Quick Overview
- 1#1: Investran - Provides comprehensive fund accounting, investor servicing, and partnership allocation for private equity firms.
- 2#2: Allvue Systems - Delivers an integrated investment management platform with advanced accounting and reporting for private equity portfolios.
- 3#3: eFront - Offers end-to-end investment management software including fund accounting and performance tracking for private equity.
- 4#4: FundCount - Specializes in multi-asset partnership accounting with automated allocations and investor portals for PE funds.
- 5#5: Longspur - Automates private fund accounting, waterfalls, and capital calls tailored for private equity partnerships.
- 6#6: Solovis - Cloud-based platform for private markets with robust fund accounting and investor management features.
- 7#7: Addepar - Unified portfolio accounting solution handling complex private equity structures and custom waterfalls.
- 8#8: InvestorFlow - Streamlines fund administration and partnership accounting for PE and VC firms with real-time reporting.
- 9#9: Geneva - Global portfolio accounting system supporting private equity fund operations and investor allocations.
- 10#10: Juniper Square - Investor management and accounting platform designed for private equity and real estate funds.
Tools were evaluated based on core functionality (including accounting automation, partnership waterfalls, and investor servicing), platform reliability, user-friendliness, and alignment with private equity-specific needs, ensuring a balanced list of high-performing solutions.
Comparison Table
Explore the landscape of private equity partnership accounting software with a comparison of tools like Investran, Allvue Systems, eFront, FundCount, Longspur, and more. This table outlines key features, capabilities, and suitability to help users identify the right solution for their partnership’s specific needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Investran Provides comprehensive fund accounting, investor servicing, and partnership allocation for private equity firms. | enterprise | 9.5/10 | 9.8/10 | 8.4/10 | 9.1/10 |
| 2 | Allvue Systems Delivers an integrated investment management platform with advanced accounting and reporting for private equity portfolios. | enterprise | 9.1/10 | 9.5/10 | 8.4/10 | 8.7/10 |
| 3 | eFront Offers end-to-end investment management software including fund accounting and performance tracking for private equity. | enterprise | 8.7/10 | 9.2/10 | 7.5/10 | 8.0/10 |
| 4 | FundCount Specializes in multi-asset partnership accounting with automated allocations and investor portals for PE funds. | specialized | 8.3/10 | 9.0/10 | 7.2/10 | 7.8/10 |
| 5 | Longspur Automates private fund accounting, waterfalls, and capital calls tailored for private equity partnerships. | specialized | 8.4/10 | 9.0/10 | 8.5/10 | 7.8/10 |
| 6 | Solovis Cloud-based platform for private markets with robust fund accounting and investor management features. | enterprise | 8.7/10 | 9.2/10 | 8.0/10 | 8.3/10 |
| 7 | Addepar Unified portfolio accounting solution handling complex private equity structures and custom waterfalls. | enterprise | 8.4/10 | 9.2/10 | 7.8/10 | 7.5/10 |
| 8 | InvestorFlow Streamlines fund administration and partnership accounting for PE and VC firms with real-time reporting. | specialized | 8.1/10 | 8.4/10 | 8.0/10 | 7.8/10 |
| 9 | Geneva Global portfolio accounting system supporting private equity fund operations and investor allocations. | enterprise | 8.2/10 | 8.9/10 | 7.4/10 | 7.7/10 |
| 10 | Juniper Square Investor management and accounting platform designed for private equity and real estate funds. | enterprise | 8.1/10 | 8.5/10 | 7.9/10 | 7.6/10 |
Provides comprehensive fund accounting, investor servicing, and partnership allocation for private equity firms.
Delivers an integrated investment management platform with advanced accounting and reporting for private equity portfolios.
Offers end-to-end investment management software including fund accounting and performance tracking for private equity.
Specializes in multi-asset partnership accounting with automated allocations and investor portals for PE funds.
Automates private fund accounting, waterfalls, and capital calls tailored for private equity partnerships.
Cloud-based platform for private markets with robust fund accounting and investor management features.
Unified portfolio accounting solution handling complex private equity structures and custom waterfalls.
Streamlines fund administration and partnership accounting for PE and VC firms with real-time reporting.
Global portfolio accounting system supporting private equity fund operations and investor allocations.
