AdminSphere vs Keel
AdminSphere
admsphere.com
Keel
keelmanager.comSide by side
| Figure | AdminSphere | Keel |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 1 | 7 |
| Spec score · Fund Administration Software | 7.6 (#11) | 8.5 (#3) |
| Integrations | The site says screening-provider integrations such as World-Check, Dow Jones, and ComplyAdvantage can be built using Salesforce Named Credentials and API integrations. | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. |
| Security | The maker says the platform uses Salesforce SOC 2-certified infrastructure, multi-tenant isolation, field-level security, and four purpose-built permission sets. | Keel states that it uses TLS/HTTPS in transit, AES-256-GCM application-layer encryption for sensitive data at rest, mandatory administrator MFA, role-based access, and tenant isolation. |
Plans
Keel
- FreeFree
- FreeFree
- Starter£350 a month
- Single Fund£799 a month
- Multi-Fund£1,999 a month
- EnterprisePriced on request
- Enterprise$6,000 a month
In their own words
AdminSphere
AdminSphere has no write-up on Specifiction yet; its figures are above.
Keel
Keel is fund administration software for private equity, venture capital, family offices, search funds, and independent sponsors. Its workflows cover investor onboarding, commitments, capital calls, bank reconciliation, distributions, performance reporting, and tax tasks. For fund economics, it supports European and American distribution waterfalls, GP catch-up, carried interest, preferred returns, hurdles, and recallable capital. Investors can use a branded portal for capital-call notices, real-time account balances, statements, tax documents, and fund analytics. Its AI Suite reviews emailed capital-call notices, deal materials, and portfolio updates, but a manager must confirm before it creates or issues actions. Keel supports USD, EUR, GBP, and JPY fund currencies, plus K-1 and foreign-investor tax forms including W-8, 1042-S, and K-3. The Free tier costs nothing and covers one entity and up to 10 active investors. Listed paid plans start at £265 a month; the pricing note also says paid plans start at $500/mo. Keel administers single-entity funds today; multi-entity and master-feeder structures are coming soon.