Envision Financial Systems has launched AltsKeeper, a bundled solution designed to help transfer agents and broker-dealers support alternative and semi-liquid investment products on a single configurable platform. The announcement comes as the alternative investment market experiences explosive growth, with interval funds and tender-offer funds reaching $222 billion as of the third quarter of 2025, according to The Stanger Closed-End Fund Report from Robert A. Stanger & Company, Inc.
The platform addresses a critical operational challenge facing financial firms as they expand their alternative investment offerings. Envision estimates that more than 35% of the semi-liquid registered fund market already uses Envision's alternative-investment recordkeeping capabilities, and the number of semi-liquid and alternative investment products on its platform has doubled over the last three years. This rapid growth has created operational complexity that AltsKeeper aims to solve.
"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."
AltsKeeper brings together 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. This is particularly important given increasing operational complexity around subscription processing, liquidity events, data integration, and investor communications.
The platform supports a range of alternative and semi-liquid vehicles within a single operating environment, allowing firms to unify workflows, data, and reporting while maintaining flexibility for product-specific requirements. These include non-daily liquidity, customized trading calendars, complex fee structures, and bonus shares. As firms consolidate these products onto one platform, they can streamline operations that have become increasingly fragmented.
"Many firms have reached a point where alternative investment product growth is being managed through a patchwork of tools and manual work," Jones explained. "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."
The launch comes as Envision has seen new business opportunities emerge and has signed several new clients as firms assess their operating models in response to market pressures. The alternative investment market's rapid expansion—with year-to-date fundraising approximately double the level of just two years ago—has created an urgent need for more efficient operational solutions. For more information about the platform, visit https://enfs.com/altskeeper.
