Allvue vs Fundwave
A side-by-side comparison of Allvue and Fundwave — two options for fund administration & accounting. Pricing, features, and honest pros and cons.
Category
Fund Administration & Accounting
Fund Administration & Accounting
Rating
4.0 / 5
4.5 / 5
Pricing
Enterprise / Custom
From $1,000/mo
Best for
Managers wanting an integrated back-office suite
Emerging managers and solo GPs who want software-priced fund accounting
Key features
- Fund accounting and administration
- Portfolio monitoring
- Investor portal and CRM
- Data management
- Reporting and analytics
- Capital calls, distributions, and investor equalizations
- NAV allocations on commitment with a fund policies engine
- Multi-close and transfer commitment handling
- Investor portal and custom reporting
- Cashflow, IRR, and portfolio tracking modules
Pros
- Broad, integrated feature set
- Covers PE, credit, and VC workflows
- Reduces number of point solutions
- Rare transparent, published pricing in fund administration
- Modular: buy only admin, portal, or portfolio as needed
- Cost-effective for emerging managers and SPV-heavy structures
Cons
- Implementation can be complex
- Enterprise pricing
- Software only — you still need in-house or outsourced accountants to run it
- Smaller vendor with a lighter services bench than full-service administrators
- Onboarding fees ($2,000-$4,500+) on top of the subscription