NAV calculation software for private funds compared

Who it is for. Funds up to $250M that want fund accounting software at a published monthly rate with no administration mandate. The Seed tier ($800/month) lists "NAV allocations on commitment" as a feature and covers capital calls, distributions, investor equalisations, cashflows and IRRs. The Growth tier ($1,200/month) adds carried interest calculations and custom allocations for funds with more complex structures.

Price. Seed: $800 per month ($667 per month on annual billing), one-time onboarding $2,000, AUM cap $50M per fund; additional funds at the same rate. Growth: $1,200 per month ($1,000 per month annual), onboarding $3,500, AUM cap $250M per fund. Enterprise: from $1,800 per month ($1,500 per month annual), onboarding from $4,500. LP portal is a separate product. All prices from fundwave.com/pricing/fund-admin, read October 22, 2026.

Limits. Software only: you or your fund accountant operates the platform. K-1 preparation is not included. LP portal is priced separately. No administration service is bundled. The Seed tier covers NAV allocations on commitment; carried interest calculations require the Growth tier or above.

Who it is for. PE and VC managers who want a dedicated general ledger with the ability to strike NAV by fund class, series, side pocket or partner. The Fund Administration tier ($26,950/year) lists this feature specifically. The Private Equity tier ($38,389/year) adds waterfall calculations "with the flexibility of Excel." The Fund Admin Incubator ($14,450/year) is the entry point for managers with up to five funds and $50M assets under administration per fund.

Price. Fund Admin Incubator: from $14,450 per year (up to 5 funds, $50M AUA per fund, 1 user; $6,450 per additional fund). Fund Administration: from $26,950 per year. Private Equity: from $38,389 per year. Digital transformation and hosting fees are additional. All prices from fundcount.com/pricing, read October 22, 2026.

Limits. The NAV-by-class feature is listed for the Fund Administration tier; the Incubator tier does not describe it on the pricing page. Confirm your class structure is supported before signing. No LP portal is stated on the pricing page. K-1 preparation is not bundled.

Who it is for. Venture funds that want a published price formula and the quarterly NAV prepared by the provider. AngelList's Institutional tier includes fund accounting, quarterly financial statements, audit support and an LP portal. The Full Service tier adds K-1 preparation. Capital calls and distributions are included in both.

Price. Institutional: 0.1% of fund size plus $10,000 per year; K-1s extra. Full Service: 0.15% of fund size plus $20,000 per year; K-1s included. Both plans include a one-time implementation fee and a 10-year price lock from first close. All from angellist.com/pricing/venture-funds, read October 22, 2026.

Limits. The fund accounting and NAV calculation run within AngelList's service; not self-service. The methodology is not described in the public pricing page. Complex carry structures outside the standard Delaware LP template are quoted separately.

Who it is for. Multi-fund GPs across PE, VC, real estate, credit and funds of funds that want fund administration, fund accounting and LP reporting on one platform. Juniper Square's homepage, read October 22, 2026, states 2,300+ GPs, 750,000+ LPs and $1 trillion in investor equity under management. Its homepage lists "period-close accelerated, PCAPs generated, GL variances analyzed" as part of the CFO and operations workflow.

Price. Quote-based. Pricing page returned 404 on October 22, 2026.

Limits. Enterprise scope; less suited to a Fund I with a single structure. No published price to model before a call.

Who it is for. Fund administrators and GPs that want a purpose-built private-markets general ledger with a deep allocation engine. LemonEdge's homepage, read October 22, 2026, states the platform "calculates, records, allocates and consolidates" through a GL built for private markets, holds $5 trillion under client management and has processed 60 million general ledger transactions. Its embedded waterfall is described as "secure, audited and automated."

Price. Quote-based.

Limits. Accounting software, not full-stack fund administration. No fundraising, LP onboarding or investor portal as part of the core product. The depth of the platform makes it a strong choice for administrators managing NAV across multiple client funds; the scope is wider than most first-fund venture managers need at launch.

Who it is for. Multi-fund PE, VC and credit managers, and the administrators that serve them, who want an enterprise investment-management suite. Allvue's homepage, read October 22, 2026, states 21,000+ funds tracked, $8.5 trillion in assets and 500+ clients. Fund Accounting is listed as a module under its Financial Operations suite alongside portfolio management and carry calculations.

Price. Quote-based.

Limits. Enterprise procurement and implementation. Not a starting point for a first-fund manager. Administrators using Allvue typically reach it after several years of growth.

Who it is for. Institutional PE firms and fund administrators that want cloud fund and partnership accounting with automated carry. FIS's product page, read October 22, 2026, states the suite "automates fund and partnership accounting to improve accuracy and reduce operational costs" with carry calculations described as providing "reliable, compliant results." It is the successor to the Investran platform used by large PE administrators for decades.

Price. Quote-based (contact for pricing).

Limits. Enterprise in scope and procurement. Implementation is measured in months. Not suited for a fund under $50M or a first-fund manager.