Carta vs Gen II Fund Services
A side-by-side comparison of Carta and Gen II Fund Services — two options for cap table & equity management. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity Management
Fund Administration & Accounting
Rating
4.2 / 5
4.4 / 5
Pricing
From $$$
Enterprise / Custom
Best for
Startups and their VC/growth investors
Mid-market to large-cap PE firms wanting a dedicated PE administrator
Key features
- Cap-table management
- 409A valuations
- Equity and option administration
- Fund administration
- Investor and portfolio insights
- Dedicated PE fund accounting and capital account maintenance
- Waterfall and carry calculations plus management company accounting
- LP reporting and investor servicing via digital portal
- Regulatory, tax, and treasury support
- European coverage via Crestbridge (Luxembourg, Jersey, London)
Pros
- Standard-setting cap-table platform
- Combines company and investor tooling
- Strong equity administration
- Pure-play private equity focus rather than a hedge-fund-first shop
- Deep bench for complex waterfalls and multi-vehicle structures
- Scale and continuity trusted by large-cap GPs
Cons
- Pricing scales quickly with growth
- Fund admin has faced service-quality criticism
- Service-led model with no self-serve software tier; minimums can be high for small funds
- Pricing entirely bespoke and not published