Quick Overview
- 1#1: Juniper Square - Comprehensive platform for fundraising, investor relations, fund administration, and portfolio management tailored for private equity and real estate funds.
- 2#2: Carta - Equity management and fund administration software that handles cap tables, investments, and compliance for venture capital and private funds.
- 3#3: Affinity - AI-powered CRM designed for investment professionals to manage relationships, track deals, and streamline fundraising for funds.
- 4#4: DealCloud - End-to-end CRM and deal pipeline management platform for private equity, venture capital, and investment banking firms.
- 5#5: Allvue Systems - Integrated investment management software for portfolio tracking, accounting, and reporting in alternative investments like private equity and credit.
- 6#6: Dynamo Software - Software suite for investor relations, fundraising, portfolio monitoring, and compliance in alternative asset management.
- 7#7: SS&C Investran - Fund administration and accounting platform providing investor servicing, NAV calculations, and regulatory reporting for private funds.
- 8#8: FundCount - Multi-asset class portfolio accounting and investor portal software optimized for hedge funds and family offices.
- 9#9: InvestorFlow - Fundraising and investor relations platform with data rooms, CRM, and CRM for private market investments.
- 10#10: Vestberry - Venture capital portfolio management tool for tracking investments, performance analytics, and LP reporting.
We evaluated tools based on core functionality, reliability, user-friendliness, and value, ensuring they deliver robust support for modern fund management requirements and align with the needs of today's financial professionals.
Comparison Table
This comparison table explores critical features, workflows, and capabilities of top Fund Software tools, including Juniper Square, Carta, Affinity, DealCloud, and Allvue Systems. Readers will gain clarity on how each platform supports fund administration, investor engagement, and reporting, helping identify the best fit for their operational needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Juniper Square Comprehensive platform for fundraising, investor relations, fund administration, and portfolio management tailored for private equity and real estate funds. | enterprise | 9.6/10 | 9.8/10 | 9.3/10 | 9.1/10 |
| 2 | Carta Equity management and fund administration software that handles cap tables, investments, and compliance for venture capital and private funds. | enterprise | 9.2/10 | 9.6/10 | 8.4/10 | 8.8/10 |
| 3 | Affinity AI-powered CRM designed for investment professionals to manage relationships, track deals, and streamline fundraising for funds. | specialized | 8.7/10 | 9.2/10 | 8.8/10 | 8.0/10 |
| 4 | DealCloud End-to-end CRM and deal pipeline management platform for private equity, venture capital, and investment banking firms. | enterprise | 8.7/10 | 9.2/10 | 7.5/10 | 8.0/10 |
| 5 | Allvue Systems Integrated investment management software for portfolio tracking, accounting, and reporting in alternative investments like private equity and credit. | enterprise | 8.2/10 | 9.1/10 | 7.4/10 | 7.8/10 |
| 6 | Dynamo Software Software suite for investor relations, fundraising, portfolio monitoring, and compliance in alternative asset management. | enterprise | 8.1/10 | 8.5/10 | 7.7/10 | 7.6/10 |
| 7 | SS&C Investran Fund administration and accounting platform providing investor servicing, NAV calculations, and regulatory reporting for private funds. | enterprise | 8.2/10 | 9.2/10 | 6.8/10 | 7.5/10 |
| 8 | FundCount Multi-asset class portfolio accounting and investor portal software optimized for hedge funds and family offices. | specialized | 8.1/10 | 8.7/10 | 7.2/10 | 7.8/10 |
| 9 | InvestorFlow Fundraising and investor relations platform with data rooms, CRM, and CRM for private market investments. | specialized | 8.1/10 | 8.3/10 | 8.6/10 | 7.7/10 |
| 10 | Vestberry Venture capital portfolio management tool for tracking investments, performance analytics, and LP reporting. | specialized | 7.8/10 | 8.2/10 | 7.9/10 | 7.4/10 |
Comprehensive platform for fundraising, investor relations, fund administration, and portfolio management tailored for private equity and real estate funds.
Equity management and fund administration software that handles cap tables, investments, and compliance for venture capital and private funds.
AI-powered CRM designed for investment professionals to manage relationships, track deals, and streamline fundraising for funds.
