Fund Administration Software
Alternatives to Keel
Keel is a fund-administration platform for private equity, venture capital, family offices, search funds, and independent sponsors. It brings onboarding, commitments, capital calls, reconciliation, distributions, performance reporting, tax workflows, and investor access together. Its waterfall support covers European and American structures, GP catch-up, carried interest, preferred returns, hurdles, and recallable capital. Managers can review emailed notices and fund materials with confirmation before actions are created or issued. Keel operates through web and API, with a free plan for one entity and 10 active investors, then paid plans from £265 a month.
- 01 Hemrock
Portfolio is intended for SPVs, solo GPs and emerging managers, angels and syndicates, and micro and seed funds.
From $1.67/mo Free plan Open source Web · API · Self-hosted8.7 Visit Specs - 02 Dynamo CRM & Deal Management
Dynamo CRM & Deal Management suits investment teams in private capital markets that need to manage deal pipelines, relationships, workflows, and documents.
From $0.08/mo Web · iOS · Android · API8.5 Visit Specs - 03
aama.io It is aimed at PE and VC managers, private credit managers, family offices, boutique fund administrators, and SPV or syndicate leads.
From $1,500/mo Web · iOS · Android · API8.2 Visit Specs - 04
Allvue Investment Management It is aimed at credit asset managers, including managers of private debt, CLO and public credit strategies.
Web · Browser extension8.1 Visit Specs - 05
Archstone Archstone is intended for GPs, syndicators, search fund operators, independent sponsors, solo GPs, emerging managers, and private equity firms.
From $297/mo Free trial Web8.1 Visit Specs - 06 Ashta.ai Free trial Web8.1 Visit Specs
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Beonflow Beonflow is intended for German VC fund managers, especially first- and second-fund teams in the private beta.
Free plan Web7.8 Visit Specs - 08
Basis Web7.7 Visit Specs - 09
Fundwave It suits fund operations in venture capital, private equity, SPVs, family offices, impact funds and fund-of-funds.
From $800/mo Web · iOS · Android · API7.7 Visit Specs - 10
AdminSphere Web · iOS · Android · API7.6 Visit Specs - 11
Allocate Web7.6 Visit Specs - 12
Ark Ark suits venture capital, private equity, fund-of-funds, and real estate firms, as well as general partners and fund administrators managing private funds.
Web · API7.6 Visit Specs - 13
bunch bunch is aimed at fund managers, private investors, venture capital and private equity teams.
Web7.6 Visit Specs - 14
Caproom Web7.5 Visit Specs - 15
Carta Fund Management Web · iOS · Android · API7.5 Visit Specs - 16
Formidium Formidium is aimed at fund managers using traditional or digital strategies, including onshore and offshore structures.
Web · Windows · macOS · iOS7.4 Visit Specs - 17 Entrilia
Entrilia suits private equity, venture capital, private debt and fund administration teams.
Web · API7.3 Visit Specs - 18 Goji
Goji is designed for asset managers and fund administrators operating in private markets.
Web · API7.3 Visit Specs - 19 Infra One From $0.83/mo Web7.3 Visit Specs
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fundflow Web · Self-hosted7.2 Visit Specs - 21
Juniper Square Juniper Square is aimed at private markets firms, including private equity, real estate, venture capital, fund of funds, and private credit organizations.
Web · iOS · Android · API7.2 Visit Specs - 22
Perfona Free trial Web · API7.2 Visit Specs - 23 Valence Web7.1 Visit Specs
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Selene API6.9 Visit Specs - 25 PoliBit Web6.7 Visit Specs
- 26 Relevant EquityWorks Web6.7 Visit Specs
- 27 VCF.co Web · API6.6 Visit Specs
- 28 Ventari Web6.5 Visit Specs
- 29 Fundy Web5.6 Visit Specs
Choosing instead of Keel
An alternative may fit better if that entity limit, single-entity scope, paid add-ons, or platform choice constrains your operation. Compare whether you need multi-asset accounting, real-estate modeling, German compliance, customer-controlled hosting, portfolio and deal management, or broader fund structures. Check investor onboarding, reporting, integrations, AI controls, security, data residency, and supported currencies or tax workflows. Pricing also varies from free access to plans starting at aama.io’s published monthly rate or Fundwave’s, while several providers quote only on request.