/10 |
| 3 | SS&C Investran Robust fund administration and accounting software optimized for private equity funds of funds with NAV calculations and compliance tools. | enterprise | 8.7/10 | 9.2/10 | 7.4/10 | 8.1/10 |
| 4 | BlackRock eFront Private markets software providing portfolio monitoring, fundraising, and risk management for funds investing in other funds. | enterprise | 8.2/10 | 9.1/10 | 7.4/10 | 7.8/10 |
| 5 | FundCount Integrated accounting and partnership accounting system ideal for multi-asset funds of funds and family offices. | specialized | 8.0/10 | 8.5/10 | 7.5/10 | 7.5/10 |
| 6 | ION Backstop Solutions CRM and portfolio management tool for alternative investments, supporting funds of funds with investor portals and reporting. | enterprise | 8.2/10 | 8.7/10 | 7.4/10 | 7.9/10 |
| 7 | Addepar Multi-asset portfolio analytics platform that aggregates and reports on complex fund of funds holdings across illiquid assets. | enterprise | 8.2/10 | 9.1/10 | 7.4/10 | 7.0/10 |
| 8 | Juniper Square Investor relations and fund operations platform streamlining capital calls, distributions, and communications for funds of funds. | specialized | 8.1/10 | 8.3/10 | 9.2/10 | 7.4/10 |
| 9 | Affinity AI-powered CRM for investment firms, aiding funds of funds in relationship management and deal pipeline tracking. | specialized | 7.8/10 | 8.2/10 | 8.5/10 | 7.1/10 |
| 10 | DealCloud Deal management and CRM software helping funds of funds source, track, and manage investments in underlying funds. | enterprise | 7.2/10 | 7.5/10 | 6.8/10 | 6.5/10 |
End-to-end portfolio management platform designed specifically for funds of funds, handling deal sourcing, performance tracking, and investor reporting.
Comprehensive solution for alternative asset managers including funds of funds, offering accounting, CRM, and advanced analytics.
Robust fund administration and accounting software optimized for private equity funds of funds with NAV calculations and compliance tools.
Private markets software providing portfolio monitoring, fundraising, and risk management for funds investing in other funds.
Integrated accounting and partnership accounting system ideal for multi-asset funds of funds and family offices.
CRM and portfolio management tool for alternative investments, supporting funds of funds with investor portals and reporting.
Multi-asset portfolio analytics platform that aggregates and reports on complex fund of funds holdings across illiquid assets.
Investor relations and fund operations platform streamlining capital calls, distributions, and communications for funds of funds.
AI-powered CRM for investment firms, aiding funds of funds in relationship management and deal pipeline tracking.
Deal management and CRM software helping funds of funds source, track, and manage investments in underlying funds.
Dynamo Software
specializedEnd-to-end portfolio management platform designed specifically for funds of funds, handling deal sourcing, performance tracking, and investor reporting.
Multi-tiered fund performance aggregation engine that unifies data from underlying investments for instant, drill-down FoF-level insights
Dynamo Software is a comprehensive CRM and investor management platform tailored for alternative investment managers, including Funds of Funds (FoF), offering end-to-end solutions for investor relations, fundraising, portfolio tracking, and compliance. It excels in handling complex FoF structures by aggregating data from multiple underlying funds, providing multi-tiered performance reporting, customized investor portals, and automated workflows. With robust analytics, secure data rooms, and seamless integrations, it empowers FoF firms to streamline operations and enhance investor engagement across diverse portfolios.
Pros
- Exceptional multi-fund aggregation and customizable reporting for complex FoF portfolios
- Advanced investor portals with real-time data access and secure document sharing
- Strong compliance tools, CRM automation, and integrations with accounting/audit systems
Cons
- High enterprise-level pricing requires custom quotes
- Steep initial learning curve and implementation timeline
- Overkill for smaller FoF operations with basic needs
Best For
Established Funds of Funds managers overseeing large, multi-layered portfolios who need scalable investor management and advanced analytics.
Pricing
Custom enterprise pricing upon request, typically starting at $50,000+ annually based on users, modules, and firm size.
Allvue Systems
enterpriseComprehensive solution for alternative asset managers including funds of funds, offering accounting, CRM, and advanced analytics.
Advanced cascaded NAV roll-ups and look-through analytics for multi-tier fund structures
Allvue Systems offers a unified investment management platform designed for alternative asset managers, with specialized capabilities for fund of funds operations including multi-tier portfolio accounting, capital call and distribution management, and investor reporting. The software streamlines complex FoF workflows such as cascaded NAV calculations, look-through performance analytics, and compliance tracking across underlying funds. It integrates CRM, deal pipeline tools, and a client portal to support end-to-end fund administration for private equity and other alternatives.
Pros
- Comprehensive FoF-specific accounting with cascaded NAV and look-through reporting
- Scalable enterprise platform with strong integration across modules
- Robust investor relations tools including customizable portals
Cons
- Steep learning curve for complex setups
- High implementation and customization costs
- Pricing lacks transparency without a quote
Best For
Mid-to-large fund of funds managers handling complex, multi-layer portfolios who need enterprise-grade scalability and compliance features.