Investor management and accounting platform designed for private equity and real estate funds.
Investran
enterpriseProvides comprehensive fund accounting, investor servicing, and partnership allocation for private equity firms.
Sophisticated partnership allocation engine that precisely models multi-tier waterfalls, co-investments, and performance fees across diverse fund vehicles
Investran by SS&C Technologies is a comprehensive private equity partnership accounting software designed for fund administrators, general partners, and asset managers handling complex fund structures. It excels in portfolio accounting, investor servicing, performance measurement, and regulatory reporting, supporting waterfalls, carried interest, clawbacks, and multi-currency operations. With robust automation and scalability, it serves firms managing billions in AUM across global portfolios.
Pros
- Unmatched depth in handling complex PE waterfalls, allocations, and carried interest calculations
- Scalable platform with strong integrations to CRM, deal management, and ERP systems
- Advanced reporting and investor portal for real-time transparency and compliance
Cons
- Steep learning curve and lengthy implementation (6-12 months typical)
- High cost structure with custom pricing that scales with AUM
- User interface feels dated compared to newer SaaS alternatives
Best For
Large private equity firms and fund administrators managing multi-billion AUM portfolios with intricate, multi-strategy fund structures requiring enterprise-grade reliability.
Pricing
Custom enterprise licensing based on AUM, typically starting at $500K+ annually with implementation fees exceeding $1M for large deployments.
Allvue Systems
enterpriseDelivers an integrated investment management platform with advanced accounting and reporting for private equity portfolios.
Sophisticated multi-tier waterfall engine for precise GP/LP carried interest and profit-sharing calculations
Allvue Systems is an integrated investment management platform tailored for private equity firms and alternative asset managers, with robust partnership accounting at its core. It automates complex fund accounting processes including capital calls, distributions, carried interest waterfalls, allocations, and multi-currency reporting. The software also supports investor reporting, portfolio management, and compliance, providing a unified solution for end-to-end operations in private markets.
Pros
- Comprehensive partnership accounting with advanced waterfall and allocation engines
- Scalable for enterprise-level PE firms with strong automation and integrations
- Real-time reporting and multi-book capabilities for GAAP/IFRS compliance
Cons
- High implementation costs and enterprise pricing
- Steep learning curve requiring significant training
- Overkill for small funds or simple accounting needs
Best For
Mid-to-large private equity firms managing complex multi-fund structures and requiring integrated accounting with investor relations.
Pricing
Custom quote-based SaaS pricing, typically starting at $100K+ annually based on AUM and modules.
eFront
enterpriseOffers end-to-end investment management software including fund accounting and performance tracking for private equity.
Advanced automated waterfall modeling for complex carried interest and LP allocations across multi-class funds
eFront is a comprehensive platform tailored for alternative asset managers, specializing in private equity partnership accounting with automated fund administration, NAV calculations, capital calls, distributions, and carried interest waterfalls. It integrates investor servicing, portfolio management, risk analytics, and compliance tools to handle complex fund structures across private markets. Acquired by BlackRock, it leverages enterprise-grade scalability for GPs managing multi-strategy portfolios.
Pros
- Robust automation for PE-specific accounting like waterfalls and allocations
- Integrated investor portal and reporting for transparency
- Scalable for enterprise-level portfolios with BlackRock backing
Cons
- Complex implementation requiring significant customization
- Steep learning curve for non-technical users
- Premium pricing limits accessibility for smaller firms
Best For
Mid-to-large private equity general partners needing an all-in-one platform for fund accounting, investor relations, and portfolio oversight.
Pricing
Custom enterprise licensing, typically $500K+ annually based on assets under management and modules selected.
FundCount
specializedSpecializes in multi-asset partnership accounting with automated allocations and investor portals for PE funds.
Seamless single-database integration of general ledger and partnership accounting, eliminating manual reconciliations
FundCount is a comprehensive back-office software platform tailored for private equity firms, hedge funds, and family offices, specializing in partnership accounting and investor servicing. It automates complex processes like capital calls, distributions, waterfalls, carried interest calculations, and NAV reporting, while integrating portfolio accounting, CRM, and compliance tools. The solution supports multi-asset, multi-currency operations and provides customizable reporting for fund administrators and managers.