End-to-end CRM and deal pipeline management platform for private equity, venture capital, and investment banking firms.
Integrated investment management software for portfolio tracking, accounting, and reporting in alternative investments like private equity and credit.
Software suite for investor relations, fundraising, portfolio monitoring, and compliance in alternative asset management.
Fund administration and accounting platform providing investor servicing, NAV calculations, and regulatory reporting for private funds.
Multi-asset class portfolio accounting and investor portal software optimized for hedge funds and family offices.
Fundraising and investor relations platform with data rooms, CRM, and CRM for private market investments.
Venture capital portfolio management tool for tracking investments, performance analytics, and LP reporting.
Juniper Square
enterpriseComprehensive platform for fundraising, investor relations, fund administration, and portfolio management tailored for private equity and real estate funds.
Integrated investor portal with automated distribution management and personalized dashboards
Juniper Square is a leading cloud-based platform designed for alternative asset managers, particularly in real estate and private equity, providing end-to-end fund administration, investor relations, and portfolio management. It automates fund accounting, distributions, performance reporting, and compliance workflows while offering a secure investor portal for real-time access to statements, tax documents, and capital calls. The software integrates CRM capabilities to streamline fundraising and investor communications, making it a comprehensive solution for scaling fund operations.
Pros
- Robust investor portal with self-service access to reports and transactions
- Automated fund accounting and compliance tools that reduce manual errors
- Scalable architecture supporting multi-fund and multi-strategy operations
Cons
- High cost structure better suited for larger funds
- Initial setup and data migration can be time-intensive
- Limited native support for non-real estate asset classes
Best For
Mid-to-large real estate and private equity fund managers managing complex investor relationships and multi-billion AUM portfolios.
Pricing
Custom pricing based on AUM and fund count, typically starting at $50,000+ annually for mid-sized funds; contact sales for tailored quotes.
Carta
enterpriseEquity management and fund administration software that handles cap tables, investments, and compliance for venture capital and private funds.
Automated fund waterfalls and LP investor portals with customizable reporting and real-time data access
Carta is a comprehensive equity management platform that excels in cap table management, fund administration, and investor relations for venture capital and private equity firms. It automates portfolio tracking, LP reporting, waterfall calculations, and performance analytics, enabling funds to maintain accurate ownership data across investments. With tools for secondary transactions and scenario modeling, Carta provides end-to-end visibility into fund operations and portfolio company equity.
Pros
- Powerful automation for cap tables, waterfalls, and LP portals
- Real-time portfolio monitoring and scenario modeling
- Strong integrations with CRM and deal management tools
Cons
- Complex interface for smaller teams with limited experience
- Premium pricing that scales with fund size and AUM
- Slower support response for non-enterprise clients
Best For
Mid-sized to large VC and PE funds needing scalable equity and fund administration with advanced reporting.
Pricing
Custom enterprise pricing based on AUM and fund count; starts at ~$5,000-$10,000/year for basic fund admin, with free tier for single cap tables.
Affinity
specializedAI-powered CRM designed for investment professionals to manage relationships, track deals, and streamline fundraising for funds.
Affinity Graph: AI-powered relationship mapping that uncovers hidden connections across your entire network for efficient warm intros.
Affinity is a relationship-focused CRM platform designed for venture capital, private equity, and investment firms to manage deal pipelines, source opportunities, and nurture relationships. It automatically maps connections from emails, calendars, LinkedIn, and other sources into a visual 'Affinity Graph' for discovering warm intros. The tool excels in collaborative fundraising, research automation, and pipeline tracking tailored to fund operations.
Pros
- Exceptional relationship intelligence via the Affinity Graph for warm introductions
- Seamless integrations with Gmail, Outlook, LinkedIn, and Slack
- Robust deal pipeline and fundraising modules with real-time collaboration
Cons
- High pricing can be prohibitive for smaller funds
- Limited advanced reporting and customization compared to enterprise CRMs
- Occasional performance lags with very large datasets
Best For
Mid-sized VC and growth equity firms prioritizing relationship-driven deal sourcing and network leverage.
Pricing
Custom quote-based pricing, typically $10,000-$25,000 per user annually depending on firm size and features.
