We compared ten platforms that sell themselves as all-in-one private markets software across the thirteen areas a GP has to cover, from the first deal meeting to the K-1. None covers all thirteen as software you run on a single ledger. Privatis does.
Each vendor built one layer well, then added the rest by building or buying. The suite stops where that original layer stops, which is usually where your team starts re-keying.
Relationships, deal flow and fundraising pipelines.
At the signed commitment. No general ledger, no capital accounts, no fund economics — the deal and the LP are re-keyed into somebody else's system.
Fund accounting, partnership allocations and operations at scale.
At the front door and the filing. Deal rooms, issuer cap tables and tax returns live elsewhere — or arrive as a service ticket rather than software your team runs.
The LP portal, subscriptions and the fundraising experience.
At the portfolio. Valuation modeling, deal pipelines and credit monitoring are thin, outsourced or newly acquired — and the books are often kept by the vendor's own admin team.
One job done deeply: valuations, monitoring, data collection.
At their edge, by design. The mark they produce still has to be carried into a GL, a capital account and an LP statement that someone else maintains.
Only native software counts toward a platform's total. Outsourced services and partial coverage are shown but not counted. Reviewed October 2026 from each vendor's public materials.
| Platform | Deal CRM | LP CRM | Fund GL | Carry & fees | Valuation | Monitoring | LP portal | Reg filings | K-1s | Data rooms | Cap table | Credit | AI | Native |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Privatis One platform, one ledger | 13/13 | |||||||||||||
| Carta Cap table → fund admin | A | S | 9/13 | |||||||||||
| Allvue Systems Credit & fund-ops suite | 7/13 | |||||||||||||
| SS&C Administrator + acquired software | S | S | S | 6/13 | ||||||||||
| Dynamo Software Front-to-back suite | 6/13 | |||||||||||||
| BlackRock eFront Institutional alternatives platform | 5/13 | |||||||||||||
| FIS Private Capital Suite Fund accounting (Investran) | 5/13 | |||||||||||||
| Juniper Square Investor management + admin | S | S | S | 4/13 | ||||||||||
| 73 Strings Valuation & monitoring | 3/13 | |||||||||||||
| Chronograph Monitoring & valuation | 4/13 | |||||||||||||
| Intapp DealCloud Front-office CRM | 2/13 |
Scroll the table sideways on small screens · hover a column for its full name
These are serious products, and several had a busy 2026. What each one does well is real. So is the point where its suite stops.
2026: bought ListAlpha (deal & LP CRM) and Avantia (Carta Law); launched fund-of-funds and Claude plugins.
The broadest offering after Privatis. Cap tables are its core, and fund admin, ASC 820 valuations and an LP portal sit on top.
The CRM arrived by acquisition in 2026. Partnership tax is a service from Carta's own team, and we found no regulatory filings or private-credit monitoring. It was built for venture and emerging managers.
2026: launched OneVue with an AI assistant and agentic covenant extraction. Vista is reported to be exploring a sale.
Fund accounting, investor portal and portfolio monitoring, plus one of the strongest private-credit offerings.
The deal CRM is credit-led. We found no data rooms, issuer cap tables or partnership tax, and couldn't confirm valuation modeling that produces the mark.
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.
2025: v3.0 with DynamoAI. 2026: bought InvestHub for subscriptions and KYC.
CRM, investor relations, LP portal and monitoring in one product, used by LPs as well as GPs.
Lighter on waterfall and valuation depth. We found no regulatory filings, partnership tax, data rooms or cap tables.
2026: Preqin data folded into eFront on Aladdin; eFront Copilot in private preview.
Institutional breadth: accounting, monitoring, investor portal and Preqin data, with a strong AIFMD footprint in Europe.
Built for the largest GPs and allocators. We found no data rooms, K-1s or issuer cap tables.
2025: $130M Series D. 2026: an AI CRM, plus a headless fund OS exposed to AI tools over MCP.
Its LP portal and fundraising experience set the standard. Data rooms and an AI assistant are built in.
No deal-sourcing CRM, valuation modeling or portfolio monitoring. Fund accounting comes as a hybrid service, with Juniper's staff working in your instance.
A suite assembled from acquisitions connects its products with integrations. Privatis has one general ledger that every module posts to and reads from. Here is what that makes possible.
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.
“Is your GL the same record as your LP portal?”
Or is the portal refreshed from an export once statements are final?
“Which of these modules did you build, and which did you buy?”
Acquired products tend to keep their own data models. Ask what reconciles them.
“Is it software my team runs, or a service your team runs?”
Hybrid administration can be the right choice, but you should know who is posting the entries.
“When a mark changes, what else changes automatically?”
NAV, the Level 3 rollforward, carry accrual and every LP capital account should move with it.
“Where do my K-1s and Form PF come from?”
The ledger, or a separate file that someone rebuilds every year?
We reviewed each vendor's public product pages, press releases and trade coverage as of October 2026. A capability counts as native when the vendor sells it as software the GP's own team runs. Capabilities delivered by the vendor's services team, through a partner, or only in part are marked as such and not counted. Where we couldn't confirm a capability from public materials, the cell is blank. Vendors move quickly: if something here is out of date, tell us and we'll correct it.
Privatis is software your team operates, and your administrator, auditor and counsel stay essential. Regulatory and tax outputs are produced as filing-ready exports for your filer of record to submit.
All product names and trademarks belong to their respective owners. Their use here is for identification and comparison only and doesn't imply endorsement.
Bring a fund. We'll take one deal from the pipeline to the K-1 in a single workspace, with every number tracing back to the same journal entry.