Ark vs Keel
Ark
arkpes.com
Keel
keelmanager.comSide by side
| Figure | Ark | Keel |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 0 | 7 |
| Spec score · Fund Administration Software | 7.6 (#13) | 8.5 (#3) |
| Integrations | The site lists API-driven general-ledger connectivity and automation and integration capabilities; a fund accounting page also describes an Excel plug-in called arkLink. | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. |
| Investor portal | Ark offers a secure, branded investor portal with real-time data and back-office integration. | Investors receive branded access to capital calls, balances, statements, tax documents and TVPI, DPI, MOIC and IRR analytics. |
| Security | Ark says data is encrypted, access is controlled, and it is SOC 2 Type 2 compliant with continuously replicated data for availability and redundancy. | 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. |
| What it does | Ark provides fund accounting, LP reporting, investor relations, and fundraising software for private capital fund managers and administrators. | Keel is a cloud fund-administration and investor-portal system for private-equity, venture-capital, family-office, search-fund and independent-sponsor managers. |
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
Ark
Ark is a configurable fund operations platform for private capital managers and administrators. It combines fund accounting, LP reporting, investor relations, and fundraising tools, available through the web and an API. Accounting includes a fund-specific general ledger, real-time financial data, configurable reporting, and automated workflows. Ark supports capital account tracking, LP allocation waterfalls, carried-interest calculations, and capital-call workflows. Quarterly reports can be exported to Excel with formulas, while the arkLink plug-in synchronizes reports with spreadsheets for building, reconciling, and refreshing them. A branded investor portal connects with back-office systems and gives LPs real-time data. Fundraising features include data rooms, investor insights, and document management. Bank integrations support reconciliation, cash-position checks, capital-call payment verification, and automated journal entries. Ark lists API-driven connectivity, encryption, controlled access, SOC 2 Type 2 compliance, and continuous data replication. Pricing is on request, with an annual fee based on committed capital.
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.