Envision Financial Systems has 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. The launch addresses significant growth in this market segment, with Envision estimating that the number of semi-liquid and other alternative investment products on its platform has doubled over the last three years.
Industry data shows interval funds and tender-offer funds have grown to $222 billion as of the third quarter of 2025, with year-to-date fundraising approximately double the level of just two years ago. Envision estimates that more than 35% of the semi-liquid registered fund market is currently serviced using its alternative-investment recordkeeping capabilities. This rapid expansion has created operational challenges for financial institutions managing these complex products.
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. According to Brian Jones, chief operating officer at Envision, product complexity has become one of the main constraints to operational productivity in private and semi-liquid markets.
The platform supports multiple product structures 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. Jones noted that many firms have reached a point where alternative investment product growth is being managed through a patchwork of tools and manual work, creating inefficiencies that AltsKeeper aims to address.
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. The platform reflects the realities of clients' businesses today—supporting multiple product structures, managing complex workflows, and integrating with distributors—without adding layers of additional software or side processes.
For financial institutions, the implications of this announcement are significant. As alternative investments continue to grow in popularity among investors seeking diversification beyond traditional stocks and bonds, the ability to efficiently service these products becomes increasingly critical. Firms that can consolidate their alternative investment operations onto a unified platform like AltsKeeper may gain competitive advantages through improved operational efficiency, reduced error rates, and enhanced scalability to support future growth.
The industry-wide shift toward alternative and semi-liquid investments represents a fundamental change in how wealth is managed and invested. Platforms that can simplify the complex operational requirements of these products will play a crucial role in determining which financial institutions can successfully capitalize on this market trend. More information about the platform is available at https://enfs.com/altskeeper.