Pros
- All-in-one platform integrating accounting, investor portals, and CRM to streamline operations
- Advanced partnership accounting with precise waterfall, allocation, and multi-book capabilities
- Robust reporting and analytics with real-time data insights
Cons
- Steep learning curve and lengthy implementation for complex setups
- Custom pricing lacks transparency and can be costly for smaller funds
- User interface feels dated compared to modern SaaS alternatives
Best For
Mid-sized private equity firms and fund administrators managing multiple funds with complex partnership structures.
Pricing
Quote-based pricing, typically starting at $50,000-$100,000 annually depending on AUM, users, and modules.
Longspur
specializedAutomates private fund accounting, waterfalls, and capital calls tailored for private equity partnerships.
AI-driven Agentic Workflows for no-code automation of complex fund admin tasks like approvals and reconciliations
Longspur (longspur.io) is a modern, cloud-based fund administration platform tailored for private equity and venture capital firms, automating core partnership accounting functions like waterfalls, capital calls, distributions, and investor reporting. It provides real-time portfolio monitoring, compliance tools, and customizable investor portals to streamline operations for fund managers. The software integrates seamlessly with CRM systems and accounting tools, reducing manual processes and errors in complex fund structures.
Pros
- Robust automation for waterfalls, recallables, and LP reporting
- Intuitive investor portal with self-service capabilities
- Strong API integrations for CRM and banking systems
Cons
- Pricing lacks transparency and can be high for smaller funds
- Limited advanced customization for mega-funds compared to legacy providers
- Relatively new entrant with fewer established case studies
Best For
Mid-market private equity firms seeking efficient, scalable automation without legacy system baggage.
Pricing
Custom subscription pricing based on AUM and fund count; typically $50K+ annually for mid-sized funds—contact for quote.
Solovis
enterpriseCloud-based platform for private markets with robust fund accounting and investor management features.
Sophisticated waterfall modeling engine for precise LP/GP allocations and carried interest calculations
Solovis is a cloud-based platform tailored for alternative asset managers, with a strong focus on private equity partnership accounting, handling complex tasks like waterfalls, capital calls, distributions, and NAV calculations. It integrates fund accounting with investor servicing, performance reporting, and CRM in a unified system, enabling real-time data access and automation. Designed for scalability, it supports multi-fund, multi-currency operations and compliance requirements for GPs managing private markets investments.
Pros
- Comprehensive partnership accounting with advanced waterfall and allocation engines
- Integrated investor portal for self-service reporting and capital activity
- Scalable architecture supporting multi-asset class and global operations
Cons
- Steep implementation and learning curve for complex setups
- Premium pricing better suited for mid-to-large funds
- Fewer native integrations with niche PE tools compared to top competitors
Best For
Mid-sized private equity firms needing an integrated platform for accounting, investor relations, and scalable growth.
Pricing
Custom quote-based SaaS pricing, typically starting at $100K+ annually for mid-market funds, scaling with AUM and modules.
Addepar
enterpriseUnified portfolio accounting solution handling complex private equity structures and custom waterfalls.
Universal data aggregation engine that normalizes disparate data sources into a single source of truth for precise PE partnership accounting.
Addepar is a comprehensive cloud-based wealth management platform designed for investment advisors, family offices, and private equity firms, offering advanced portfolio accounting, performance analytics, and customizable reporting. It specializes in aggregating and normalizing data from thousands of sources, enabling accurate tracking of private equity partnerships including capital calls, distributions, waterfalls, and carried interest calculations. The platform supports ASC 820 fair value accounting and provides real-time insights into illiquid assets, making it suitable for complex portfolio management.
Pros
- Seamless data aggregation from over 1,000 custodians and sources for accurate PE accounting
- Powerful analytics and visualization tools for partnership performance and waterfalls
- Scalable for enterprise-level PE firms with multi-entity support
Cons
- High implementation costs and time for setup and data migration
- Steep learning curve for non-technical users despite intuitive dashboards
- Pricing lacks transparency and may not suit smaller PE partnerships
Best For
Large private equity firms and family offices managing complex, multi-asset portfolios with significant AUM requiring enterprise-grade data integration.
Pricing
Custom enterprise pricing, typically starting at $100,000+ annually based on AUM and modules, with quote-based contracts.