Pricing
Custom quote-based pricing, typically starting at $100K+ annually depending on AUM, users, and modules.
SS&C Investran
enterpriseRobust fund administration and accounting software optimized for private equity funds of funds with NAV calculations and compliance tools.
Advanced partnership accounting engine with flexible waterfall modeling for multi-layer FoF distributions
SS&C Investran is an enterprise-grade portfolio accounting and management platform tailored for alternative investments, including funds of funds, offering comprehensive NAV calculations, performance analytics, and investor reporting. It excels in handling multi-tier fund structures, complex waterfalls, and regulatory compliance across private equity, hedge funds, and FoFs. The software integrates accounting, operations, and investor servicing into a single scalable system for institutional managers.
Pros
- Robust handling of complex FoF structures with multi-book accounting and waterfalls
- Scalable for large AUM with strong performance and risk analytics
- Integrated investor portal and reporting for seamless client servicing
Cons
- Steep learning curve due to extensive customization options
- High implementation and ongoing costs for smaller firms
- Interface feels dated compared to modern SaaS alternatives
Best For
Large-scale fund of funds managers managing billions in AUM who need enterprise-level accounting precision and compliance automation.
Pricing
Custom enterprise pricing, typically $500K+ annually based on AUM, users, and modules; requires lengthy implementation.
BlackRock eFront
enterprisePrivate markets software providing portfolio monitoring, fundraising, and risk management for funds investing in other funds.
Deep integration with BlackRock's Aladdin for real-time risk analytics and portfolio optimization across private markets
BlackRock eFront is a comprehensive end-to-end platform for alternative investment management, specializing in private equity, real assets, and Fund of Funds operations. It streamlines fund accounting, portfolio monitoring, investor reporting, cash flow management, and performance analytics across complex multi-layer structures. Backed by BlackRock's expertise, it integrates data from underlying funds to provide FoF managers with holistic oversight and decision-making tools.
Pros
- Advanced fund accounting with support for waterfalls, NAV calculations, and multi-currency handling
- Powerful investor portal and customizable reporting for LP transparency
- Seamless scalability and integration capabilities for large portfolios
Cons
- High implementation costs and lengthy setup process
- Steep learning curve for non-enterprise users
- Pricing lacks transparency and is geared toward large institutions
Best For
Large institutional Fund of Funds managers overseeing complex, multi-asset portfolios with significant AUM.
Pricing
Enterprise-level custom pricing, typically starting at $200,000+ annually based on modules, users, and assets under management.
FundCount
specializedIntegrated accounting and partnership accounting system ideal for multi-asset funds of funds and family offices.
Multi-level partnership accounting engine handling intricate FoF fee splits and allocations
FundCount is a comprehensive portfolio accounting and back-office solution tailored for fund of funds, hedge funds, and private equity firms. It excels in automating NAV calculations, partnership allocations, multi-currency processing, and complex fee structures like multi-level waterfalls. The platform provides investor reporting, performance analytics, and compliance tools to streamline operations for alternative investment managers.
Pros
- Advanced partnership accounting with multi-level waterfalls
- Scalable cloud and on-premise deployment options
- Robust investor reporting and customization capabilities
Cons
- Steep learning curve for new users
- Pricing is quote-based and can be high for smaller funds
- Limited native integrations with some third-party tools
Best For
Mid-sized fund of funds managers needing sophisticated back-office accounting and reporting for complex portfolios.
Pricing
Custom quote-based pricing, typically scaled by AUM; starts around $50K+ annually for mid-tier users.
ION Backstop Solutions
enterpriseCRM and portfolio management tool for alternative investments, supporting funds of funds with investor portals and reporting.
Advanced look-through analytics providing granular visibility into underlying fund holdings and exposures
ION Backstop Solutions, from ION Group, is a robust enterprise platform tailored for alternative investment managers, including funds of funds, offering portfolio accounting, investor portals, CRM, and advanced reporting. It excels in multi-tiered investment tracking with look-through analytics, enabling FoF managers to monitor underlying fund exposures, performance attribution, and risk metrics seamlessly. The solution integrates data aggregation from diverse sources for comprehensive NAV calculations and investor communications.
Pros
- Powerful look-through reporting for underlying investments
- Integrated CRM and investor portal for streamlined IR
- Strong data reconciliation and multi-asset support
Cons
- Complex interface with steep learning curve
- High implementation and customization costs
- Limited flexibility for smaller FoF operations
Best For
Large-scale funds of funds managers needing enterprise-level transparency and investor reporting across complex portfolios.
Pricing
Custom enterprise licensing, typically $100,000+ annually based on users, modules, and assets under management.
Addepar
enterpriseMulti-asset portfolio analytics platform that aggregates and reports on complex fund of funds holdings across illiquid assets.
Universal Data Aggregation Engine that normalizes and reconciles data from virtually any source without manual intervention
Addepar is a cloud-based wealth management platform specializing in portfolio aggregation, performance reporting, and advanced analytics for advisors, family offices, and institutions. For fund of funds managers, it unifies data from thousands of sources including private funds, alternatives, and public markets, enabling detailed NAV calculations, attribution analysis, and customized investor reporting. Its scalable architecture handles complex multi-asset portfolios with real-time insights and compliance tools.