DealCloud
enterpriseEnd-to-end CRM and deal pipeline management platform for private equity, venture capital, and investment banking firms.
DealCloud Graph: AI-powered relationship mapping that reveals connections across contacts, deals, and companies
DealCloud is a cloud-based CRM platform designed specifically for alternative asset managers, private equity firms, venture capital, and investment banks. It excels in deal origination, pipeline management, fundraising workflows, investor relationship tracking, and portfolio monitoring. The software leverages a unique relationship graph database to uncover hidden connections and intelligence across deals, contacts, and firms.
Pros
- Comprehensive deal pipeline and CRM tailored for funds
- Powerful relationship intelligence via graph database
- Seamless integrations with Microsoft Office and financial tools
Cons
- Steep learning curve and complex customization
- High cost unsuitable for small funds
- Lengthy implementation and onboarding process
Best For
Mid-to-large private equity and venture capital firms handling complex deal flows and investor networks.
Pricing
Custom enterprise pricing; typically starts at $50,000+ annually, subscription-based per user or firm-wide.
Allvue Systems
enterpriseIntegrated investment management software for portfolio tracking, accounting, and reporting in alternative investments like private equity and credit.
Unified end-to-end platform that consolidates portfolio management, accounting, and investor portals into one system for reduced operational silos.
Allvue Systems offers a comprehensive, cloud-based investment management platform designed specifically for alternative asset managers in private equity, private credit, and real estate. It streamlines the entire fund lifecycle, including deal sourcing, portfolio accounting, performance analytics, investor reporting, and compliance management. The software integrates front-, middle-, and back-office functions into a single unified system, reducing silos and enhancing operational efficiency for complex fund structures.
Pros
- Highly scalable for enterprise-level funds with multi-asset support
- Advanced analytics and customizable reporting tools
- Seamless integration with third-party data sources and custodians
Cons
- Steep learning curve and complex implementation
- Premium pricing not ideal for smaller funds
- Customization requires significant professional services
Best For
Mid-to-large alternative investment firms managing complex private equity, credit, or real estate portfolios that need an all-in-one enterprise solution.
Pricing
Custom enterprise pricing, typically starting at $100,000+ annually based on users, modules, and fund AUM.
Dynamo Software
enterpriseSoftware suite for investor relations, fundraising, portfolio monitoring, and compliance in alternative asset management.
Seamless unified CRM and investor portal that enables self-service onboarding and personalized investor experiences
Dynamo Software provides a comprehensive CRM and investor portal platform tailored for alternative investment managers, including private equity, hedge funds, and venture capital firms. It streamlines investor onboarding, relationship management, fundraising workflows, and secure data sharing through customizable portals. The solution integrates with fund accounting systems and offers reporting tools to enhance investor communications and compliance.
Pros
- Highly customizable investor portals with real-time data access
- Robust CRM tailored for alternative investments with fundraising automation
- Strong integrations with accounting and compliance tools
Cons
- Steep learning curve for advanced customization
- Pricing can be prohibitive for smaller funds
- Reporting analytics require additional configuration
Best For
Mid-sized alternative investment firms needing integrated CRM and investor portals for efficient fundraising and relations management.
Pricing
Custom enterprise pricing based on users and modules; typically starts at $15,000+ annually for mid-tier plans.
SS&C Investran
enterpriseFund administration and accounting platform providing investor servicing, NAV calculations, and regulatory reporting for private funds.
Sophisticated partnership accounting engine for precise modeling of waterfalls, clawbacks, and performance fees
SS&C Investran is a robust enterprise-grade portfolio accounting and investment management platform tailored for alternative investments, including private equity, hedge funds, real estate, and credit funds. It delivers comprehensive fund administration, NAV calculations, investor reporting, performance analytics, and regulatory compliance tools. The software supports complex capital structures, partnership accounting, and scalable operations for multi-asset managers.
Pros
- Handles intricate fund waterfalls, carried interest, and multi-class allocations with high accuracy
- Scalable for enterprise-level portfolios with strong data integration and automation
- Comprehensive regulatory reporting and investor servicing capabilities
Cons
- Steep learning curve and complex interface requiring extensive training
- High implementation costs and lengthy onboarding process
- Limited flexibility for quick customizations without professional services
Best For
Large alternative investment managers handling complex, multi-strategy funds that need advanced accounting and scalable back-office operations.