InvestorFlow
specializedStreamlines fund administration and partnership accounting for PE and VC firms with real-time reporting.
Sophisticated automation engine for complex carried interest and waterfall calculations
InvestorFlow is a cloud-based fund administration platform designed specifically for private equity and venture capital firms to manage partnership accounting efficiently. It automates key processes like capital calls, distributions, NAV calculations, and investor reporting, while providing a secure self-service portal for limited partners. The software supports multi-fund structures, portfolio tracking, and compliance reporting, reducing manual accounting workloads for general partners.
Pros
- Highly automated workflows for capital accounts, distributions, and waterfalls
- Intuitive investor portal with real-time reporting and document access
- Strong multi-fund support and customizable performance analytics
Cons
- Pricing scales steeply with AUM, less ideal for very small funds
- Fewer native integrations with general ledger systems than top competitors
- Initial setup requires significant data migration effort
Best For
Mid-sized private equity firms with multiple funds looking to in-house fund administration without full outsourcing.
Pricing
Custom enterprise pricing based on AUM and fund count; typically starts at $10,000-$25,000 annually for smaller portfolios.
Geneva
enterpriseGlobal portfolio accounting system supporting private equity fund operations and investor allocations.
Sophisticated multi-tier waterfall and carried interest engine that accurately models even the most bespoke PE partnership agreements
Geneva, offered by S&P Global (ssctech.com), is a robust portfolio accounting and investor servicing platform tailored for asset managers in private equity and alternative investments. It automates complex partnership accounting tasks including capital calls, distributions, waterfalls, carried interest, and performance metrics like IRR and TVPI. The software supports scalable data management, real-time NAV calculations, and customizable reporting for regulatory compliance and investor portals.
Pros
- Highly scalable for managing large, complex PE portfolios with multi-fund structures
- Advanced allocation engines for precise waterfall, carried interest, and investor reporting
- Seamless integration with market data feeds and other S&P Global tools
Cons
- Steep learning curve and lengthy implementation (often 6-12 months)
- Premium pricing suited only for larger firms, not cost-effective for boutiques
- Customization requires significant consulting support
Best For
Mid-to-large private equity firms with complex fund structures needing enterprise-grade accounting automation.
Pricing
Custom enterprise pricing, typically starting at $150,000+ annually based on assets under management and modules.
Juniper Square
enterpriseInvestor management and accounting platform designed for private equity and real estate funds.
White-labeled investor portal with automated, real-time capital account statements and performance reporting
Juniper Square is a cloud-based platform tailored for alternative investment firms, providing end-to-end partnership accounting, investor servicing, and fund administration tools specifically for private equity and real estate funds. It excels in automating complex waterfall distributions, capital calls, distributions, and NAV calculations while offering a secure, white-labeled investor portal for LP communications and reporting. The software integrates with major accounting systems and emphasizes compliance with SOC 2 standards, making it suitable for GPs managing LP relationships.
Pros
- Robust waterfall and partnership accounting automation with multi-class support
- Highly customizable investor portal for real-time reporting and document sharing
- Strong integrations with QuickBooks, Yardi, and other accounting tools
Cons
- Pricing scales steeply with AUM, less ideal for smaller funds
- Primarily optimized for real estate PE, with less flexibility for venture or buyout structures
- Advanced configuration requires support team assistance
Best For
Mid-sized private equity firms focused on real estate funds that prioritize investor relations and streamlined LP reporting.
Pricing
Custom enterprise pricing based on AUM; typically starts at $15,000-$25,000 annually for smaller funds, with implementation fees.
Conclusion
The top 10 private equity partnership accounting tools deliver tailored solutions, with Investran emerging as the clear leader, offering comprehensive fund accounting, investor servicing, and partnership allocation. Allvue Systems and eFront follow, providing integrated platforms and advanced reporting that suit diverse operational needs, each addressing key challenges like automated allocations and performance tracking. While Investran excels in holistic management, its peers shine in specialized workflows, ensuring firms of all sizes find a strong fit.
Take the next step in streamlining your firm’s operations—explore Investran to unlock its industry-leading capabilities for enhanced efficiency and accuracy.
Tools Reviewed
All tools were independently evaluated for this comparison