Pros
- Superior data aggregation from over 1,000 custodians and feeds, ideal for diverse FoF holdings
- Advanced analytics including performance attribution, risk modeling, and scenario analysis
- Highly customizable reporting and client portals for investor transparency
Cons
- Steep learning curve and complex initial onboarding for non-technical users
- Premium enterprise pricing limits accessibility for smaller FoF managers
- Less specialized in operational workflows like fund administration compared to niche FoF tools
Best For
Large-scale fund of funds managers with $1B+ AUM managing complex, multi-asset portfolios who prioritize analytics and reporting over day-to-day operations.
Pricing
Custom enterprise pricing upon request; typically starts at $50K+ annually for mid-sized firms, scaling with AUM and users.
Juniper Square
specializedInvestor relations and fund operations platform streamlining capital calls, distributions, and communications for funds of funds.
Highly customizable client portal that enables secure, real-time LP access to personalized reports and documents
Juniper Square is a cloud-based investment management platform primarily designed for real estate private equity firms, offering tools for fund accounting, investor relations, portfolio management, and automated reporting. For fund of funds (FoF) managers, it supports multi-fund tracking, LP communications, capital calls, distributions, and performance analytics through a customizable investor portal. While adaptable for FoF strategies, its core strengths lie in real estate-focused workflows rather than specialized FoF portfolio construction or manager due diligence tools.
Pros
- Intuitive investor portal with self-service access for LPs
- Automated fund accounting and waterfall calculations
- Strong reporting and CRM capabilities for relationship management
Cons
- Less tailored for non-real estate FoF strategies like PE or VC
- Limited advanced tools for FoF-specific manager scouting or vintage analysis
- Pricing can be steep for smaller FoF operations
Best For
Mid-sized fund of funds managers focused on real estate who prioritize investor relations and streamlined reporting over deep FoF modeling.
Pricing
Custom enterprise pricing based on AUM and users; typically starts at $20,000+ annually with tiered plans.
Affinity
specializedAI-powered CRM for investment firms, aiding funds of funds in relationship management and deal pipeline tracking.
AI-powered relationship intelligence that automatically maps and surfaces connections in the investment ecosystem
Affinity is a relationship-focused CRM platform tailored for investment firms, including Funds of Funds, enabling users to manage deal pipelines, track interactions with GPs and LPs, and visualize complex relationship networks. It streamlines fundraising, due diligence, and portfolio monitoring through AI-driven insights and collaborative workflows. While not exclusively built for FoFs, its flexible customization supports key FoF needs like sourcing commitments and managing co-investments.
Pros
- Powerful relationship mapping uncovers hidden connections across GPs, LPs, and deals
- Intuitive pipeline management with customizable stages for FoF sourcing
- Strong integrations with tools like Carta and PitchBook for data enrichment
Cons
- Lacks native FoF-specific accounting like capital calls or NAV tracking
- Custom pricing can be expensive for smaller FoF teams
- Reporting is solid but requires customization for advanced LP deliverables
Best For
Mid-sized Funds of Funds prioritizing relationship intelligence and deal flow over built-in fund administration.
Pricing
Custom enterprise pricing, typically starting at $10,000+ annually based on users and features.
DealCloud
enterpriseDeal management and CRM software helping funds of funds source, track, and manage investments in underlying funds.
AI-powered Relationship Intelligence that uncovers hidden connections across contacts, deals, and funds for superior sourcing.
DealCloud is a robust CRM platform tailored for alternative investment firms, including private equity and venture capital, focusing on deal origination, pipeline management, and relationship tracking. For Fund of Funds (FoF) operations, it supports sourcing investment opportunities in underlying funds, managing GP relationships, and monitoring commitments through customizable workflows. While versatile, it requires significant configuration to fully address FoF-specific needs like multi-layer portfolio reporting and cash flow waterfalls.
Pros
- Excellent relationship management and deal sourcing tools
- Highly customizable workflows and integrations with financial data providers
- Strong security and compliance features for institutional investors
Cons
- Steep learning curve due to complex interface
- Lacks native depth in FoF-specific accounting and NAV calculations
- Premium pricing may not justify value for smaller FoF managers
Best For
Mid-sized Fund of Funds firms prioritizing CRM-driven deal flow and GP/LP relationship management over specialized fund administration.
Pricing
Custom quote-based pricing, typically starting at $50,000+ annually depending on users and modules; enterprise-focused with no public tiers.
Conclusion
The review highlights a spectrum of top-tier solutions, with Dynamo Software leading as the top choice, excelling in end-to-end portfolio management for funds of funds. Allvue Systems follows, offering a comprehensive set including accounting and CRM, while SS&C Investran stands out for its robust administration and compliance tools. Each platform caters to distinct needs, from multi-asset tracking to AI-driven relationship management, ensuring the right fit for diverse operations.
To elevate your funds of funds operations, start with Dynamo Software—the top-ranked solution with intuitive, end-to-end capabilities.
Tools Reviewed
All tools were independently evaluated for this comparison