Pricing
Custom enterprise pricing, typically $100,000+ annually based on AUM, users, and modules, with significant implementation fees.
FundCount
specializedMulti-asset class portfolio accounting and investor portal software optimized for hedge funds and family offices.
Seamless multi-book accounting and real-time NAV processing across diverse asset classes
FundCount is a comprehensive, all-in-one fund administration software platform tailored for hedge funds, private equity firms, family offices, and alternative asset managers. It handles portfolio accounting, trade reconciliation, NAV calculations, investor servicing, CRM, performance attribution, and regulatory compliance across complex multi-asset and multi-currency portfolios. The solution emphasizes automation and real-time reporting to streamline back-, middle-, and front-office operations.
Pros
- Integrated accounting, CRM, and investor portal in one platform
- Strong support for complex fund structures and instruments
- Robust compliance and regulatory reporting tools
Cons
- Steep learning curve due to feature depth
- Opaque custom pricing can be expensive for smaller funds
- Limited out-of-the-box integrations with third-party systems
Best For
Mid-sized hedge funds and family offices needing an end-to-end solution for accounting, reporting, and client management.
Pricing
Custom pricing via quote, typically based on AUM and users; starts around $5,000-$10,000/month for mid-tier deployments.
InvestorFlow
specializedFundraising and investor relations platform with data rooms, CRM, and CRM for private market investments.
End-to-end workflow automation that unifies investor onboarding, communications, and quarterly reporting in a single, no-code interface
InvestorFlow is a cloud-based platform tailored for alternative investment fund managers, focusing on investor relations (IR), CRM, and operational workflows. It enables automated reporting, secure investor portals, document sharing via data rooms, and tools for capital calls, distributions, and compliance tracking. The software streamlines communication and onboarding, reducing manual tasks for hedge funds, private equity, and venture capital firms.
Pros
- Intuitive investor portal with real-time access to reports and documents
- Robust workflow automation for onboarding, KYC, and compliance
- Strong customization for fund-specific reporting needs
Cons
- Limited depth in full fund accounting compared to enterprise solutions
- Pricing scales quickly for larger funds or advanced features
- Integration options with legacy systems can require custom work
Best For
Small to mid-sized alternative investment funds prioritizing investor relations and automation over comprehensive accounting.
Pricing
Custom enterprise pricing, typically starting at $4,000-$6,000/month for base plans, scaling with AUM, users, and modules.
Vestberry
specializedVenture capital portfolio management tool for tracking investments, performance analytics, and LP reporting.
Automated fund administration with real-time waterfalls and performance benchmarking
Vestberry is a cloud-based fund management platform tailored for venture capital, private equity firms, and family offices. It offers tools for portfolio tracking, deal flow management, investor reporting, and fund administration automation. The software provides customizable dashboards, CRM functionality, and compliance features to streamline operations from fundraising to exit.
Pros
- Comprehensive VC/PE-specific tools including cap table management and LP portals
- Strong automation for reporting and fund admin tasks
- Modern, intuitive interface with mobile access
Cons
- Limited advanced analytics compared to enterprise competitors
- Pricing scales quickly for larger funds
- Fewer third-party integrations than top-tier platforms
Best For
Emerging and mid-sized VC/PE firms seeking an affordable all-in-one fund OS without excessive complexity.
Pricing
Starts at $499/month for basic plans, with custom enterprise pricing from $2,000+/month based on funds under management.
Conclusion
This review highlights the diversity of top fund software, from all-in-one platforms to specialized tools. Juniper Square leads with its comprehensive offering, integrating fundraising, investor relations, administration, and portfolio management—ideal for private equity and real estate. Carta and Affinity follow strong, excelling in equity management and AI-driven CRM, respectively, making them excellent alternatives for specific needs. Ultimately, Juniper Square stands out as the top choice, providing a holistic solution tailored to modern fund operations.
Take the first step toward efficient, integrated fund management: explore Juniper Square to unlock its full potential for your needs.
Tools Reviewed
All tools were independently evaluated for this comparison