Unified platform for transfer agents and broker-dealers servicing alternative and semi-liquid investment products
Costa Mesa, CA, Jan. 21, 2026 — Envision Financial Systems, the leader in real-time investor recordkeeping technology and services, today announced AltsKeeper™, a bundled solution designed to help transfer agents and broker-dealers support a broad range of alternative and semi-liquid investment products on a single, configurable platform.
According to Envision estimates, the number of semi-liquid and other alternative investment products on its platform has doubled over the last three years. That rapid growth is consistent with industry data showing interval funds and tender-offer funds exploding to $222 billion as of the third quarter of 2025—with year-to-date fundraising approximately double the level of just two years ago (The Stanger Closed-End Fund Report, Robert A. Stanger & Company, Inc., Q3 2025).
Envision estimates that more than 35% of the semi-liquid registered fund market is accounted for using Envision’s alternative-investment recordkeeping capabilities.
AltsKeeper brings together, under one name and operating model, Envision’s capabilities for servicing interval funds, tender-offer funds, REITs, BDCs and other alternative products in a single operating environment. The solution eliminates reliance on spreadsheets, point solutions, and manual processes that often emerge as firms expand alternative-investment offerings.
“Product complexity has become one of the main constraints to operational productivity when it comes to growth in private and semi-liquid markets,” said Brian Jones, chief operating officer at Envision. “AltsKeeper reflects the realities of our clients’ businesses today—supporting multiple product structures, managing complex workflows, and integrating with distributors—without adding layers of additional software or side processes.”
Given increasing operational complexity around subscription processing, liquidity events, data integration, and investor communications, Envision has seen new business opportunities emerge and has signed several new clients as firms assess their operating models in response to these pressures.
One platform for multiple product types
AltsKeeper supports a range of alternative and semi-liquid vehicles within a single operating environment, including:
- Interval funds
- Tender-offer funds
- REITs
- BDCs
- Other private-market and hybrid product structures
As firms consolidate these products onto one platform, they can unify workflows, data, and reporting while maintaining the flexibility to support product-specific requirements such as non-daily liquidity, customized trading calendars, complex fee structures, and bonus shares.
“Many firms have reached a point where alternative investment product growth is being managed through a patchwork of tools and manual work,” Jones said. “AltsKeeper is designed to simplify and unify that environment—bringing key workflows, data, and integration together so teams can focus on execution rather than workarounds.”
AltsKeeper provides a unified set of tools to simplify alternative investment operations:
- The platform automates subscription processing and onboarding with API-based and DLT-based integrations, real-time work status visibility and workflow-driven document tracking.
- Configurable trading calendars seamless handle liquidity events such as tender offers and repurchases.
- Capital commitments and call tracking are automated, and their system supports complex trailing structures like maximum fee limits.
- The platform also includes connectivity to distributed ledger technologies, full NSCC FundServ and DTCC AIP integration, and flexible data exports for analysis and reporting—without vendor lock-in.
For more information, visit https://enfs.com/altskeeper.
About Envision
Envision is the leading real-time investor accounting platform provider, helping its clients identify and solve problems with innovative and flexible solutions. For more than 30 years, asset managers, fund sponsors, administrators, 529 program managers, and brokers have relied on Envision's solutions to automate processing and optimize efficiency. In total, Envision supports more than $8.5 trillion of investor assets.
Founded in 1994, Envision is headquartered in Costa Mesa, California and also serves clients from offices in Denver, Colorado, and Bangalore, India. Learn more at https://enfs.com.
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Source: Envision Financial Systems
Media contact: Elizabeth Terry, Lowe Group: elizabeth.terry@lowecom.com