Best Fund Administration Software in 2026
Updated
In short: Keel is ranked #1 of 30 as of 4 October 2026, ahead of Hemrock and ModelTree. The best-ranked option with a free plan is Hemrock. The lowest first paid tier on this page is Infra One at $0.83/mo.
Managing a fund involves capital records, investor activity, and fund-level workflows, so compare software against the processes you need to handle. Compared on capital account tracking, capital call workflows, NAV workflows, and allocation waterfalls, the entries also differ in investor portals and investor limits. Keel, Hemrock, and ModelTree are among the options to consider for those requirements. Free-plan availability and paid-from pricing provide cost details to weigh alongside the operational features. Think through which capital workflows are central to your administration and whether investor-facing access or a particular investor limit fits your needs.
30 fund administration software ranked on what their makers publish — plans and prices, free tiers, platforms and the facts on their own pages.
Fund Administration Software, ranked on how quickly a newcomer can get going. 5 of the 25 on this page can be tried for free.
- 1 KeelPaid from £265/mo
- Free to practise on: yes
- Free trial: yes
- Well documented: yes
- Runs where you work: not on record
- 2 HemrockPaid from $250/mo
- Free to practise on: yes
- Free trial: not on record
- Well documented: yes
- Runs where you work: not on record
- 3 ModelTree
- Free to practise on: not on record
- Free trial: yes
- Well documented: yes
- Runs where you work: not on record
- 4 PerfonaPaid from $1,000,500/mo
- Free to practise on: not on record
- Free trial: yes
- Well documented: yes
- Runs where you work: not on record
- 5 Ashta.ai
- Free to practise on: not on record
- Free trial: yes
- Well documented: yes
- Runs where you work: not on record
- 6 Allvue Investment Management
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: not on record
- 7 Juniper Square
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: yes
- 8 AdminSphere
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: yes
- 9 Dynamo CRM & Deal Management
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: yes
- 10 FundwavePaid from $800/mo
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: yes
- 11 aama.ioPaid from $1,500/mo
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: yes
- 12 Infra OnePaid from $0.83/mo
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: not on record
- 13 Caproom
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: not on record
- 14 VCF.co
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: not on record
- 15 PoliBit
- Free to practise on: not on record
- Free trial: not on record
- Well documented: yes
- Runs where you work: not on record
- 16 Ark
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 17 Formidium
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 18 Selene
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 19 Valence
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 20 Allocate
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 21 Basis
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 22 Entrilia
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 23 fundflow
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 24 Goji
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
- 25 Ventari
- Free to practise on: not on record
- Free trial: not on record
- Well documented: not on record
- Runs where you work: not on record
Is your platform on this list?
Numbered spots on this list can be sponsored. They are labelled, and the editorial order and scores never change for payment.
Questions about this list
Which fund administration software is ranked first on The Geeks Club?
Keel is ranked #1 of 30 with a score of 7.6. Hemrock is second and ModelTree third.
How many of these have a free plan?
2 of the 25 on this page publish a free plan on their own pricing pages.
Which is the cheapest paid option?
On this page, Infra One has the lowest first paid tier we found: $0.83/mo.
How is this list ranked?
Ranked on how quickly a newcomer can get going: documentation depth, a free tier or trial, and the platforms it runs on. Paid placements never change a rank.