Pricing Data · Updated July 2026
Fund Administration Pricing Benchmark for Emerging Managers
A curated index of publicly documented fund administration prices — every figure is quoted from a vendor’s public pricing page or a published source, linked and dated. Vendors that do not publish pricing are listed as Custom/undisclosed. Nothing on this page is estimated or surveyed.
Written by Michael Kaufman · Reviewed against our editorial standards · Updated
Quick Answer
Published fund administration pricing for emerging VC managers spans a wide range as of July 2026. Flat SaaS subscriptions start at $297-$497/mo (Archstone, $3,564-$5,964/yr regardless of fund size). AngelList publishes AUM-based formulas: 0.1% of fund size + $10,000/yr (Institutional) or 0.15% + $20,000/yr (Full Service, taxes and K-1s included) — which works out to $20,000-$95,000/yr for a $10M-$50M fund, before undisclosed minimums and a one-time implementation fee. Carta's emerging-manager fund admin starts around $1,500/mo (~$18,000/yr). Most of the rest of the market — Juniper Square, Allvue, Visible's investor product, Standish Management, SS&C, Citco, and Apex Group — does not publish pricing at all: expect a custom quote.
Published Pricing by Provider
12 provider plans. “Disclosed” means the price appears on a public page anyone can check — each source is linked. All figures as of July 2026.
| Provider | Plan | Pricing model | Published price | Disclosed | Source |
|---|---|---|---|---|---|
| Archstone | Starter | Flat monthly subscription | $297/mo ($3,564/yr) | Yes | archstone.app/pricing |
| Archstone | Pro | Flat monthly subscription | $497/mo ($5,964/yr) | Yes | archstone.app/pricing |
| AngelList | Institutional | % of fund size + flat annual fee | 0.1% of fund size + $10,000/yr | Yes | angellist.com/pricing |
| AngelList | Full Service | % of fund size + flat annual fee | 0.15% of fund size + $20,000/yr | Yes | angellist.com/pricing |
| Carta | Fund Administration (emerging manager) | Tiered by fund size | From $1,500/mo (~$18,000/yr entry) | Partial | VC Beast review (2026) |
| Visible | For Investors (Essential) | Quote-based | Custom/undisclosed | No | visible.vc/investor-pricing |
| Juniper Square | Fund Administration | Quote-based | Custom/undisclosed | No | junipersquare.com/pricing |
| Allvue Systems | Fund accounting & admin software | Quote-based | Custom/undisclosed | No | allvuesystems.com |
| Standish Management | Full-service fund administration | Quote-based | Custom/undisclosed | No | standishmanagement.com |
| SS&C Technologies | Fund administration services | Quote-based | Custom/undisclosed | No | ssctech.com |
| Citco | Fund administration services | Quote-based | Custom/undisclosed | No | citco.com |
| Apex Group | Fund administration services | Quote-based | Custom/undisclosed | No | apexgroup.com |
Typical Annual Cost by Fund Size
Derived by arithmetic only from the published prices above — flat monthly prices × 12, or AngelList’s published percent-of-fund-size formulas applied to example fund sizes. No estimates: providers without published pricing show a dash. Excludes implementation fees, minimums, and add-ons (see methodology).
| Provider / plan | $10M fund | $25M fund | $50M fund | Basis |
|---|---|---|---|---|
| Archstone (Starter) | $3,564 | $3,564 | $3,564 | Flat price × 12 |
| Archstone (Pro) | $5,964 | $5,964 | $5,964 | Flat price × 12 |
| AngelList (Institutional) | $20,000 | $35,000 | $60,000 | Published formula |
| AngelList (Full Service) | $35,000 | $57,500 | $95,000 | Published formula |
| Carta (Fund Administration (emerging manager)) | $18,000 | $18,000 | $18,000 | Entry price only* |
*Carta prices by fund size and complexity above the published entry point; the increments are not public, so the entry figure is shown for all three fund sizes. AngelList figures exclude the undisclosed minimum fund size and one-time implementation fee. Archstone’s flat plans do not scale with AUM; the vendor markets a custom Enterprise tier for $50M+ funds.
Download the Data
fund-admin-pricing-benchmark.csv
12 rows · provider, plan, pricing model, published price, derived annual costs, source URL, as-of date · CC BY 4.0
Methodology
What this is. A curated index of publicly documented fund administration pricing, compiled by VC Beast for emerging venture fund managers. It is not a survey — no vendors were interviewed and no private quotes are included. Every figure was quoted from a source anyone can check.
Sources and verification. Each vendor’s public pricing page was fetched and verified live on 2026-07-14. Prices are quoted verbatim from those pages. One exception: Carta’s site does not expose a public fund-admin price list, so its entry price is sourced to VC Beast’s published 2026 review and marked “Partial.”
The no-estimates rule. When a vendor does not publish pricing, the row says Custom/undisclosed. We do not infer figures from sales calls, forums, or third-party claims, and the derived annual-cost table uses arithmetic only (flat price × 12, or a published formula applied to an example fund size).
What is excluded. One-time implementation and setup fees, minimum-fund-size thresholds, negotiated discounts, multi-year contract terms, and add-ons such as tax preparation, audit support, extra closes, or blocker entities — several vendors charge these but do not publish the amounts. Treat the derived figures as software/service list price, not total cost of ownership.
Corrections. Vendor pricing changes. If a figure here no longer matches the linked source, tell us via our corrections page and we will update the row and the as-of date. Editorial process: editorial standards.
Reading the Numbers
The most useful signal in this dataset is structural, not any single price: the emerging-manager end of the market prices flat and publishes it, while the institutional end prices on AUM and quotes privately. Only five of the twelve plans indexed here have a checkable public price — that asymmetry is itself the story. A first-time GP comparing options is really choosing between three pricing models:
- ›Flat subscription: cost is independent of fund size — cheapest at every fund size in this index, and the only model where the $50M-fund cost equals the $10M-fund cost. You operate the software yourself.
- ›Percent of fund size + flat fee: cost scales with AUM by a published formula, so you can compute your exact list price before talking to sales — but minimums and implementation fees sit outside the formula.
- ›Custom quote: seven of the twelve plans indexed. Budget guidance requires a sales conversation, and comparable managers can pay materially different prices for the same service.
Which model fits depends on whether you are buying software you operate or a service that operates for you — our emerging-manager fund admin guide walks through that decision, including when institutional LPs start expecting an independent administrator.