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 comes as the alternative investment market experiences significant growth, with industry data showing interval funds and tender-offer funds reaching $222 billion as of the third quarter of 2025.
According to Envision estimates, the number of semi-liquid and other alternative investment products on its platform has doubled over the last three years. Year-to-date fundraising for these products is approximately double the level of just two years ago, indicating accelerating market expansion. 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 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 addresses what Brian Jones, chief operating officer at Envision, identifies as a key constraint: "Product complexity has become one of the main constraints to operational productivity when it comes to growth in private and semi-liquid markets."
The platform supports a range of alternative and semi-liquid vehicles within a single operating environment, including interval funds, tender-offer funds, REITs, BDCs and 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.
Jones explained the market need driving the platform's development: "Many firms have reached a point where alternative investment product growth is being managed through a patchwork of tools and manual work. 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 platform reflects what Jones describes as "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. The company's broader platform supports more than $8.5 trillion of investor assets, providing significant scale for the new AltsKeeper solution. For more information about the platform, visit https://enfs.com/altskeeper.
