SS&C is the largest private equity administrator and owns Intralinks, Geneva and more. Privatis takes the opposite approach: one platform your own team operates, where every module posts to the same general ledger.
SS&C doesn't cover 7 areas natively in its software: deal CRM & pipeline; waterfall, carry & management fees; valuation modeling that produces the mark; portfolio monitoring & KPI collection; regulatory filings (ADV, PF, FATCA, CRS); partnership tax (1065, K-1, K-2/K-3); issuer cap table & equity plans. In Privatis, all 13 post to and read from the same ledger.
| Capability | Privatis | SS&C |
|---|---|---|
| Deal CRM & pipeline | ||
| LP fundraising CRM & onboarding | ||
| Fund general ledger the GP runs | ||
| Waterfall, carry & management fees | S | |
| Valuation modeling that produces the mark | ||
| Portfolio monitoring & KPI collection | ||
| LP portal & ILPA reporting | ||
| Regulatory filings (ADV, PF, FATCA, CRS) | S | |
| Partnership tax (1065, K-1, K-2/K-3) | S | |
| Deal VDR & LP data rooms | ||
| Issuer cap table & equity plans | ||
| Private credit & covenant monitoring | ||
| AI assistant |
Built for: Large and mid-sized GPs that want to outsource fund administration to a single, very large provider.
Calls itself the largest PE administrator, with about $845B under administration. Intralinks, Geneva and Precision LM sit under one logo.
Scale and process maturity. Intralinks is the best-known deal data room, and the administration team will run your back office.
These are separately acquired products, not one data model. Waterfalls, regulatory filings and K-1s come as services.
You want to hand your whole back office to an administrator and don't need your team working in the ledger day to day.
Every Privatis module posts to and reads from one general ledger. That's what makes these possible without an integration in between.
The LP CRM, the subscription documents and the general ledger are the same record, so nothing is re-keyed between fundraising and the books.
DCF, comps, LBO and option-pricing backsolves reconcile to one fair value. Approving it posts the journal entry that moves NAV, the Level 3 rollforward and every LP capital account.
European, American and hybrid waterfalls, with catch-up and quarterly accrual, read the same capital and the same LPA terms the fee engine uses.
The 1065, K-1s and K-2/K-3s come from the same 704(b) capital as the GAAP statements and LP capital accounts. There's no hand-off to a separate tax file.
Form ADV, Form PF, FATCA, CRS and FBAR are produced as filing-ready exports from live holdings and capital, not re-keyed into a consultant's template.
The target you diligenced becomes the portfolio company on the same record: data room, cap structure, KPIs, covenants and valuation history together.
AlphaBot works across deals, funds, credit and LP data, inside your information walls. Every change it suggests is a proposal that a person approves.
Based on SS&C's public product pages, press releases and trade coverage as of October 2026. A capability counts as native when it's sold as software the GP's own team runs. Spotted something out of date? Tell us and we'll correct it. Privatis produces regulatory and tax outputs as filing-ready exports for your filer of record.
SS&C and all other product names are trademarks of their respective owners, used here for identification and comparison only. Privatis is not affiliated with or endorsed by them.
Bring one fund. We'll take a deal from the pipeline to the K-1 in a single workspace, with every number tracing back to the same journal entry.